Term |
Definition |
Qualified Impairment Insurance |
A rider on a health insurance plan eliminating a policy exclusion for an impairment, making the impairment acceptable or "qualified" with respect to insurance coverage. |
Quota Share Reinsurance |
A form of pro rata reinsurance where the reinsurer assumes an agreed percentage of each insurance policy being insured and shares all premiums and losses accordingly with the reinsured. |
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