Contractual coverage for loss or damage to merchandise while it is being moved.
Insurance Encyclopedia
Transit policy (Property Insurance)
A type of policy that covers property as it is transported between locations.
Transition program (Liability Insurance)
A set of rules within a commercial liability policy. These rules limit adjustments to the maximum and minimum premium amounts due to changes in the rating base.
Transitional bed
Bed in a skilled nursing facility for a patient who does not need intense observation as in an acute care unit. Also see intermediate care .
Transitional care
See: intermediate care .
transitional care center (TCC)
Facility used instead of or before discharge to an extended care facility.
Transitional pass-through payment
Under the Medicare outpatient prospective payment system (OPPS), certain drugs, biologicals, and devices are eligible for payments in addition to the ambulatory payment classification (APC) payment (i.e., the costs are passed through [around] the APC system).
Translator
Under the Health Insurance Portability and Accountability Act (HIPAA), a software tool for accepting an electronic data interchange (EDI) transmission and converting the information into another format or for converting a non-EDI data file into an EDI format for transmission. Also known as EDI translator .
Transparency
A risk proposed for insurance is said to be transparent when full information about it is available.
Transplant
Surgical procedure that involves removing tissue or a functional organ from either a deceased or living individual (donor) and implanting it in a patient (recipient) that needs a functional organ to replace their nonfunctional one. Also called transplant surgery .