Which of the following is NOT included in the definition of 'person' in insurance?

The definition of 'person' in insurance typically encompasses a broad range of entities, including individuals, partnerships, and corporations. These definitions are established to ensure clarity in insurance policies and legal documents regarding who is eligible to hold a policy or make claims.

Individuals are specifically mentioned as they represent single human beings who can enter into contracts, including insurance agreements. Partnerships, which involve two or more individuals working together, are also included because they can own property and enter into contracts. Corporations, as legal entities, are similarly recognized within the insurance framework due to their capacity to own assets and enter into contracts independently of the individuals who own or operate them.

The option that states "only spouses" does not align with the broader definitions used in the insurance context. This narrow definition fails to encompass the various forms of ownership and legal entities that interact with insurance policies. By recognizing only spouses, it limits the scope and fails to uphold the inclusive nature typically present in the insurance industry's terminology regarding 'person.'