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Q
"Q" Schedule
A schedule of the business expenses of a Life insurer required by the New York State Code to be filed to determine compliance with the state's limitation on total expenses. This limitation has the effect of setting a ceiling on commissions.
Quadruple Indemnity
A multiple indemnity form similar to double indemnity and triple indemnity. See also Multiple Indemnity.
Quantity Discount
A premium discount given for the purchase of a policy with a larger face amount. See also Policy Fee.
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