| | | | |
|
| San Diego | | Healthy people have the best | | Claim Report: A report filed by an |
| Bay City | | mortality risks and thus are much | | agent setting forth the facts of a claim. |
| Birmingham | | cheaper for companies to insure. This | | Same as Loss Report. |
| Mesa | | translates into lower rates for the | | |
| Sacramento | | Super Preferred customer than | | Inspection: Independent checking on |
| Salem | | someone with higher risk factors such | | facts about an applicant, |
| Hemet | | as a heart condition, cancer or | | policyholder, or claimant, usually by a |
| Portsmouth | | diabetes. Conversely, if you were | | commercial inspection agency. |
| Melbourne | | unhealthy when you acquired your | | |
| Woodbridge | | policy, and your health has now | | Domestic Insurer (or Company): An |
| Riverside | | improved, it might be time to shop for | | insurer formed under the laws of the |
| San Diego | | a new policy, as your rates are likely | | state in which the insurance is written. |
| Albany | | to be lower. | | |
| Oklahoma City | | | | Net Loss: The amount of loss |
| Mesquite | | Everyone has different needs, and | | sustained by an insurer after giving |
| Chesapeake | | not one size fits all when it comes to | | effect to all applicable reinsurance, |
| Oklahoma City | | term life insurance. While it may make | | salvage, and subrogation recoveries. |
| Yuma | | sense for people in their 30s and 40s | | |
| Council Bluffs | | to secure a 20-year term length, a | | Mutualization: The process of |
| Mesquite | | 10-year term might be more | | converting a stock insurer to a mutual |
| West Palm Beach | | appropriate for someone nearing | | insurer, accomplished by having the |
| Oakland | | retirement. | | insurer buy stock and retire it. |
