Third Party

Persons who are not partiesThose entities taking part in a transaction as a principal, e.g., seller, buyer, or lender in a real estate transaction. to a contractThe formal legal document, also known as the "policy" that describes the agreement between the policyholder which affects an interestThis is the amount that is imposed when payment is remitted after the due date. they have in the object of the contract.

Third Party

The claimantThe person or party making a formal request for payment of benefits due under the terms of an insurance contract. under a LiabilityThis coverage will pay for BODILY INJURY and/or PROPERTY DAMAGE to the OTHER party for which you become PolicyThe written contract of insurance.. So calledAnother term for exercised when an option is a call. In the case of an option on a physical, the writer because the personAn individual, corporation, partnership, Limited Liability Company or other legal entity. (REF CGS §38a-1(14)). making the claimNotice to an insurer that under the terms of a policy, a loss maybe covered. is not one of the two partiesThose entities taking part in a transaction as a principal, e.g., seller, buyer, or lender in a real estate transaction., InsuredThe policyholder - the person(s) protected in case of a loss or claim. and insurerThe insurance company., to the insuranceSee "property insurance;" "private mortgage insurance;" "insured mortgage;" "title insurance." contractThe formal legal document, also known as the "policy" that describes the agreement between the policyholder.