Page 24 - Insurance Glossary 100 Terms - Sashi Publications

TPA (Third Party Administrator): An

intermediary between the insurer and the

insured in health insurance.

Term Insurance: A life insurance policy that

provides coverage for a fixed period.

Third-Party Insurance: Covers damages

caused to a third party by the insured.

Underinsured: Having insurance coverage

that is insufficient to cover potential losses.

Underwriting: The process by which

insurers evaluate the risk and decide on the

terms of the insurance policy.