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| Akron | | Make sure you have a new policy in | | Shock Loss: A catastrophic loss so |
| Sacramento | | place before you cancel your old one | | large that it has a material effect on |
| Cookeville | | to avoid a lapse in coverage. This will | | the underwriting results of a company. |
| Fort Worth | | also prevent having to figure out the | | |
| San Bernardino | | amount of any unused premium that is | | Divided Cover: The placing of |
| Norwalk | | due to you from your old insurance | | insurance on a given subject or |
| Longwood | | company, or having to spar with your | | object with more than one insurer. |
| Newport News | | agent about exactly when your policy | | |
| Panama City | | was cancelled and how much they | | Fictitious Groups: Groups formed |
| Goldsboro | | owe you. | | primarily for the purpose of buying |
| Sterling Heights | | | | insurance. Under the law such groups |
| Mansfield | | Shopping around is the best way to | | may not be underwritten. |
| Rockford | | save money on your insurance. | | |
| San Antonio | | | | New For Old: Replacing old |
| Tyler | | Healthy people have the best | | damaged parts or equipment with |
| Greeley | | mortality risks and thus are much | | new ones rather than repairing them. |
| Fort Wayne | | cheaper for companies to insure. This | | |
| Arlington | | translates into lower rates for the | | Loss Adjustment Expense: The cost |
| Overland Park | | Super Preferred customer than | | of adjusting losses, excluding the |
| Spokane | | someone with higher risk factors such | | amount of the loss itself. |
| Vineland | | as a heart condition, cancer or | | |
| Muskegon | | diabetes. Conversely, if you were | | Minimum Premium: The smallest |
| Rockford | | unhealthy when you acquired your | | amount of premium for which an |
| Boynton Beach | | policy, and your health has now | | insurer will issue coverage under a |
| Alameda | | improved, it might be time to shop for | | given policy. |
| Spartanburg | | a new policy, as your rates are likely | | |
| Arlington | | to be lower. | | Mandatory Valuation Reserve: A |
| Redlands | | | | reserve required by a state law to |
| Spring Hill | | People who are trying to quit | | offset any declines in the valuation of |
| Toledo | | smoking, for example, might be best | | securities listed as admitted assets. |
| New Orleans | | suited purchasing a shorter term (and | | |
| San Jose | | then replacing it with a longer term | | Accident Year Experience: Measures |
| Chattanooga | | policy when they qualify for | | premiums and losses relating to |
| Boise | | non-tobacco prices). | | accidents which occurred during a |
| Santa Barbara | | | | 12-month period. |
