Insurance Definitions

K Return To Alpha Index     Kenney Rule: Concept permitting a property liability insurer to write $2 of new net premiums for each $1 of policy owner's' 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.

Return To Alpha Index