Question
The person other than the insured or insurer who has
incurred losses or is entitled to receive payment due to acts or omissions of the insured is called?Solution
A third party is an individual or entity that is involved in a transaction but is not one of the principals and has a lesser interest. An example of a third party would be the escrow company in a real estate transaction that acts as a neutral agent collecting the documents and money that the buyer and seller exchange when completing the transaction. As another example, if a debtor owes a creditor a sum of money and hasn't been making the scheduled payments, the creditor is likely to hire a third party, a collection agency, to ensure that the debtor honours his agreement.
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In a pipelined CPU design, what is the purpose of the instruction pipeline?
Which layer of the OSI model provides services for file transfer, email, and network management?
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When designing a sequential circuit, what is the purpose of flip-flops or latches?
What is the primary difference between a "Virus" and a "Worm" in the context of cybersecurity?
What is Inter-Process Communication (IPC) in the context of computer systems?
Why classes are known as abstract data types (ADT)?
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