GLOSSARY OF INSURANCE TERMS
     
 
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Qualified Annuity
A figure of allowance purchased with pretax dollars as division of a withdrawal plan that profit from special tax conduct. An income that is sold as element of a tax capable plan or company allowance plan.

Qualified Impairment Insurance
A shape of substandard or particular class insurance that limits benefits for an insured person's exacting order.

Quota Share Reinsurance
Reinsurance in which the insurer ceded an approved fixed profit of liabilities, finests, and losses for each strategy covered on a pro rata foundation.