An insurance policy may have more than one party named as insured. In such cases, the first named insured attends to policy "housekeeping," i.e., pays premiums, initiates (or receive notice of) cancellation, or calls for interim changes in the contract. This is spelled out in commercial policies in the "common policy conditions."
First person listed in the Declarations as an insured. The first named insured may have a higher level of duties or rights under the policy.
The main policy holder on an insurance, literally the "first" name listed on a contract.
The first individual or organization named on an insurance policy. This entity may have certain rights and obligations by virtue of being the first named insured.
The name of the first person listed as an Insured on the Declarations page of an insurance policy. Usually their signature is the only one required in the conduct of business with an Insurance company.
The first named insured appearing on a commercial policy. The latest forms permit the insurer to satisfy contractual duties by giving notice to the "first" named insured rather than requiring notice to all named insureds.
because they often cover multiple insureds (e.g., a partnership), many commercial insurance policies reserve certain rights for the First Named Insured, making it relevant how insureds are listed in the declarations. This practice simplifies the process of making changes to the policy or providing the insured with notice of additional premium, cancellation, etc. for the insurance company.
The party that has the primary rights and responsibilities under a policy. The first-named insured must pay the premiums, can negotiate changes in the policy, can cancel the policy, and is the only party that must be notified by the insurance company if the policy is to be cancelled.