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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
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Tort
TPA - Third party administrator
Trailer interchange agreement
Transfer of risk
Transit Coverage
Treaty reinsurance
Twisting

Treaty reinsurance

An agreement in which the ceding company agrees in advance to cede certain classes of business or types of insurance to a reinsurance company. The reinsurer agrees to accept all risks or losses that fall within the terms of the agreement.

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