Do not insure this.
Tag: RAW
Keeper
The person made liable under the Animals Act 1971, s.2.. The keeper is the person who owns the animal or has it in his possession, or is the head of the household of which a member under the age of 16 owns it or has it in his possession. If a person ceases to own or have possession of the animal he will remain the keeper until another person becomes the keeper. A person who takes possession of an animal to prevent it from causing damage or to return it to its owner does not, merely by so doing, become a keeper.
Keeton-O’ Connell Plan
A plan of Auto Insurance reparations devised by Professors Robert Keeton and Jeffrey O’ Connell which was the forerunner of No-Fault Insurance Plans. Also Refer, “No Fault Insurance.”
Keeton-O’Connell
See: No fault auto insurance.
Kelly Tool
Forcible entry tool similar to claw tool but having an added blade (a tool used by carpenters to trim or smooth wood) at the top and forked blade at the bottom. The Kelly tool is a tool used in fire and rescue service for forcible entry and other prying and striking tasks.
Kenney Ratio
A rule proposed by Roger Kenney which suggests that to insure solvency, property and liability insurers should not write insurance premiums equal to more than twice their capital and surplus.
Keogh Act
Federal legislation enacted in 1962 titled Self-Employed Individuals Tax Retirement Act to allow self-employed persons to set aside money for retirement. Eligible individuals deposit money in a government-approved account that is managed by a financial institution such as an insurance company or a bank. Also called an H.R. 10 plan .
Keogh Act plan (Life Insurance)
Also referred to as a HR-10 plan. A plan that allows those who are self-employed to set up a retirement plan and have access to tax benefits comparative to the benefits offered in corporate pensions. This plan was established under the Self-Employed Individual’s Tax Retirement Act.
Key and Record Clause
Cash in Safe insurance contain “Key Clause – Refer “Key Clause.” In addition it stipulates that “A complete list of the amount of cash in safe should be kept secure in some place other than the safe and the liability of the insurer is limited to the amount actually shown by such records.”
Key Clause
Cash in safe Insurance is subject to this clause which stipulates that the loss of cash abstracted from the safe with the use of original or any duplicate key is not covered, unless such key is obtained by violence or threats of violence or through means of force.