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Dictionary of Insurance Terms -K-

-K-



  • Kenney Rule: Concept permitting a property
    liability insurer to write $2 of new net premiums for each $1 of policyowners’
    surplus.


  • Keogh (HR 10) Account: An account
    to which a self-employed person can make annual tax deductible contribution
    of the lesser of 25% of income or $30,000.


  • Key-Person Insurance: Insurance
    designed to protect a business firm against the loss of income resulting
    from the death or disability of a key employee.

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