Glossary of Insurance Terms
K
Keeton-O’Connell,
see No fault auto insurance.
Key employee
insurance - Life insurance written on the life of an
organization’s officer or other key employee, the
loss of whom would cause the organization financial
hardship.
Kidnap-Ransom
insurance - A specialty coverage offered in the
surplus and excess lines markets that responds to ransom
demands for recovery of kidnap victims.
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