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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

Time element coverage

Insurance in which the element of time has heavy bearing on the extent of loss. Business income insurance covers loss of income for the unknown duration of the insured’s business interruption.

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