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| Jersey City | | Healthy people have the best | | Valued: Relating to an agreement by |
| Greeley | | mortality risks and thus are much | | an insurer to pay a specified amount |
| Fort Smith | | cheaper for companies to insure. This | | of money to or on behalf of the |
| Warwick | | translates into lower rates for the | | insured upon occurrence of a defined |
| Virginia Beach | | Super Preferred customer than | | loss. |
| Hampton | | someone with higher risk factors such | | |
| Pompano Beach | | as a heart condition, cancer or | | Insurance Examiner: The |
| Washington | | diabetes. Conversely, if you were | | representative of a state insurance |
| Turlock | | unhealthy when you acquired your | | department assigned to participate in |
| Lowell | | policy, and your health has now | | the official audit and examination of |
| Sarasota | | improved, it might be time to shop for | | an insurer. |
| Naperville | | a new policy, as your rates are likely | | |
| Lawton | | to be lower. | | Accident Year Experience: Measures |
| New Orleans | | | | premiums and losses relating to |
| Montgomery | | If you decide to cancel your policy | | accidents which occurred during a |
| Frederick | | (after acquiring new coverage) | | 12-month period. |
| Rochester | | outside of the 30-day period, you may | | |
| Hattiesburg | | have to pay a fee or penalty. | | Net Interest Earned: The average |
| Winter Haven | | However, you may still save money | | interest earned by an insurer on its |
| Cypress | | after paying the fee if your new policy | | investments after investment expense |
| Cypress | | affords you significant savings. So | | but before federal income taxes. |
| Johnson City | | while it is best to wait until your | | |
| Worcester | | receive your renewal notice, you CAN | | Mutualization: The process of |
| Louisville | | cancel your policy at any time. | | converting a stock insurer to a mutual |
| Denver | | | | insurer, accomplished by having the |
| Odessa | | While some companies raise their | | insurer buy stock and retire it. |
| Fullerton | | prices based on your actual age, | | |
| Detroit | | most companies increase the price of | | Calendar Year Experience: This |
| Williamsport | | their policies six months before your | | measures the premiums and losses |
| Chula Vista | | birthday. Its a term called Age | | entered on accounting records during |
| Waco | | Nearest in the industry, and that | | the 12-month calendar. |
| Lorain | | half-year price increase could really | | |
| Athens | | add up over a 20-year term policy. As | | Effective Date: The date on which the |
| Toms River | | above, the quicker you purchase your | | protection of an insurance policy or |
| El Cajon | | policy the better. | | bond goes into effect. |
