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| Hot Springs | | The best time to switch policies is | | Agent's Balance: A periodic |
| Baltimore | | within one month of receiving your | | statement of the sums due and owed |
| Springfield | | policy renewal from your current | | to an agent under the agent's contract |
| Stamford | | insurer. You can typically cancel your | | with an insurer. |
| Albany | | policy without any fees or penalties if | | |
| Tucson | | you act within this time period. | | Net Interest Earned: The average |
| Chesapeake | | | | interest earned by an insurer on its |
| Charleston | | Make sure you have a new policy in | | investments after investment expense |
| Henderson | | place before you cancel your old one | | but before federal income taxes. |
| Gulfport | | to avoid a lapse in coverage. This will | | |
| Fort Worth | | also prevent having to figure out the | | Shock Loss: A catastrophic loss so |
| Erie | | amount of any unused premium that is | | large that it has a material effect on |
| Hampton | | due to you from your old insurance | | the underwriting results of a company. |
| Melbourne | | company, or having to spar with your | | |
| Modesto | | agent about exactly when your policy | | Nonassignable: A policy that the |
| San Jose | | was cancelled and how much they | | owner cannot assign to a third party. |
| Naperville | | owe you. | | Most policies are nonassignable |
| Macon | | | | unless approval is given by the |
| Lexington | | If you have noticed that your auto | | insurer. |
| Denton | | insurance rates are still increasing | | |
| Austin | | with each renewal, or even have not | | Coding: A method of putting |
| Orange | | gone down even though you have a | | information into a numerical form for |
| Clearwater | | great driving record, this lower pricing | | statistical use. Most information on |
| Cambridge | | trend makes it more important then | | policies is coded and then put into |
| Quincy | | ever that you shop around for auto | | reports. |
| Duluth | | insurance. | | |
| Lawrenceville | | | | Replacement: A new policy written to |
| Duluth | | Individuals who have 30-year | | take the place of one currently in force. |
| Williamsburg | | mortgages might want to consider a | | |
| Troy | | 30-year term to ensure that the house | | American Risk and Insurance |
| Waco | | is protected throughout the period of | | Association: An association of |
| Lake Charles | | the loan. | | insurance educators and others |
| Slidell | | | | interested in insurance study and |
| Salt Lake City | | People who are trying to quit | | research. |
| Tampa | | smoking, for example, might be best | | |
| Rockford | | suited purchasing a shorter term (and | | |
| Detroit | | then replacing it with a longer term | | |
| Minneapolis | | policy when they qualify for | | |
| Grand Junction | | non-tobacco prices). | | |
