According to insurance parties, who is considered the 1st party?

In the context of insurance terminology, the first party typically refers to the entity that is directly involved in the insurance contract. This is usually the insured individual or entity that holds the policy.

Choosing the response that identifies the "1st Insurance" indicates that it serves as a representation of the insured party within the framework of an insurance agreement. The first party is crucial as they are the ones who seek coverage and pay premiums to the insurer.

Other options might refer to different roles in the insurance ecosystem. The injured person may represent a third party seeking a claim against the insured party. The term "2nd User" is not a standard concept in insurance terminology, and "Insurance Broker" refers to a third party who acts as an intermediary between the insured and the insurer but does not hold the insurance policy themselves.

Therefore, identifying the first party as the "1st Insurance" accurately aligns with the understanding of the roles within an insurance contract, emphasizing the insured's position as the primary entity engaging with the insurance provider.