Which statement best defines a 'policyholder'?

The term 'policyholder' specifically refers to the individual or entity that owns and holds an insurance policy. This ownership grants the policyholder the rights associated with the policy, including the right to make claims, change the terms of coverage, and manage the details of the insurance agreement. The policyholder is typically the person who has entered into a contract with an insurance company and pays the premiums to maintain coverage.

In contrast, an insurance product salesperson or broker does not hold the policy; their role is to sell insurance products. A company providing insurance services is the insurer, not the policyholder. An adjuster is responsible for evaluating claims, which is a function separate from ownership of a policy. Thus, the choice that defines a policyholder accurately and comprehensively is the one that identifies them as the individual who owns and holds the insurance policy.