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| Venice | | If you decide to cancel your policy | | Insurance to Value: Insurance written |
| Santa Ana | | (after acquiring new coverage) | | in an amount approximating the value |
| Newport News | | outside of the 30-day period, you may | | of the property insured. |
| Morristown | | have to pay a fee or penalty. | | |
| Redlands | | However, you may still save money | | Mutualization: The process of |
| Eugene | | after paying the fee if your new policy | | converting a stock insurer to a mutual |
| Biloxi | | affords you significant savings. So | | insurer, accomplished by having the |
| Downey | | while it is best to wait until your | | insurer buy stock and retire it. |
| Birmingham | | receive your renewal notice, you CAN | | |
| Rochester | | cancel your policy at any time. | | Insolvent Insurer: An insurer which is |
| Sarasota | | | | unable to meet its financial |
| Greeley | | Make sure you have a new policy in | | obligations. |
| Athens | | place before you cancel your old one | | |
| Cleveland | | to avoid a lapse in coverage. This will | | Brokerage Business: Business |
| Topeka | | also prevent having to figure out the | | offered to an insurer by a broker. This |
| Seattle | | amount of any unused premium that is | | is sometimes called excess or |
| Oakland | | due to you from your old insurance | | surplus business. |
| Hampton | | company, or having to spar with your | | |
| Montgomery | | agent about exactly when your policy | | Agency Contract (or Agreement): The |
| Corpus Christi | | was cancelled and how much they | | document which establishes the legal |
| Jacksonville | | owe you. | | relationship between an agent and an |
| Las Vegas | | | | insurer. |
| Denton | | If you have noticed that your auto | | |
| Gaithersburg | | insurance rates are still increasing | | Book Value: Refers to the value of |
| Longmont | | with each renewal, or even have not | | assets as shown in the official |
| Manchester | | gone down even though you have a | | accounting records of the company. |
| Sioux City | | great driving record, this lower pricing | | |
| Arlington | | trend makes it more important then | | Submitted Business: Applications for |
| Walnut Creek | | ever that you shop around for auto | | insurance submitted to an insurer but |
| Yonkers | | insurance. | | not yet acted upon by it. |
