| | | | |
|
| Columbus | | The best time to switch policies is | | Sole Proprietorship: A business |
| Topeka | | within one month of receiving your | | enterprise owned by one person who |
| Alexandria | | policy renewal from your current | | is its manager and employee. |
| Shreveport | | insurer. You can typically cancel your | | |
| Bloomington | | policy without any fees or penalties if | | Operating Expense: The expense of |
| Roanoke | | you act within this time period. | | an insurer other than commissions |
| Madison | | | | and taxes. Called " and Insurance |
| Huntington Beach | | Individuals who have 30-year | | Expense" in the convention statement |
| Elkhart | | mortgages might want to consider a | | blank. |
| Honolulu | | 30-year term to ensure that the house | | |
| Milwaukee | | is protected throughout the period of | | Accident Year Experience: Measures |
| Boca Raton | | the loan. | | premiums and losses relating to |
| Springfield | | | | accidents which occurred during a |
| Columbia | | If you decide to cancel your policy | | 12-month period. |
| Syracuse | | (after acquiring new coverage) | | |
| Omaha | | outside of the 30-day period, you may | | Expense Allowance: A compensation |
| Turlock | | have to pay a fee or penalty. | | paid to an insurance agent in excess |
| Memphis | | However, you may still save money | | of prescribed commissions. |
| Lubbock | | after paying the fee if your new policy | | |
| Akron | | affords you significant savings. So | | Captive Agent: One who sells |
| Sacramento | | while it is best to wait until your | | insurance for only one company as |
| Chandler | | receive your renewal notice, you CAN | | opposed to an agent who represents |
| Miami | | cancel your policy at any time. | | several companies. |
