Glossary

The Terrorism Risk Insurance Act of 2002 is federal legislation enacted to guarantee the availability of insurance coverage against acts of international terrorism.

The Terrorism Risk Insurance Extension Act was federal legislation extending the Terrorism Risk Insurance Act (TRIA) through December 31, 2007.

Passed in December 2007, the Terrorism Risk Insurance Program Reauthorization Act reauthorized through 2014 the federal terrorism insurance backstop originally established under the Terrorism Risk Insurance Act of 2002 and extended under the Terrorism Risk Insurance Extension Act of 2005, with some changes.

Passed in January 2015, after a delay when the outgoing Congress failed to reauthorize the Terrorism Risk Insurance Act (TRIA) in the last days of the 2014 legislative session, the Terrorism Risk Insurance Program Reauthorization Act of 2015 extended TRIA through December 31, 2020.

The tertiary beneficiary is the third beneficiary in line to receive life insurance proceeds.

Testing coverage is for the testing of newly installed machinery or equipment as well as overhauling engines.

A test modifier is an experience modifier calculated by or on behalf of the insured to estimate what the actual modifier will be when calculated by the National Council on Compensation Insurance (NCCI) or other rating bureau.

Tetrahydrocannabinol (THC) is a constituent of the plant Cannabis sativa L. responsible for the "high" associated with cannabis consumption. THC may be naturally occurring or synthetic.

That particular part is a key phrase in the property damage exclusion of general liability and some umbrella coverage forms that eliminates coverage for damage to work performed by (or on behalf of) an insured contractor that arises from that work.

Theft, Disappearance, and Destruction of Money and Securities Coverage Form C (CR 00 04) insures against loss by theft, disappearance, or destruction of the insured's money and securities inside the insured's premises (or insured's bank's premises) as well as outside the insured's premises while in the custody of a messenger.