loss payeeglossary / LOSS PAYEE loss payee. Insurance. A person or entity named in an insurance policy (under a loss-payable clause) to be paid if the insured property suffers a loss. [Cases: Insurance 3450. C.J.S. Insurance §§ 1404, 1520.] 词条贡献者 资深译员Gianluca,毕业于亚洲顶尖的高级翻译学院,专注翻译各种与清洁与可再生能源有关的法律文件。