A Study on Problems of the Third Part in Liability Insurance
Qiang Xiao
Abstract
Qiang Xiao
Abstract
As a kind of insurance developing from the common property insurance,the liability insurance has many specialties comparing with the common insurance.However, the remarkable specialty of the liability insurance undoubtedly is its character of the third party.The liability insurance exists on the basis of compensation claim of the third party to the insurant,if the insurant has no compensation liability,there is no third party and there is no the liability insurance.So researching the problems to protect the benefits of the third part has the important realistic significance.
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As a kind of insurance developing from the common property insurance,the liability insurance has many specialties comparing with the common insurance.However, the remarkable specialty of the liability insurance undoubtedly is its character of the third party.The liability insurance exists on the basis of compensation claim of the third party to the insurant,if the insurant has no compensation liability,there is no third party and there is no the liability insurance.So researching the problems to protect the benefits of the third part has the important realistic significance.
Key concepts: Liability insurance, Liability, Third party, Business, Compensation (psychology), Actuarial science, Casualty insurance, Insurance policy