Third party claimant definition

Third party claimant means any individual, corporation, association, partnership, or other legal entity asserting a claim against any individual, corporation, association, partnership, or other legal entity insured under an insurance policy or insurance contract.

Third party claimant means any person asserting a claim against any person under a policy, contract, or certificate of an insurer.

Third party claimant shall have the meaning set forth in Section 8.3.

Examples of Third party claimant in a sentence

• No Policyholder or Third Party Claimant shall have any right of any nature or description under this Agreement to seek to enforce a Claim or otherwise bring an action against the Trustee in respect of any assets of the Trustee or of any assets other than those in the Trust Fund.

• Notwithstanding the foregoing, the Third Party Claimant shall at all times have the right to fully participate in such defense at its own expense directly or through counsel.

• In addition, if a Third Party Notified Party has assumed defense of the Third Party Claim and if a potential or actual conflict of interest shall exist, then the Third Party Claimant shall be entitled to retain one separate legal counsel and submit the fees and expenses of such counsel as part of a Demand pursuant to Section 8.2 or 8.3, as applicable.

• If a Third Party Notified Party chooses not to defend any Third Party Claim by failure to deliver on a timely basis the Election to Defend, the Third Party Claimant may defend against such Third Party Claim and consent to the entry of any judgment or enter into any settlement with respect to the Third Party Claim in any manner it may deem appropriate, and thereafter seek indemnification pursuant to this Article 8 for Losses resulting from such Third Party Claim.

• The Beneficiary shall notify the Guarantor in writing if the Company fails, in whole or in part, to perform a Company Obligation or if a breach of a Company Obligation has occurred or if a claim by a Third Party Claimant has not been satisfied and such notice shall contain a description of such failure to perform, such breach or such claim.

More Definitions of Third party claimant

Third party claimant means any individual, corporation, association, partnership or other legal entity asserting a claim against any other individual, corporation, association, partnership or legal entity.

Third party claimant means a person that is making a claim on an insurance policy in which they are not the insured party.

Third party claimant. ’ or ‘‘ claimant’’ shall mean each person seeking recovery of benefits against an insured under a liability insurance policy or a self-funded liability protection program, fund, or plan, whether for personal injury or wrongful death, or other economic loss, or both including, without limitation, damages resulting from loss of consortium or loss of care, comfort, society and the like resulting from wrongful death.

Third party claimant means a person alleged to have suf- fered property damage requiring corrective action or bodily injury as a direct result of a leak or spill from the heating oil tank of a named insured.

Third party claimant means any person asserting a claim against any person holding insured status under a policy or certificate of an insurer.

Third party claimant has the meaning set forth in Section 7.4(c).

Third party claimant shall have the meaning set forth in Section 10.03(a) hereof.