Peril that has to be interpreted against the backdrop of qualifying words. The insured must show that his loss was caused by the peril as qualified. The standard fire policy contains qualified perils – fire is covered only if not occasioned by or happening through, riot and civil commotion. An insured must therefore show that his fire damage was ‘fire damage not caused by riot or civil commotion’. See ONUS OF PROOF.

A life insurance policy certified by the Inland Revenue as complying with the ‘Qualifying Policy Regulations’. Proceeds on maturity or death will be tax exempt.

Length of time an employee has to work for an employer before becoming eligible to join the employer’s pension scheme. Also refers to the service to be taken into account to entitle a member to a ‘short service benefit.

A year when somebody has paid national insurance every week. If necessary an individual can clear any arrears by a single payment. No payment is required in respect of weeks credited to persons in receipt of social security benefits.