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.
Named insured is the listed owner of a policy and is the only recognized as such by the insurance company. The named insured can be a person or an organization. He or she or the legal representative of the organization is the only one allowed to transact with the insurer in most cases like modifications and claims. A policy usually has one owner. However, in joint insurance, there can be two policy owners.