The person who takes out the insurance policy is called the policyholder. This is the person who signs the contract with the insurance company. They are not always the insured person or the beneficiary.
What rights do they have?
The policyholder must request the corresponding information before signing the contract, as they must understand the scope of the contracted coverage, the related issues in the event of a claim, and how to request the services offered by the insurance company. Likewise, the policyholder may ask the insurer to make certain changes to the policy: modify the coverage, change the beneficiaries, the payment address, or the method of paying the premiums in instalments, terminate the contract, and so on.
What are their obligations?
Their main obligation is to pay the agreed premium.