What does first party second party and third party mean?
First-party refers to the insured individual, second-party is the insurance provider, and third party is the person towards whom damages are owed by the first-party in an accident. What is the difference between first party second party and third party payer? First-party: The person who purchased and is named on the insurance policy.
What is the history of the second party system?
History of the Second Party System. The Second Party System replaced the First Party System, which existed from roughly 1792 to 1824. The First Party System featured only two national parties: the Federalist Party, led by Alexander Hamilton, and Democratic-Republican Party founded by Anti-Federalist leaders Thomas Jefferson and James Madison.
What is the difference between first and second party certification?
We can also think about third party when it comes to the certification of persons. Remember, first party is the person self-attesting that he or she is competent. Second party is someone related to the person (trainer/instructor/employer) declaring that the person is competent.