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| Louisville | | Shopping around is the best way to | | Losses Outstanding: A summary |
| Olympia | | save money on your insurance. | | statement prepared by Property, Life, |
| Williamsport | | | | and Liability insurers showing claims |
| Scranton | | Make sure you have a new policy in | | not yet settled. |
| High Point | | place before you cancel your old one | | |
| Biloxi | | to avoid a lapse in coverage. This will | | Insurance Policy: The printed form |
| St. Paul | | also prevent having to figure out the | | which serves as the contract between |
| Conroe | | amount of any unused premium that is | | an insurer and an insured. |
| Riverside | | due to you from your old insurance | | |
| Monroe | | company, or having to spar with your | | Gross Line: The total limit accepted |
| Huntsville | | agent about exactly when your policy | | by an insurer on an individual risk, |
| Aurora | | was cancelled and how much they | | including the amount to be reinsured. |
| Melbourne | | owe you. | | |
| Fremont | | | | Mutualization: The process of |
| Cranston | | People who are trying to quit | | converting a stock insurer to a mutual |
| Peoria | | smoking, for example, might be best | | insurer, accomplished by having the |
| Portland | | suited purchasing a shorter term (and | | insurer buy stock and retire it. |
| Palo Alto | | then replacing it with a longer term | | |
| Kalamazoo | | policy when they qualify for | | Level Commission System: A system |
| Tyler | | non-tobacco prices). | | of commissions in which the first year |
| Las Cruces | | | | and all renewal commissions are the |
| Waco | | Healthy people have the best | | same percentage of the premium. |
| Greenville | | mortality risks and thus are much | | |
| Westbury | | cheaper for companies to insure. This | | Agency Contract (or Agreement): The |
| Roanoke | | translates into lower rates for the | | document which establishes the legal |
| Boynton Beach | | Super Preferred customer than | | relationship between an agent and an |
| Springfield | | someone with higher risk factors such | | insurer. |
| Corona | | as a heart condition, cancer or | | |
| Aurora | | diabetes. Conversely, if you were | | Domestic Insurer (or Company): An |
| Naples | | unhealthy when you acquired your | | insurer formed under the laws of the |
| Charleston | | policy, and your health has now | | state in which the insurance is written. |
| Houston | | improved, it might be time to shop for | | |
| Manchester | | a new policy, as your rates are likely | | Admitted Company: An insurance |
| Winter Park | | to be lower. | | company authorized and licensed to |
| Pensacola | | | | do business in a given state. |
