What is the definition of First-party insurance? | Dictionary.net

FIRST-PARTY INSURANCE

\fˈɜːstpˈɑːti ɪnʃˈʊ͡əɹəns], \fˈɜːstpˈɑːti ɪnʃˈʊ‍əɹəns], \f_ˈɜː_s_t_p_ˈɑː_t_i_ ɪ_n_ʃ_ˈʊə_ɹ_ə_n_s]\

Definitions of FIRST-PARTY INSURANCE

1910 - Black's Law Dictionary (2nd edition)

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Insurance that pays the insured for an accident and damages that occur no matter who caused it. Refer to third party insurance.

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

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