For informational purposes only. Refer to your policy or ask your agent
for the exact definition of any term defined in your policy.
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David G. Sayles Insurance Services Insurance Terms--K |
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Kenney Rule: Concept permitting a Property/Casualty insurer to write $2 of new net premiums for each $1 of policyholders surplus. | |
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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10) Account: An account to which a self-employed person can make annual tax deductible contributions and which may be withdrawn without penalty after the age of 59 1/2.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. | |
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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. |
Copyright 1998 David G. Sayles Insurance Services
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