This glossary is courtesy of the "Field Guide for Property & Casualty Agents and Practitioners" published annually by The National Underwriter Company.

GLOSSARY OF INSURANCE TERMS & CONCEPTS

A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | PQ | R | S | T | U | V | WXYZ

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.