Who must sign a rider attached to a health insurance policy in order for it to be valid?

The validity of a rider attached to a health insurance policy hinges on the necessary endorsements from specific parties. When considering the role of the insured and producer, it is essential to note that both parties must sign the rider to ensure it is binding and enforceable. The insured's signature signifies that they agree to the terms outlined in the rider, which may modify their initial coverage or add new benefits. Meanwhile, the producer’s signature represents the brokerage's acknowledgment and facilitation of the rider's inclusion in the policy.

Understanding the relationship between these parties is crucial; while the insurer (insurance company) is ultimately responsible for honoring the policy, the involvement of both the insured and producer in the signing process is what solidifies the rider's legitimacy. This collaborative process helps maintain transparency and accountability, ensuring that all relevant parties consent to the changes being made to the original insurance contract.

In contrast, other possible combinations of signatories such as the insurer and policyholder or only the producer do not encompass all necessary endorsements or may misrepresent the agreement's binding nature. Therefore, the correct arrangement of signatories requires involvement from both the insured and producer for the rider to be considered valid.