third party

(redirected from third-party administrator)
Also found in: Dictionary, Thesaurus, Medical, Encyclopedia, Wikipedia.

Third Party

A generic legal term for any individual who does not have a direct connection with a legal transaction but who might be affected by it.

A third-party beneficiary is an individual for whose benefit a contract is created even though that person is a stranger to both the agreement and the consideration. Such an individual can usually bring suit to enforce the contract or promise made for his or her benefit.

A third-party action is another name for the procedural device of Impleader, which is used in a civil action by a defendant who wants to bring a third party into a lawsuit because that party will ultimately be liable for all, or part of, the damages that may be awarded to the plaintiff.

third party

n. a person who is not a party to a contract or a transaction, but has an involvement (such as a buyer from one of the parties, was present when the agreement was signed, or made an offer that was rejected). The third party normally has no legal rights in the matter, unless the contract was made for the third party's benefit.

third party

a party who is a stranger to a transaction or proceeding between two other persons.
References in periodicals archive ?
Consolidation of Third-Party Administrators Continues With Sedgwick's Purchase of York
Q: How does the presence of the older workforce affect the third-party administrator industry and are you having trouble recruiting qualified talent as the baby boomers retire?
But those statutes do not place similar requirements on third-party administrators, the Supreme Court said.
* Network with pension managers and third-party administrators.
Industry representatives have argued that they were being held hostage by third-party administrators who are slow to reimburse stores; command lower prices for prescriptions, thereby cutting into chains' already shrinking profit margins; and require retail pharmacists to go through complicated paperwork and computer networks to obtain the necessary approvals for prescriptions.
Ascensus is an independent recordkeeping services provider, third-party administrator and government savings facilitator in the United States.
This collaboration would let Symbility Health's existing third-party administrator network to construct their businesses with another carrier through providing delivering both self-insured and fully insured plans.
Dan Parker has been promoted to executive vice president of third-party administrator operations for CenBen USA of Columbus, Ohio.
Flex-Plan Services, Inc., www.flex.plan.com Third-party administrator of cafeteria and other benefit plans.
In this type of arrangement, the managed mental health care company must be concerned with potential licensure or certification issues under state third-party administrator statutes.
27 March 2019 - US-based recordkeeping services provider, third-party administrator, and government savings facilitator Ascensus has entered into an agreement to acquire Wrangle, the provider of health and welfare form 5500 preparation and related ERISA compliance services, the company said.