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K0 K1 K2 K3 K4 Ka Kb Kc Kd Ke Kf Kh Ki Kj Km Kn Ko Kp Kq Kr Ks Ku Kx Ky Kz

Kidnapping coverage (Criminal)

Insurance that covers the peril of an individual being captured against his or her will, outside of the insured’s premises, and forced to collude in a criminal act, either by opening a safe or giving the robber the pertinent information to do so. This type of coverage is often included in a package crime policy.

Kiosks as a Distribution/Marketing channel of Insurance

Certain Insurance Companies have come out with Kiosks at Airports, Railway Station, Prominent Shopping Malls for marketing of simple insurance products or renewal of simple insurance products such as Motor Insurance for 2 wheelers, private cars, personal accident insurance up to certain amount, flight coupons, travel insurance. By way of Kiosks they sell insurance policies issued over the counter at Kiosks itself.

Kisan Agricultural Pump set Insurance

The Policy applies to Centrifugal Pump sets (Electrical and Diesel) and submersible pump sets up to prescribed HP capacity used for Agricultural purposes only. Pumps of higher capacity are usually insured under Engineering Insurance Policies. This policy cover loss and/or damage to Pump set due to fire and or lightning, theft, burglary (due to violent forcible entry and provided the pump set is kept in a locked enclosure), mechanical/electrical breakdown, Riot, Strike, Malicious Damage, Terrorism. Policy can be extended to cover Flood etc perils at an additional premium. The exclusions are normal wear and tear, gradual deterioration due to atmospheric conditions, willful act or gross negligence, loss or damage for which the manufacturer or supplier is responsible, cost of dismantling, transport to workshop and back as also cost of re-erection. Submersible Pump set may also be covered under the scope of the policy in which case the perils of burglary shall be extended to cover waiving normal lock and key clause.

Kit

A portfolio or travelling case that has been equipped with annuals, forms, applications and various other sales aids such as advertising, charts, diagrams, and other related material so that an Insurance Agent or development staff may make a more efficient sales presentation.

Kiting

Technique of drawing cheques against deposits that have to clear through the banking system. Kiting takes advantage of the time needed for cheques to clear and permits the Kiter to use funds that are not his.

KJ

HCPCS Level II modifier that may be used with CPT or HCPCS Level II codes indicating a durable medical equipment prosthestics, orthotics, and other supplies (DMEPOS) item, parenteral enteral nutrition (PEN) pump, or capped rental, months 4 to 15.

KM

HCPCS Level II modifier that may be used with CPT or HCPCS Level II codes indicating replacement of facial prosthesis including new impressing/moulage.

KN

HCPCS Level II modifier that may be used with CPT or HCPCS Level II codes indicating replacement of facial prosthesis using previous master model.