A term used to describe all forms of stealing, including robbery and burglary.
Insurance Encyclopedia
Theft Act 1968
An Act that changed the legal definitions set out in the Larceny Act 1916. The new definitions caused insurers to adopt their own definitions of ‘theft’ rather than import definitions from the Act. See FORCIBLE AND VIOLENT MEANS.
Theft for Auto Insurance
Theft claims (a) opportunistic theft generally represented by cars recovered relatively intact or with impact damage (b) non genuine or fraudulent theft claims represented by those vehicles recovered burnt out, submerged, certain impact damage and some unrecovered vehicles burnt accompanied by other factors. (c) Professional theft represented by cars recovered stripped or not recovered at all.
Theft for Damages in Transit
A large variety of consumer items are attractive to thieves, particularly items which are small in bulk but high in value. Theft is said to occur when contents of a package are short or missing following tampering of the package or theft of the package. Theft risk is increased by consumption and easy marketability of the goods.
Theft Recovery for Auto Insurance
A theft recovery vehicle is any vehicle that has been stolen from its owners no matter what happens to the vehicle once it has been stolen. The vehicle could be involved in an accident, stripped for parts, be sold overseas, or found in mint condition, but it will still be considered a theft recovery vehicle. Upon recovery the insurer auctions off the recovered vehicle to recover as much of their money as they can.
Theft, disappearance, and destruction coverage form (Criminal)
Commercial crime form that covers the loss of money or securities due to theft, disappearance, or destruction.
Theory of probability
A mathematical theory that serves as the basis for insurance.
***
The mathematical principle upon which insurance is based.
Therapeutic
1. Pertaining to a treatment. 2. Beneficial.
Therapeutic Alternatives
Alternate drug products which may be different in chemical content, but provide the same effect when administered to patients.
Therapeutic alternatives (Health Insurance)
Alternatives to certain drugs that have a different chemical makeup, but provide the same result when given to patients.