For every obligee there is a corresponding obligor, the one who is obliged to do something for the former in order to fulfill a promise in the contract. The obligee can be a bank, a credit company, or a person who gets a surety bond to make sure that another person will complete something as contractually promised.
Insurance policyholders are also obligees, insofar as their insurance contract stipulates that they are obliged to pay premiums to the insurance company. The world of insurance can be complicated. Subscribe to the Insuranceopedia newsletter and stay in the know!
Access expert content, industry term definitions and answers to your questions from knowledgeable insurance insiders. Arm yourself with what you need to know to keep your assets and your family safe. By: Kaitlyn Kokoska. To top. English Examples. Sign up for free and get access to exclusive content:. Free word lists and quizzes from Cambridge. Tools to create your own word lists and quizzes. Word lists shared by our community of dictionary fans. Sign up now or Log in.
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