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GLOSSARY

 GLOSSARY TERMS by Alpha
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Tail coverage
Temporary worker
Term
Term Insurance
Term Life Insurance
Tertiary beneficiary
Third party
Threshold level
Tight market
Time element coverage
Title insurance
Tort
TPA - Third party administrator
Trailer interchange agreement
Transfer of risk
Transit Coverage
Treaty reinsurance
Twisting

Twisting

The practice of inducing by misrepresentation, or inaccurate or in-complete comparison, a policyholder in one company to lapse, forfeit or surrender his insurance for the purpose of taking out a policy in another company.

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