policy

policy,

n the document embodying the insurance contract.

policy holder,

n under a group purchase plan, the employer, labor union, or trustee to whom a group contract is issued. In a plan providing for individual or family enrollment, the person to whom the contract is issued.

policy period,

n the time during which an insurance contract affords protection.

policy year,

n the year commencing with the effective date of the insurance contract or with an anniversary of that date.