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| Joliet | | If you decide to cancel your policy | | Accident Year Experience: Measures |
| Corpus Christi | | (after acquiring new coverage) | | premiums and losses relating to |
| Dallas | | outside of the 30-day period, you may | | accidents which occurred during a |
| Myrtle Beach | | have to pay a fee or penalty. | | 12-month period. |
| Montgomery | | However, you may still save money | | |
| Pompano Beach | | after paying the fee if your new policy | | Producer: A term applied to an agent, |
| Chula Vista | | affords you significant savings. So | | solicitor or other person who sells |
| Santa Clara | | while it is best to wait until your | | insurance. |
| Amarillo | | receive your renewal notice, you CAN | | |
| Cypress | | cancel your policy at any time. | | Mandatory Valuation Reserve: A |
| Panama City | | | | reserve required by a state law to |
| Knoxville | | Healthy people have the best | | offset any declines in the valuation of |
| Coral Springs | | mortality risks and thus are much | | securities listed as admitted assets. |
| San Antonio | | cheaper for companies to insure. This | | |
| Fairfax | | translates into lower rates for the | | Not Taken: Policies applied for and |
| Lima | | Super Preferred customer than | | issued but rejected by the proposed |
| Tallahassee | | someone with higher risk factors such | | owner and not paid for. |
| Chattanooga | | as a heart condition, cancer or | | |
| San Antonio | | diabetes. Conversely, if you were | | Provisions: Statements contained in |
| Jacksonville | | unhealthy when you acquired your | | an insurance policy which explain the |
| Lawton | | policy, and your health has now | | benefits, conditions and other |
| Cleveland | | improved, it might be time to shop for | | features of the insurance contract. |
| Eugene | | a new policy, as your rates are likely | | |
| Panama City | | to be lower. | | Absolute Assignment: Assignment by |
| Worcester | | | | a policy owner of all control of and |
| Woodbridge | | Shopping around is the best way to | | rights in the policy to a third party. |
| Lakewood | | save money on your insurance. | | |
| Stockbridge | | | | Losses Incurred: The total losses, |
| Newport News | | People who are trying to quit | | whether paid or not, sustained by an |
| Quincy | | smoking, for example, might be best | | insurer during a given period, e.g., 12 |
| Anderson | | suited purchasing a shorter term (and | | months. |
| Raleigh | | then replacing it with a longer term | | |
| Richmond | | policy when they qualify for | | Claim: A demand made by the |
| Williamsport | | non-tobacco prices). | | insured, or the insured's beneficiary, |
| Marietta | | | | for payment of the benefits provided |
| High Point | | | | by the contract. |
