TECHNICAL RISKS INSURANCE - a combination of insurance types that includes insurance coverage for construction and installation risks, machinery breakdown insurance, electronic and mobile equipment insurance, and engineering structures insurance.

TRAVEL INSURANCE - it is mandatory and provided by entities engaged in tourist activities based on agreements with licensed insurance companies. Travel insurance covers medical expenses in case of accidents.

THIRD PARTY LIABILITY INSURANCE - insurance in which the insurer undertakes to pay the insured amounts claimed from the insured in accordance with the law and within the insured's legal liability to third parties.

TECHNICAL RESERVES - the aggregate of reserves for unearned premiums (by types of insurance) and reserves for losses. Technical reserves are formed by insurers engaged in non-life insurance to ensure future payments of insurance sums and claims.

TRANSPORT INSURANCE - a general term for insurance covering all types of transportation risks. Transport insurance can cover both the transportation vehicles themselves, as well as the insurance of cargo and the liability of carriers towards third parties, including passengers.

THIRD PARTY - the state, legal or natural person who is not the policyholder or their employee, a member of their family (if the policyholder is a natural person), or a person who is part of the policyholder's management bodies, whose property, life, and/or health has suffered damage as a result of the policyholder's actions or inactions.