Learn about the trust and commission clause in property insurance policies. Discover how this clause allows individuals to insure their share of another's property, and understand its significance.
Learn how Tuition Fees Insurance safeguards schools from financial losses due to unforeseen closures, ensuring tuition fees are protected similar to business interruption insurance.
Learn about the concept of 'Target Risk' in general insurance, which encompasses the prospective policyholders divided by race, age, sex, and other demographics. Explore its importance in the insurance industry.
Learn about the concept of Tax Basis in pensions, including its role in qualified plans and how it affects taxation.
Explore the concept of total disability in health insurance, a condition that prevents the insured from working in any capacity due to injury or medical condition. Learn how it varies across policies.
Explore what Total Loss means in general insurance. Learn how it's defined and its implications on insurance claims when property is completely destroyed.
Learn what a Transition Program is in Commercial Liability Insurance, including how it limits adjustments to premium amounts due to changes in the rating base.
Discover the role of a Third Party Administrator (TPA) in administrating life and health insurance policies for employers. Learn how TPAs facilitate communication between employers and insurers, process claims, and determine eligibility.
Learn about Testamentary Transfer, the legal distribution of a deceased person’s estate as specified in their will. Understand the essentials of how assets are passed on according to a testator's wishes.
Learn about theft in the criminal justice context, encompassing all forms of stealing such as robbery and burglary. Get insights into the definitions, differences, and legal implications of theft-related crimes.
