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.
Payer/Insurer. The payer is the party that pays claims and/or administers the insurance coverage, benefit or product. A payer can. be an insurance company, Health Maintenance Organization, Preferred Provider Organization, government agency. or another organization contracted by one of these groups.