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| Aurora | | While some companies raise their | | Partnership: A business enterprise |
| Delray Beach | | prices based on your actual age, | | owned and operated by two or more |
| Denver | | most companies increase the price of | | persons for the purpose of generating |
| Brooklyn | | their policies six months before your | | business income and profits. |
| Long Island City | | birthday. Its a term called Age | | |
| Asheville | | Nearest in the industry, and that | | Legislative Risk: A risk faced by |
| Vineland | | half-year price increase could really | | investors whereby changes in tax |
| Pompano Beach | | add up over a 20-year term policy. As | | laws can result in adverse effects on |
| Waterloo | | above, the quicker you purchase your | | the individual's investment results. |
| Boise | | policy the better. | | |
| Union | | | | Book Value: Refers to the value of |
| Springfield | | Healthy people have the best | | assets as shown in the official |
| Owensboro | | mortality risks and thus are much | | accounting records of the company. |
| Hendersonville | | cheaper for companies to insure. This | | |
| Reading | | translates into lower rates for the | | Premises: The particular location of |
| Vancouver | | Super Preferred customer than | | property or a portion thereof as |
| Anchorage | | someone with higher risk factors such | | designated in a policy. |
| Hartford | | as a heart condition, cancer or | | |
| Owensboro | | diabetes. Conversely, if you were | | You/Your: These words are used to |
| Nashua | | unhealthy when you acquired your | | refer to the named insured in many of |
| Wichita | | policy, and your health has now | | the modernized/personalized policy |
| Bayside | | improved, it might be time to shop for | | forms. |
| Las Vegas | | a new policy, as your rates are likely | | |
| Syracuse | | to be lower. | | Submitted Business: Applications for |
| Quincy | | | | insurance submitted to an insurer but |
| Lake Charles | | Make sure you have a new policy in | | not yet acted upon by it. |
| Torrance | | place before you cancel your old one | | |
| Philadelphia | | to avoid a lapse in coverage. This will | | Overlapping Insurance: Coverage |
| West Chester | | also prevent having to figure out the | | from two or more policies or insurers |
| Oceanside | | amount of any unused premium that is | | which duplicates coverage of certain |
| Johnson City | | due to you from your old insurance | | risks. |
| Aurora | | company, or having to spar with your | | |
| Tempe | | agent about exactly when your policy | | Retrospective Premium: The final |
| Arlington | | was cancelled and how much they | | premium in a retrospective rating |
| Littleton | | owe you. | | plan. See Retrospective Rating. |
