| | | | |
|
| Hartford | | While some companies raise their | | Policywriting Agent: An agent who has |
| Erie | | prices based on your actual age, | | the authority to prepare and effect an |
| Edmond | | most companies increase the price of | | insurer's policy. |
| Fort Collins | | their policies six months before your | | |
| Belleville | | birthday. Its a term called Age | | Absolute Assignment: Assignment by |
| Long Island City | | Nearest in the industry, and that | | a policy owner of all control of and |
| Fort Smith | | half-year price increase could really | | rights in the policy to a third party. |
| Charlotte | | add up over a 20-year term policy. As | | |
| Los Angeles | | above, the quicker you purchase your | | Mutualization: The process of |
| Topeka | | policy the better. | | converting a stock insurer to a mutual |
| Wilmington | | | | insurer, accomplished by having the |
| Lawrenceville | | The quickest and easiest way to | | insurer buy stock and retire it. |
| Cincinnati | | shop for new insurance is by | | |
| Billings | | comparing rates at InsWebs online | | Level Commission System: A system |
| Ventura | | marketplace. If you do it the | | of commissions in which the first year |
| Atlanta | | old-fashioned way (by calling or | | and all renewal commissions are the |
| Stamford | | visiting multiple agents or insurance | | same percentage of the premium. |
| Green Bay | | companies) it could take up a huge | | |
| Des Moines | | chunk of your time, which no one | | Retrospective Premium: The final |
| Lincoln | | wants or needs. By completing | | premium in a retrospective rating |
| Portland | | InsWebs online application, you will | | plan. See Retrospective Rating. |
| Stuart | | have rates to compare to your old | | |
| Escondido | | ones within minutes! | | Divided Cover: The placing of |
| Owensboro | | | | insurance on a given subject or |
| Lowell | | If you decide to cancel your policy | | object with more than one insurer. |
| Santa Ana | | (after acquiring new coverage) | | |
| Williamsburg | | outside of the 30-day period, you may | | Provisional Rate: Tentative rates, |
| Gainesville | | have to pay a fee or penalty. | | premiums or commissions that are |
| Houma | | However, you may still save money | | subject to subsequent adjustment. |
| Erie | | after paying the fee if your new policy | | See Commission and Premium. |
| Evansville | | affords you significant savings. So | | |
| Orlando | | while it is best to wait until your | | War Risk Insurance: Insurance |
| Corona | | receive your renewal notice, you CAN | | covering damage caused by war. |
| West Chester | | cancel your policy at any time. | | Most often written by Ocean Marine |
| Carlsbad | | | | Insurance companies covering |
| Pensacola | | | | vessels. |
