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| Owensboro | | Make sure you have a new policy in | | Fiduciary: A person holding the funds |
| Zanesville | | place before you cancel your old one | | or property of another in a position of |
| Springfield | | to avoid a lapse in coverage. This will | | trust. An example would be the |
| Mesquite | | also prevent having to figure out the | | executor of an estate. |
| Cape Coral | | amount of any unused premium that is | | |
| Baton Rouge | | due to you from your old insurance | | Mandatory Valuation Reserve: A |
| Gainesville | | company, or having to spar with your | | reserve required by a state law to |
| Albany | | agent about exactly when your policy | | offset any declines in the valuation of |
| Seattle | | was cancelled and how much they | | securities listed as admitted assets. |
| Columbus | | owe you. | | |
| Clearwater | | | | Liabilities: Money owed or expected |
| Allentown | | Shopping around is the best way to | | to be owed. Insurance company |
| Buffalo | | save money on your insurance. | | financial statements, for instance, |
| Corpus Christi | | | | show assets and liabilities. |
| Santa Ana | | The quickest and easiest way to | | |
| Philadelphia | | shop for new insurance is by | | Losses Incurred: The total losses, |
| Akron | | comparing rates at InsWebs online | | whether paid or not, sustained by an |
| Fort Myers | | marketplace. If you do it the | | insurer during a given period, e.g., 12 |
| Metairie | | old-fashioned way (by calling or | | months. |
| Midland | | visiting multiple agents or insurance | | |
| Providence | | companies) it could take up a huge | | Borderline Risk: An insurance |
| Livonia | | chunk of your time, which no one | | prospect of doubtful quality from an |
| Springfield | | wants or needs. By completing | | underwriting point of view. |
| Oklahoma City | | InsWebs online application, you will | | |
| Chesapeake | | have rates to compare to your old | | Absolute Assignment: Assignment by |
| Hendersonville | | ones within minutes! | | a policy owner of all control of and |
| Wilmington | | | | rights in the policy to a third party. |
| Walnut Creek | | At InsWeb, you can compare free | | |
| St. Joseph | | online insurance quotes from many of | | Brokerage Department: A department |
| Phoenix | | the nations leading insurance | | of an insurer whose purpose is to |
| Staten Island | | companies. | | deal with brokers in the placing of |
| Goldsboro | | | | insurance. |
| Hickory | | Everyone has different needs, and | | |
| Fall River | | not one size fits all when it comes to | | Time Limits: The limits of time within |
| Union | | term life insurance. While it may make | | which notice of a claim and proof of a |
| Toledo | | sense for people in their 30s and 40s | | loss must be submitted. |
| Lancaster | | to secure a 20-year term length, a | | |
| Dearborn | | 10-year term might be more | | |
| Stockton | | appropriate for someone nearing | | |
| Canton | | retirement. | | |
