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Explanation of Terms

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There are currently 4 terms in this directory beginning with the letter T.
Target Loss Ratio (TLR)
This represents the percentage of the paid premium that will be actually used to pay claims. The difference represents the amount that the insurer needs for expenses.

If the employer pays any portion of disability premium, then disability benefits will be subject to tax.

Trend Factor
Expected increase in claims consumption due to inflation and increased costs.

Trillium Drug Program
A program provided by the province of Ontario to help people who have high drug costs in relation to their income.

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