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Third-Party: The person making a claim against another’s insurance policy. In car insurance, third-party liability insurance is required in almost every state, and it only applies when the policyholder causes an accident.
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    If you're in a car accident that someone else.

  • Third-party billing is a process where another company handles all invoicing and payment processes between a company and its customers and vendors.

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    Jul 22, 2020 · An additional insured is a third party that is added to an insurance policy by way of an endorsement.

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