Midwest General Agency | R.W. Scobie | Insurance Words Glossary

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Viewing: K (6)

Word	Definition
Kart Owners Policy	Not for the nonhazardous golf cart, but a special liability coverage for its more dangerous relative...
Keeton-O'Connell Plan	A "no-fault" plan for compensating automobile accident victims for their loss of wages and medica...
Kenney Ratio	A guide or rule-of-thumb for insurers to use in preventing insolvency which suggests that property a...
Keogh Plan	A retirement plan for self-employed persons. Considered for tax purposes to be a qualified plan. The...
Key Employee Insurance	Insurance an employer buys on a key person within the organization to protect that employer from the...
Kidnap/Ransom Insurance	Originated as a policy for financial institutions, primarily banks, and tailored to meet the standar...