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| San Jose | | The best time to switch policies is | | Liquidity: The ability of an insurer to |
| Clarksville | | within one month of receiving your | | convert its assets into cash to pay |
| Frederick | | policy renewal from your current | | claims if necessary. |
| Los Angeles | | insurer. You can typically cancel your | | |
| Tampa | | policy without any fees or penalties if | | Theory of Probability: The |
| Modesto | | you act within this time period. | | mathematical principle upon which |
| Florence | | | | insurance is based. |
| Killeen | | Make sure you have a new policy in | | |
| Florence | | place before you cancel your old one | | Net Retention: The amount of |
| Asheville | | to avoid a lapse in coverage. This will | | insurance that a ceding company |
| Cincinnati | | also prevent having to figure out the | | keeps for its own account and does |
| Lake Charles | | amount of any unused premium that is | | not reinsure. |
| Lake Worth | | due to you from your old insurance | | |
| Cleveland | | company, or having to spar with your | | Agency Contract (or Agreement): The |
| Palm Harbor | | agent about exactly when your policy | | document which establishes the legal |
| Newburgh | | was cancelled and how much they | | relationship between an agent and an |
| Garland | | owe you. | | insurer. |
