The Insurance Terms Glossary is divided alphabetically for ease of browsing. Select the alphabet letter that corresponds to the first letter of the word you would like to be informed about to open the appropriate heading.

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Glossary Terms ' K '

Kenney Rule - Concept permitting a property/casualty insurer to write $2 of new net premiums for each $1 of policyholders surplus.

Keogh (HR 10) Account - An account to which a self-employed person can make annual tax deductible contributions and which may be withdrawn without penalty after the age of 59 1/2. Income generated in the account accumulates tax-deferred.

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.