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.
Which of the following species is Indian major carps
In onion, smell occurs due to the presence of?
What is the purpose of AGMARK certification?
Which of the following is known as fertilizer tree?Â
In Stage III of Law of Diminishing marginal returns, the value of Elasticity of production is
What is the term for the process of converting atmospheric nitrogen gas into a form that plants can absorb?
For most of the cereal grains, moisture content for safe storage isÂ
The soils of very cold climates which are defined as containing permafrost within two meters of the soil surface belongs to the order
Which of the following disease occurs due to deficiency of zinc in rice?
Where is the ICAR-Central Institute for Arid Horticulture located?
