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Insurance Glossary - K

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
A life insurance policy or disability policy designed to protect a business firm against the loss of income resulting from the death or disability of a key employee.