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Legal Definitions - person of incidence

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Definition of person of incidence

A person of incidence is the person against whom a right is enforceable or a person who owes a legal duty. This term can also include entities such as insurance companies.

For example, if someone is injured in a car accident, the person of incidence would be the driver who caused the accident. The injured person has the right to seek compensation from the person of incidence for their injuries.

Another example would be an insurance company that owes a legal duty to provide coverage to their policyholders. The insurance company would be considered a person of incidence in this case.

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Simple Definition

A person of incidence is someone who has a legal duty or owes something to someone else. This can be a human being or a company. It's like when you owe your friend money, you become their person of incidence. It's important to keep track of who owes what to whom so that everyone can be treated fairly.
person not deceased | person of inherence Read a random term: nonadmitted asset

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