In a participating health insurance contract, what indicates ownership?

In a participating health insurance contract, ownership is indicated by the policy ownership itself. The policyholder, who is typically the individual who purchases the contract, has rights and responsibilities associated with that policy, including the ability to receive dividends, make changes to the policy, or cancel it.

Ownership is central to recognizing who has the authority over the policy, which can determine who is eligible to make claims, who receives benefits, and who may exercise rights like the option to receive dividends or participate in policy adjustments.

While dividends can be a benefit associated with participating policies, they do not signify ownership; rather, they are a result of ownership. Similarly, policy cancellation rights are advantages granted to the policyholder but do not themselves denote ownership. Premium payment history reflects the financial aspects of maintaining the policy but doesn’t indicate legal ownership.