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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

Transfer of risk

A basic underlying principle of insurance, whereby the risk of financial loss is transferred from one party to another.

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