the insured

noun

law

: a person who has insurance : a person whose life, health, or property is insured

The insured must submit a report of damage to property within 90 days.

Example Sentences

Recent Examples on the Web

Consumers may react to higher prices by opting for cheaper, high-deductible plans in which insurance kicks in only after the insured pays a large amount out of pocket. —oregonlive, 30 Mar. 2023

JPMorgan, Bank of America and other big banks received private letters from regulators asking executives to consider buying SVB and paying out depositors over the insured limit. —Maureen Farrell, New York Times, 30 Mar. 2023

The bill would also ensure that investors in a bank holding company should bear the losses of the insured depository institution. —From Cnn's Krystal Hur, Nicole Goodkind And Allison Morrow, CNN, 29 Mar. 2023

This anecdote illustrates the point that the average person who maintains less than the insured balance in their accounts will feel no material impact from a bank failure, thanks to the FDIC. —Natalie Colley, Forbes, 26 Mar. 2023

At First Republic, about 68% exceed the insured amounts. —Carolyn Said, San Francisco Chronicle, 20 Mar. 2023

The Biden administration’s move guaranteeing all Silicon Valley Bank’s deposits above the insured limit of $250,000 per account has brought relief to some. —Michelle Chapman, Fortune, 14 Mar. 2023

In emergency meetings over the weekend, federal regulators decided to reassure depositors that all their money would be accessible, even beyond the insured amount. —Lisa Bonos, Washington Post, 13 Mar. 2023

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