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     Glossary of insurance terms…
 
 
 
Q
 

 

Quasi-Insurance Institutions:
A term sometimes applied to government institutions created to carry out social insurance arrangements that have some, but not all, the characteristics of insurers: An example is the United States Department of Health, Education, and Welfare:

Quick Assets:
Assets that are quickly convertible into cash:

Quid Pro Quo:
Latin for "this for that," or "one thing for another:" In insurance it could refer to the consideration in an insurance contract which calls for the exchange of values by both parties to the contract in order for it to be a valid contract: See also Consideration:

 
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