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Qatar Insurance Group (QIC, QIC Group) is a Qatari insurance company, headquartered in Doha. [1] [2] QIC Group was listed 73rd on Forbes Middle East top 100 companies in 2022 [3] and 72nd on the Fortune 500 Arabia list for 2023. [4] QIC was established in 1964 as the first domestic insurance company in Qatar. [5]
QIC may refer to: QIC-United Evangelical Church (Qua Iboe Church), a Christian denomination in Nigeria; Quarter-inch cartridge, a magnetic tape data storage format; Queensland Investment Corporation, an investment fund operated by the state government of Queensland; Qatar Insurance Company, a Qatari insurance company
QIC (Queensland Investment Corporation) is a Government owned investment company owned by the Queensland Government. It was founded on 1 July 1991 pursuant to the Queensland Investment Corporation Act 1991 to serve the long-term investment responsibilities of the Queensland Government. [ 1 ]
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Although the 4 out of 7 test was exploited in the 1980s by businesses seeking to in effect pay for insurance on employees/shareholders, e.g., on a deductible basis, the introduction of the US$50,000 cap/insured in 1986 in turn led to the creation of broad-based leveraged COLI transactions, i.e., those in which the employer would purchase life ...
The insurance company aims to distribute part of its profit to the with-profits policy holders in the form of a bonus (Commonwealth) or dividend (USA) attached to their policy (see the bonus section). The bonus rate is decided after considering a variety of factors such as the return on the underlying assets, the level of bonuses declared in ...
A mutual insurance company is an insurance company owned entirely by its policyholders. It is a form of consumers' co-operative . Any profits earned by a mutual insurance company are either retained within the company or rebated to policyholders in the form of dividend distributions or reduced future premiums.
An owner controlled insurance program (OCIP) is an insurance policy held by a property owner during the construction or renovation of a property, which is typically designed to cover virtually all liability and loss arising from the construction project (subject to the usual exclusions).