Is “Policyholder” a Scrabble word?

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Yes
POLICYHOLDER
Valid in at least one Scrabble dictionary

Valid in these dictionaries

SOWPODS / CSW
Scrabble UK & International
Valid
TWL / NWL
Scrabble North America
Valid
Large English Dictionary
General English word list
Unavailable

Meaning of Policyholder

noun
  1. 1.A person who holds an insurance policy, especially the person whose life is insured