Who is considered the person protected against a loss in an insurance policy?

The person protected against a loss in an insurance policy is the policyholder. The policyholder is the individual or entity that owns the insurance policy and has the legal rights and responsibilities associated with it. This includes the right to make claims for losses covered by the policy and the obligation to pay premiums to keep the policy active.

In this context, the policyholder is the one who is financially safeguarded in case of a qualifying event, such as a death in a life insurance policy, where chosen beneficiaries will receive the payout. The policyholder is critical in making decisions regarding the insurance, such as coverage options and any changes to the policy.

The other roles listed, such as the beneficiary, insurer, and underwriter, have different functions in relation to the insurance policy. The beneficiary receives the benefits from the policy but is not the party protected from loss; rather, they benefit from the policyholder's coverage. The insurer is the company providing the insurance coverage, and the underwriter assesses the risk and determines the terms of the policy.