Glossary
- Third Party Administrator
- An independent organization that provides administrative services including claims processing and underwriting for other entities, such as insurance companies or self-insuring employers.
- TPA
- See Third Party Administrator
- Treaty
- A form of reinsurance contract commonly used to formalise proportional agreements whereby reinsurers pay the same pre-determined amount of each claim as they receive in premium (as opposed to non-proportional or excess of loss).
- WCA
- Workers Compensation.
