Islamic form of insurance where participants come together to share risk on a co- operative basis in a manner that does not contravene Shari’a law. May be mutual, but some more complex non-mutual varieties exist.
Insurance Encyclopedia
Take Down
Making an entry for accounting purposes in relation to a premium or claim.
Take note
A document issued in facultative reinsurance by a reinsurer indicating acceptance of a risk offered in the request note submitted by a cedant.
Tally Sheet
List of cargo, incoming and outgoing, checked by Tally clerk on dock.
Tamilnadu (India) Chief Ministers Comprehensive Health Insurance Scheme
The scheme is launched to ensure access of quality medical care to the marginalized families of Tamilnadu and coves as many as 946 procedures that includes 23 diagnostic procedures and 130 follow up packages. The scheme covers Rs. 1 lac per family floater (for certain specified procedure it can be Rs. 1.5 lacs). The scheme provides for treatment only through listed hospitals for both medical and surgical interventions.
Tangible Property
Property that, by its nature, is susceptible to the sense. Generally, land, fixed improvements, furnishings, merchandise, cash and other items of capital used in carrying on an enterprise.
Tanker Bitumen for Motor
Very special inbuilt feature. Bitumen will be solid in form in normal condition. This material has to be semi solid form for it to flow for loading and unloading. The hot bitumen in semi-solid form is loaded. The tanks are fitted with a furnace to heat the bitumen inside the tank enabling it to become semi solid form to flow out for unloading. Insulation is done around the tank to maintain its temperature inside the tank. The insulating material is covered by sheet metals.
Tanker for Motor
Classified under Class A-4. Tankers are used for transit of non-solid goods viz., Liquids like water, milk, edible oils, petroleum goods, chemicals, bitumen etc and as gases in liquid form like LPG Oxygen, Nitrogen etc. Tankers are built in the truck itself or as trailer depending on the capacity and its usage. The tankers are manufactured depending on the products, capacity and the law governing the particular product.
Tanker Milk or Chemicals for Motor
Used for transportation of milk and is constructed in stainless steel and few of them are of refrigerated ones. The chemical carrying tanks will be lined with FRP, Glass, Rubber, Plastic etc., depending on the individual chemical and some of them are also insulated.
Tanker Water for Motor
Used for transportation of water and is the simplest and either rectangle or elliptical with/without full/half baffle plates need no calibration. Tankers used for transportation of petroleum products are governed by various acts viz., Explosive act, Weight and Measures Act (subject to calibration annually), general of 12 KL or approx. 9.6 MT CAPACITY. Tanks usually have three or four compartments and their front and rear end and cover are called as Dish ends, where parturition sheets used are called Baffles mainly to meant to reduce the oscillation of liquid. The loading is done by gravity feed method for majority of the goods such as kerosene, petrol, diesel and edible oil. The inlet for tankers carrying these type of goods will be normally on top of every compartment. There are goods loaded only by pressurized flow. These goods will be loaded only through ports filled at the bottom of the tanks, ex., LPG. The outlets) of gravitational fed loads are provided at the bottom of the tanks. The control of outflow will be done by gate valves. A special feature is provided in the petroleum carrier. A special shut of valve arrangement is provided for emergency purposes.