The entity named on the commercial insurance policy is the

• A. Named Insured
• B. Primary Insured
• C. Policyholder
• D. Beneficiary

Answer: (A)

The main idea is identifying who the policy protects. In a commercial insurance policy, the entity that is protected and to whom the policy’s coverages apply is the Named Insured. The declarations page lists this entity—the person or organization whose risks are being insured—and this entity has the rights and duties under the contract, such as premium obligations and receiving notices.

Beneficiary is not correct because beneficiaries are recipients of policy proceeds in specific types of coverage, not the party whose risks are insured under a standard commercial policy. Primary insured isn’t the standard label for the insured party on a commercial policy, and policyholder refers more to who owns or purchases the policy, which can be the same as the named insured but is not the term used to identify the insured in the contract.