Glossary Of Insurance Terms - Ohio Insurance Institute
Glossary Of Insurance Terms - Ohio Insurance Institute
Glossary Of Insurance Terms - Ohio Insurance Institute
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<strong>Glossary</strong> <strong>Of</strong> <strong>Insurance</strong> <strong>Terms</strong><br />
(Rev. 04/07)<br />
T (continued)<br />
Towing Coverage:<br />
Insures against charges for towing and road service at the place of disablement, with a maximum amount stipulated for each occurrence.<br />
Transparency:<br />
A term used to explain the way information on financial matters, such as financial reports and actions of companies or markets, are communicated<br />
so that they are easily understood and frank.<br />
Travel <strong>Insurance</strong>:<br />
<strong>Insurance</strong> to cover problems associated with traveling, generally including trip cancellation due to illness, lost luggage and other incidents.<br />
Treaty Reinsurance:<br />
A general reinsurance agreement between the ceding or primary company and the reinsurer containing the contractual terms under which a<br />
portion or all of the primary company’s business or a particular class is passed on to the reinsurer.<br />
OII <strong>Glossary</strong> <strong>Of</strong> <strong>Insurance</strong> <strong>Terms</strong> 42