An executive director within a company or an organization is usually from the board of directors and oversees a specific department within the organization such as Marketing, Finance, Production and IT.n executive director within a company or an organization is usually from the board of directors and oversees a specific department within the organization such as Marketing, Finance, Production and IT.
Definition of Named Insured. A named insured is essentially the owner of the car insurance policy. The named insured purchases the insurance policy and is protected by its coverage. Being the owner of the vehicle, however, some standard and non-standard companies do not require the named insured to be titled to the vehicle.
A life insurance policy, at heart, is a contract between the insured and the life insurance company. When an insured person dies, the life insurance company is bound to pay a death claim to the beneficiaries. The insured is the person who the life insurance contract is underwritten on, and whose death triggers a claim. Insured And Owner Can Be Same Person. The insured and the owner of the life insurance policy are often the same person.