Not necessarily. The insured is the person whose life, health or property is insured under the policy. While the insured may also be the owner, it may also be someone or something (if an entity) different. Typically, the owner pays the premiums, has the right to change beneficiaries, and possesses other indicia of ownership.
Usually the owner of the policy designated on the application for insurance. It is important for the insurer to know the identity of the owner from the standpoint of knowing from whom to take direction as to policy changes as discussed above.
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