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.
A life insurance policyowner has the right to control the economic benefits of the policy. The owner can have outright ownership of the policy or just incidents of ownership. Policy ownership includes: 1  The right to transfer ownership rights. 2  The right to change certain policy provisions. 3  The right to surrender or cancel the policy. 4  The right to pledge the policy for a loan or to borrow against its cash value.