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Life Insurance Glossary

"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. (LI)

Quadruple Indemnity.
A multiple indemnity form similar to double indemnity and triple indemnity. See also Multiple Indemnity. (LI)

Quantity Discount.
A premium discount given for the purchase of a policy with a larger face amount. See also Policy Fee. (LI)
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