Glossary

Title VII of the Civil Rights Act of 1964 is a law prohibiting discrimination by private sector employers.

Tolling a statute of limitations occurs when a time period during which a statute of limitations for bringing a specific type of legal action is temporarily stopped from running.

Tontine is a pooling arrangement involving a group of people whereby dividends are paid to all individuals still living after a specified time period has elapsed at the expense of those who have died.

Tool and die floater is inland marine coverage on metal molds and specialized tools needed to produce a customized metal part or housing.

A tort is a civil or private wrong giving rise to legal liability.

A tortfeasor is a party accused of committing a tort; customarily, the defendant in a liability lawsuit.

In auto no-fault insurance, tort threshold measures of the minimum injury severity that, once reached, allows the insured to sue for noneconomic damages.

Total disability, as defined in a disability income policy, determines the liability of the insurer.

Total insurable value is a property insurance term referring to the sum of the full value of the insured's covered property, business income values, and any other covered property interests.

The total insured value provision in reinsurance agreements excludes coverage of individual properties in cases where total insured values across all property lines equal or exceed a certain level.