Four days in the year once linked to the renewal of annual policies and other transactions. Fire and accident insurers extended the first period of annual insurances to the nearest quarter day. In England and Ireland – Ladyday (25 March); Midsummer (24 June); Michaelmas (29 September); Christmas (25 December). In Scotland: Candlemas (2 February); Whitsun (15 May); Lammas (1 August); Martinmas (11 November).
Insurance Encyclopedia
quarters of coverage (QC)
See: credits, Social Security .
Quasi Contract
A legal doctrine for situations in which there is no specifically drawn contract. It prevents unjust enrichment or injustice by treating the situation as if a contract actually had been in effect.
Quasi-contract (Legal Terminology)
A legal concept used in situations where an actual written contract does not exist. The concept holds that the sitation must be decided as though a contract did exist.
Quasi-insurance institutions
An institution, usually created by the government, that acts in the same manner that an insurance company usually would.
Quay to Quay
The period of cover given under a Marine cargo policy which attaches as the goods are lifted from the quay at the port of loading and terminates when they are freed from the ship’s tackle or landed from craft at the port of destination
Queen’s Counsel Clause
A professional indemnity clause whereby the insurer agrees to pay any claim without requiring the insured to contest it unless a QC advises that it can probably be successfully defended.
Query
Request from an insurance company for additional information about a patient.
Question of liability admissible for Disputes
Disputes relating to question liability are to be settled through litigation. for example, if the Insurers contend that the loss is not payable because it is not covered under the Policy the matter has to be decided by a court of law. Against, if the Insurers refuse to pay the claim on the ground that the Policy is void because it was obtained through fraudulent non-disclosure of material facts (breach of legal duty of ‘utmost good faith’) the issue has to be resolved through litigation.
Questionable covered procedures
Under the Medicare program, medical procedures that may be a benefit depending on the medical situation. When a procedure listed in Medicare’s Outpatient Code Editor is billed, the insurance company must conduct a medical review of the claim to make a decision on payment. Formerly called development needed procedures .