Quarter Horses owe their breed name from their ability to run a fast quarter mile. However, while Quarter Horses are great sprinters they are not so good at longer distances. They don't have the running stamina to race over a ten furlong course (about 2 km or 1 1/8 m) like their Thoroughbred counterparts.
(1) a policy record for each insurance contract or policy for six calendar years after the date the policy is no longer in force or until after the filing of the report on examination in which the record was subject to review, whichever is longer.
The period of time that an insurance policy provides coverage. Most policies have a one year term (365 days) but many other policies also have a 6 month term. Policy terms can be for any length of time and can be for a short period when the period of risk is also short. Policy terms can also be for a multi-year period.