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Reference guide

Insurance Glossary

Plain-language definitions of common insurance terms across policies, coverage, and claims. Check your policy or plan documents for the terms that apply to you.

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Terms beginning with Q

Qualified annuity

Life insurance
An annuity held in a qualified retirement plan or individual retirement arrangement, generally funded with pre-tax or tax-deferred assets.

Qualified health plan

Health insurance
A health plan certified to be offered through a Marketplace and to meet applicable Affordable Care Act standards.
Also called: QHP

Qualifying life event

Health insurance
A change such as marriage, birth, or loss of other coverage that may trigger a special health plan enrollment opportunity.
Also called: QLE

Quota share reinsurance

General insurance
Proportional reinsurance in which the insurer and reinsurer share a fixed percentage of premiums and losses.

Quote

General insurance
An estimate of premium and coverage terms based on information supplied to an insurer or agent.
Also called: insurance quote