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Third Party Liability

Insurance Term

A liability owed to a claimant (third party) who is not one of the two parties to the insurance contract. Insured liability claims are referred to as third-party claims.

   
     
Related Insurance Terms
                     
                     
 Accident Year   Case Reserves   Commercial Multi Peril Policies  
 Admitted Insurer   Casualty Insurance   Commutation Agreement  
 Annuity   Catastrophe Insurance   Deductible  
 Assigned Risk Pools   Catastrophe Loss   Deferred Acquisition Costs  
 Assumed Reinsurance   Catastrophe Reinsurance   Deficiency  
 Average Value Analysis   Cede, Ceding Company   Direct Written Premiums  
 Bornhuetter-Ferguson Method   Ceded Reinsurance   Earned Premiums or Premiums Earned  
 Capacity Insurance   Claim   Excess Liability  
 Captive   Claims And Claim Adjustment Expenses   Excess of Loss Reinsurance  
 Case Incurred Development Method   Cohort   Facultative Reinsurance  
               
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