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| Quincy | | While some companies raise their | | Fictitious Groups: Groups formed |
| Lubbock | | prices based on your actual age, | | primarily for the purpose of buying |
| Lexington | | most companies increase the price of | | insurance. Under the law such groups |
| Fort Lauderdale | | their policies six months before your | | may not be underwritten. |
| Schaumburg | | birthday. Its a term called Age | | |
| Arlington | | Nearest in the industry, and that | | Broker of Record: A broker who has |
| Durham | | half-year price increase could really | | been designated to handle certain |
| Wilmington | | add up over a 20-year term policy. As | | insurance contracts for the |
| Hot Springs | | above, the quicker you purchase your | | policyholder. |
| Ocala | | policy the better. | | |
| Fort Collins | | | | Monoline Policy: Any insurance |
| Orlando | | The quickest and easiest way to | | coverage written as a single line |
| Topeka | | shop for new insurance is by | | policy. Contrast with Multiple Line or |
| Fort Myers | | comparing rates at InsWebs online | | Package policy. |
| Fort Lauderdale | | marketplace. If you do it the | | |
| Chattanooga | | old-fashioned way (by calling or | | Premium Notice: A form notice from |
| Trenton | | visiting multiple agents or insurance | | an insurer or agency to a policy |
| Yuma | | companies) it could take up a huge | | owner that a premium will be due on a |
| Pasadena | | chunk of your time, which no one | | given date. |
| Columbus | | wants or needs. By completing | | |
| Yonkers | | InsWebs online application, you will | | Incurred Expense: Expenses not yet |
| Billings | | have rates to compare to your old | | paid. Can also include paid |
| Manchester | | ones within minutes! | | expenses in some accounting |
| Tucson | | | | systems. |
| Las Cruces | | If you decide to cancel your policy | | |
| Vancouver | | (after acquiring new coverage) | | Independent Agent: An agent |
| Sioux City | | outside of the 30-day period, you may | | operating as an independent |
| Charlotte | | have to pay a fee or penalty. | | contractor under the independent |
| Schenectady | | However, you may still save money | | agency system. |
| Schaumburg | | after paying the fee if your new policy | | |
| San Jose | | affords you significant savings. So | | Agency: An insurance sales office |
| Harrisburg | | while it is best to wait until your | | which is directed by a agent, |
| Frederick | | receive your renewal notice, you CAN | | manager, independent agent, or |
| New York | | cancel your policy at any time. | | company manager. |
