A solar array consists of one or many such panels. A photovoltaic array, or solar array, is a linked collection of solar panels. The power that one module can produce is seldom enough to meet requirements of a home or a business, so the modules are linked together to form an array.
The policy owner is the contract owner and is, in many cases, also the life insured. The policy owner has most of the rights in the contract such as the right to designate a named beneficiary and make changes to that designation at any time.
Policy loan-An advance made by a life insurance company to a policy owner. The advance is secured by the cash value of the policy. Policy owner-The person or party who owns an individual insurance policy. This person may be the insured, the beneficiary, or another person.The policy owner usually is the one who pays the premium and is the only person who may make changes to a policy.olicy owner-The person or party who owns an individual insurance policy. This person may be the insured, the beneficiary, or another person. The policy owner usually is the one who pays the premium and is the only person who may make changes to a policy.