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| Newark | | The best time to switch policies is | | Authorized Insurer: An insurer |
| Gaithersburg | | within one month of receiving your | | authorized by the state to transact |
| Grand Prairie | | policy renewal from your current | | business in that state for specific |
| Modesto | | insurer. You can typically cancel your | | types of insurance. |
| Vero Beach | | policy without any fees or penalties if | | |
| Long Beach | | you act within this time period. | | Legislative Risk: A risk faced by |
| Albany | | | | investors whereby changes in tax |
| Virginia Beach | | Individuals who have 30-year | | laws can result in adverse effects on |
| Tucson | | mortgages might want to consider a | | the individual's investment results. |
| Scottsdale | | 30-year term to ensure that the house | | |
| Longview | | is protected throughout the period of | | Gross Premium: The net premium |
| Oakland | | the loan. | | plus operating expenses, |
| Vancouver | | | | commissions and other expenses. |
| Dallas | | People who are trying to quit | | |
| Melbourne | | smoking, for example, might be best | | Tabular Plan: A retrospective rating |
| Cookeville | | suited purchasing a shorter term (and | | plan, which uses tables to furnish the |
| Cherry Hill | | then replacing it with a longer term | | various values for the rating formula. |
| Scottsdale | | policy when they qualify for | | |
| Sterling Heights | | non-tobacco prices). | | Mandatory Valuation Reserve: A |
| Oceanside | | | | reserve required by a state law to |
| Cincinnati | | If you decide to cancel your policy | | offset any declines in the valuation of |
| Toms River | | (after acquiring new coverage) | | securities listed as admitted assets. |
| Spokane | | outside of the 30-day period, you may | | |
| Shreveport | | have to pay a fee or penalty. | | Claim Report: A report filed by an |
| Costa Mesa | | However, you may still save money | | agent setting forth the facts of a claim. |
| Gulfport | | after paying the fee if your new policy | | Same as Loss Report. |
| Fort Wayne | | affords you significant savings. So | | |
| Johnstown | | while it is best to wait until your | | Paid-In Surplus: Surplus paid in by |
| Longmont | | receive your renewal notice, you CAN | | stockholders, as contrasted with |
| Jersey City | | cancel your policy at any time. | | surplus earned through the |
| Ogden | | | | operations of a business. |
| Yuma | | Make sure you have a new policy in | | |
| Gaithersburg | | place before you cancel your old one | | Foreign Insurer: An insurer domiciled |
| Tyler | | to avoid a lapse in coverage. This will | | in a state of the United States other |
| Jacksonville | | also prevent having to figure out the | | than the one in which the insured's |
| Irvine | | amount of any unused premium that is | | insurance is written. |
| Memphis | | due to you from your old insurance | | |
| Cherry Hill | | company, or having to spar with your | | |
| Coral Springs | | agent about exactly when your policy | | |
| Portsmouth | | was cancelled and how much they | | |
| Hendersonville | | owe you. | | |
