QolaQ Foundation, established under the laws of the Cook Islands, is the administrator of the QolaQ blockchain mutual aid platform (“QolaQ”).
QolaQ is the first Web3, Member-driven mutual aid platform (the “MAP”) utilizing distributed ledger technology via smart contracts to empower its Members to share risks, as well as enable them to participate directly in the governance and decision-making process.
Please note that Programs offered by QolaQ via the MAP are not insurance Programs. QolaQ provides its Programs to enable Members participating in the MAP to suppor teach other in times of need, such as in the event of a critical illnesses or loss of life (the “Programs”). Programs via the MAP may not be immediately available and there maybe future additions or changes to the Programs offered by QolaQ. Should there be revisions to the Programs developed by QolaQ, these T&Cs may be updated.
These T&Cs shall constitute the binding document between and among the Members ofthe Mutual Aid Platform. The activities related to the MAP shall be interpreted generally pursuant to the laws of the Cook Islands. Any dispute concerning such activities occurring on the MAP shall be referred to for binding arbitration in either the Cook Islands or such domicile designated as by QolaQ.
For the avoidance of doubt, QolaQ is the administrator of the MAP, and QolaQ is not a Member of the MAP; therefore, neither QolaQ nor any of its Associated Parties shall beheld liable to any Members for any reason, including but not limited to any claim, loss, liability, fine, penalty, damages, tax, cost expense, fee, suit, judgment, proceeding, order or other sanction that may arise from the activities of the MAP or QolaQ involving any Member
Administrator means the QolaQ Foundation, an international foundation registered in the Cook Islands, which oversees the activities of the MAP.
Administration Contribution is the amount the Administrator charges the Members for running and operating the MAP. This amount shall be determined by the Administrator for each Program and is subject to change at any time based on the determination of the Administrator.
AML/CFT Check means the anti-money laundering and counter-financing of terrorism procedures instituted by the MAP.
Associated Parties means the Company, the Administrator, all their affliates,and their collective past, present, or future ocers, directors, managers,employees, agents, advisors or consultants, or any other related person.
Beneficiary means a person authorized and designated by a Member to receive a Payout from the Life Program.
Claim means a submission for a Payout benefit by a Member based on a Program that the Member joined.
Claim Payout means the amount the Claimant shall receive when a Claim is approved by the Members.
Claim Scorer means an individual or organization engaged by the Company or the Administrator with knowledge and experience to review Claim ssubmitted via the Programs.
Company means QolaQ Corporation, established under the laws of Wyoming, United States.
Contribution means specific amounts of Tokens that a Member has to transfer to the Pool.
Final Payout Amount means the Payout added with the Administration Contribution.
KYC means “Know Your Customer” procedures to check the originality, validity, and/or conformity of the identity submitted by an individual to the MAP.
MAP means “Mutual Aid Platform” the blockchain-based mutual aid platform provided and administered by the Administrator and made accessible to the Members.
Member means the purchaser of Tokens who registers successfully on the MAP andopts in to be a part of any Programs available.
Member Wallet Balance means the balance of QLQ Tokens owned by a Member in the Member’s QLQ wallet.
Member’s Pool Balance means the balance of QLQ Tokens owned by a Member in a Pool.
Mutual Aid Pool or Pool means a Contribution pool managed and administered by the Administrator.
QolaQ means the QolaQ Foundation, an international foundation, established under the laws of the Cook Islands..
QLQ Tokens or Token(s) means the Token issued by QolaQ, which enables Members to participate in QolaQ’s MAP by utilizing QolaQ’s MAP smart contracts, ensuring secure transactions without relying on intermediaries.
Payout means the process of payment for a Claim made by a Claimant after the Claim is adjudicated and processed through the decision-making phase, as described in Clause 7 here in.
Program means various Programs made available by the MAP for the Members to participate.
Voters means an eligible Member who can participate in deciding on the approval or disapproval of a Payout pursuant to an approved Claim.
Voting Right means the right to agree or disagree with a matter to be decided by the Members via various Programs.
Any individual registering as a Member is subject to verification procedures as determined by the Administrator. For example, the Administrator intends to check whether or not an individual is listed under the United Nations Sanction list.
From time-to-time, the Administrator shall set the level of the initial Contribution amount required regarding the Program to any individual registering as a Member. Such current amounts may be found in this T&C or on the FAQ. This initial Contribution will be paid from the “Member Wallet Balance”. The Administrator intends to assess each Member Wallet Balance for contributions to the MAP, including but not limited to the Member’s registrationfee and initial Contribution. Any payments assessed to a Member’s Member Wallet Balance are intended to be tracked in each Member’s dashboard. Any Contribution made by a Member to the Pool shall be acknowledged as a “Member’s Pool Balance.” The Administrator intends to assess Member’s PoolBalance for various contributions related to the MAP and the Programs, including but not limited to the Administration Contribution and Claim Payouts(Section 8).
- Simple Critical Illnesses; The Simple Critical Illnesses Program covers nine (9) critical illnesseses, as specified in Annex 1 herein (“Ailments”).
- Life; The Life Program covers the death of a Member.
- Doctor diagnosis or resume of disease issued and signed by the attending doctor.
- Relevant tests and screening documents issued and signed by the attending doctor.
- Death certificate issued by the relevant government institution;
- Doctor statement indicating the cause of death and time of death; and (1) In the case that a doctor’s statement is impossible to obtain due to lack of access to a medical facility, a signed form can be submitted in its place that will be legally binding; and (2) Such a form will be downloadable from QolaQ’s website. However, a doctor’s statement is preferred and a submission of this form as a replacement will deduct points for claim submission approval.
- If accidents or any criminal actions are the cause of death, a police report must also be
The Claim Scorer shall attribute a numerical value for each criteria component as referenced in Clause 5.F below (the “Score”) and calculate an average of each of these values for the Claim (the “Claim Score”). For the avoidance of doubt, the Score shall be based on the value for each criterion, and the average value shall be the Claim Score.
The Claim Score may also include a summary of the review of the Claim documentation (the “Summary”).
- Believability and normality of the Claim case;
- Pre-existing conditions (conditions that existed before the Memberjoined the MAP);
- Documentation provided; and
- Additional factors, such as acts or causes (e.g., self-inflicted), may also act the Claim's viability.
- Blacklisted doctor/hospital;
- Incomplete/missing documents
- Fabricated or unbelievable medical results or history; or
- All Pre-existing Conditions or conditions that precede Member joining the MAP, including the following factors:
- Self-inflicted crime, capital punishment by the court;
- High-risk exposure, i.e., a job with a high hazard orextreme activities;
- Potential bad life habits including drugs, alcoholism;
- Medication/treatments that medical professionals have not prescribed; or
- existence of other medical conditions.
When becoming an eligible Voter, such Voter shall set a voting threshold (“Voting Threshold”) of preferences related to making a decision of accepting or rejecting a Claim submission. The claimant has to receive a minimum of 50%+1 "approve" votes from the Members to be approved.
- According to Section 6. b, the Administrator shall be entitled to determine which Member(s) may participate as a Voter in each Claim case.
- Voters participating in a Claim case may be provided with various tools to facilitate accepting or rejecting a Claim submissions.
- The auto-voting feature will activate when the voting period concludes, and if a Member has not cast their vote
- Summary of Claimant’s historical condition(s) in accordance with the Claim filled;
- Summary and Claim Score; and
- Claimant’s overall participation performance in the Program
The total Payout will include an Administration Contribution, which will be a certain percentage, subject to change the amount of the Claim Payout to support the MAP operations. The total Claim Payout plus the Administration Contribution shall be referred to as the “Final Payout Amount”.
Any personal data submitted by the Member to the MAP shall be subject to QolaQ’s Privacy Policy.
- Tumors showing the malignant changes of carcinoma in situ and tumors which are histologically described as pre-malignant or non-invasive, including but not limited to carcinoma in situ of breasts, Cervical dysplasia CIN-1, CIN -2 & CIN-3;
- Any skin cancer other than invasive malignant melanoma;
- All tumors of the prostate unless histologically classified as having a Gleason score greater than six or having progressed to at least clinical TNM classification T2N0M0;
- Papillary microcarcinoma of the thyroid less than 1 cm in diameter;
- Chronic lymphocytic leukemia less than RAI stage 3;
- Microcarcinoma of the bladder;
- All tumors in the presence of HIV infection.
A cerebro vascular incident, including infarction of brain tissue, cerebral and subarachnoid haemorrhage, intracerebral embolism, and cerebral thrombosis resultsing in permanent neurological deficitwith persisting clinical symptoms, Transient Ischaemic A acks (TIA) do not meet this definition. This diagnosis must be confirmed by aregistered Specialist medical practitioner and supported by the following conditions:
1. Evidence of permanent clinical neurological deficit confirmed by a neurologist at least six weeks after the event; and
2. Findings on Magnetic Resonance Imaging, Computerized Tomography, or other reliable imaging techniques consistent with the Diagnosis of a new stroke.
The following will not be acknowledged as Major Stroke with Permanent Neurological Deficit:
1. Brain damage due to an accident or injury, congenital cerebro vascular malformation, infection, vasculitis, and inflammatory disease;
2. The vascular disease aecting the eye or optic nerve;
3. Ischemic disorders of the vestibular system; and
4. Secondary hemorrhage within a Pre-existing cerebral lesion.
A benign tumor is a non-malignant tumor located in the cranial vault and limited to the brain, meninges, or cranial nerves where the following conditions are met:
1. It is life-threatening;
2. It has caused damage to the brain, cranial nerves, or meninges within the skull;
3. It has undergone surgical removal or, if inoperable, has caused apermanent neurological deficit with persisting clinical symptoms for a continuous period of at least 90 consecutive days; and
4. Its presence must be confirmed by a neurologist or neurosurgeon and supported by findings on Magnetic Resonance Imaging, Computerised Tomography, or other reliable imaging techniques
The following will not be acknowledged as Benign Brain Tumors:
1. Cysts;
2. Abscess;
3. Angioma;
4. Granulomas;
5. Malformations in the arteries or veins of the brain;
6. Haematomas;
7. Tumors of the pituitary gland or spinal cord; and
8. Tumors of skull bones
- FEV1 test results which are consistently less than one (1) liter;
- Permanent supplementary oxygen therapy for hypoxemia;
- Arterial blood gas analysis with partial oxygen pressures of 55mmHgor less (PaO2 ≤ 55mmHg); and
- Dyspnoea at rest.
A respiratory Physician or Specialist must confirm the diagnosis
The end-stage liver disease refers to liver cirrhosis and end-stage liver failure. Liver cirrhosis refers to a liver condition with an HAI-KnodesScore of six (6) and above, evident by liver biopsy. The diagnosis must be confirmed by a Specialist in the relevant field and based on histological findings of the liver biopsy. For end-stage liver failure, this must be supported with evidence of the following:
1. Permanent jaundice;
2. Ascites; and
3. Hepatic encephalopathy
The following will not be acknowledged as End-stage Liver Disease:
1. Liver disease secondary to alcohol or drug abuse;
2. HIV or AIDS.
The first occurrence of myocardial infarction means the death of aportion of the heart muscle due to inadequate blood supply to the relevant area. The following criteria will be provided as evidence for the diagnosis for this:
1. A history of typical clinical symptoms consistent with the Diagnosis of Acute Myocardial Infarction (e.g., specific chestpain);
2. New characteristic electrocardiogram (EKG) changes proving the infarction; and
3. Elevation of infarction-specific cardiac enzymes inclusive CK-MB above the generally accepted normal laboratory levels, cardiac Troponin T or I, or other specific biochemical markers. The characteristic rise of cardiac biomarkers or Troponin wasrecorded at the following levels or higher:
0.1 Troponin T > 200 ng/L (0.2 ng/ml or 0.2 ug/L); or 0.2 AccuTnI > 500 ng/L(0.5 ng/ml or 0.5 ug/L)
The following will not be acknowledged as a Heart Attack of Specified Severity:
1. A rise in cardiac biomarkers or Troponin T or I in the absence of overt is chemic heart disease or following an intra-arterial cardiac procedure, including but not limited to coronary angiography and coronary angioplasty;
2. Other acute Coronary Syndromes;
3. Any type of angina pectoris.
