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| Peoria | | While some companies raise their | | Broker of Record: A broker who has |
| High Point | | prices based on your actual age, | | been designated to handle certain |
| Tallahassee | | most companies increase the price of | | insurance contracts for the |
| Palm Harbor | | their policies six months before your | | policyholder. |
| Stamford | | birthday. Its a term called Age | | |
| Metairie | | Nearest in the industry, and that | | Retrospective Premium: The final |
| Jacksonville | | half-year price increase could really | | premium in a retrospective rating |
| Walnut Creek | | add up over a 20-year term policy. As | | plan. See Retrospective Rating. |
| Carlsbad | | above, the quicker you purchase your | | |
| Louisville | | policy the better. | | Monoline Policy: Any insurance |
| Rochester | | | | coverage written as a single line |
| Wichita Falls | | Healthy people have the best | | policy. Contrast with Multiple Line or |
| St. Louis | | mortality risks and thus are much | | Package policy. |
| Montgomery | | cheaper for companies to insure. This | | |
| Toms River | | translates into lower rates for the | | Incurred Expense: Expenses not yet |
| Stamford | | Super Preferred customer than | | paid. Can also include paid |
| Salem | | someone with higher risk factors such | | expenses in some accounting |
| Aurora | | as a heart condition, cancer or | | systems. |
| Bloomington | | diabetes. Conversely, if you were | | |
| Killeen | | unhealthy when you acquired your | | Net Loss: The amount of loss |
| Sumter | | policy, and your health has now | | sustained by an insurer after giving |
| Texarkana | | improved, it might be time to shop for | | effect to all applicable reinsurance, |
| Winter Haven | | a new policy, as your rates are likely | | salvage, and subrogation recoveries. |
| Spring Hill | | to be lower. | | |
| Portland | | | | American Risk and Insurance |
| Dearborn | | Individuals who have 30-year | | Association: An association of |
| Downey | | mortgages might want to consider a | | insurance educators and others |
| Tucson | | 30-year term to ensure that the house | | interested in insurance study and |
| Texarkana | | is protected throughout the period of | | research. |
| Wichita | | the loan. | | |
| Henderson | | | | Convention Values: Values assigned |
| Greensboro | | The best time to switch policies is | | to insurers' assets in the convention |
| Hendersonville | | within one month of receiving your | | blank. |
| Silver Spring | | policy renewal from your current | | |
| Ogden | | insurer. You can typically cancel your | | |
| Virginia Beach | | policy without any fees or penalties if | | |
| Whittier | | you act within this time period. | | |
