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KEETON-O’CONNELL PLAN

See No-Fault Automobile Insurance.

KEY-PUNCH

A machine with a typewriter-like keyboard which punches rectangular holes in a card, enabling an operator to record data from (see) Source Documents resulting in a standard code pattern so that the data may be “read” into the computer for processing or storage. For the most part Key-Punch now means the direct recording of data into the computer memory, (key-punch) cards are used little if ever.

KINNE RULE

A guide used by adjusters in apportioning losses under non-concurrent policies.