DuckCorp Dico

Found one definition

1.                 From WordNet (r) 3.0 (2006):
                   
   
   
                   
                     
   insured
       adj 1: covered by insurance; "an insured risk"; "all members of
              the film cast and crew are insured" [ant: uninsured]
       n 1: a person whose interests are protected by an insurance
            policy; a person who contracts for an insurance policy that
            indemnifies him against loss of property or life or health
            etc. [syn: insured, insured person]