Glossary of Terms (Part 6)
January 10th, 2010
SR-22 – A document required by the court for individuals convicted of certain types of traffic violations that shows proof of financial responsibility.
Third party – In an insurance contract, a third party is anyone other than the policyholder and the family members covered under the insurance policy. The policyholder is the first party. The insurance company is the second party in the contract. Anyone else is a third party.