Who is authorized to cancel a commercial package policy in writing and make changes with the insurer's consent?

The first-named insured is the individual or entity listed first on a commercial package policy and holds specific rights and responsibilities. This designation comes with the authority to cancel the policy in writing and make changes to it, provided these changes are accepted by the insurer. The reasoning behind this is tied to the structure of insurance policies where the first-named insured often represents the primary interest of the partnership or corporation and is generally understood to have the authority to act on behalf of all insured parties.

In contrast, other roles such as the insurer's agent typically represent the insurance company rather than the policyholders, thus they do not have the authority to authorize cancellations or changes to the policy. Co-insured individuals may share in the benefits of the policy but are not the primary contact for making policy changes or cancellations. Lastly, the term policyowner can be broader and may not necessarily refer to the individual authorized to execute changes or cancellations unless it clearly states that they are the first-named insured. Therefore, the first-named insured is recognized as the correct answer due to their authority under the policy.