What Does Specified Holder Mean?

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What does Specified Holder mean? Read on to discover the definition & meaning of the term Specified Holder - to help you better understand the language used in insurance policies.

Specified Holder

Specified Holder

In Internal Revenue Service (IRS) parlance (specifically, Internal Revenue Code of 1986, as amended, Section 831(b)), with respect to an insurance company, any individual who is a spouse or lineal descendant (including by adoption) of an individual who holds an interest, directly or indirectly, in the specified assets with respect to the insurance company.

We hope the you have a better understanding of the meaning of Specified Holder.

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