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| Durham | | While some companies raise their | | Deficit Carried Forward: The transfer |
| Irving | | prices based on your actual age, | | of a debit balance from one |
| Chesapeake | | most companies increase the price of | | accounting period to another. |
| Rockville | | their policies six months before your | | |
| Cypress | | birthday. Its a term called Age | | Shock Loss: A catastrophic loss so |
| Gainesville | | Nearest in the industry, and that | | large that it has a material effect on |
| Carlsbad | | half-year price increase could really | | the underwriting results of a company. |
| Chandler | | add up over a 20-year term policy. As | | |
| Walnut Creek | | above, the quicker you purchase your | | Liquidity: The ability of an insurer to |
| Hampton | | policy the better. | | convert its assets into cash to pay |
| Biloxi | | | | claims if necessary. |
| Canton | | If you decide to cancel your policy | | |
| Denton | | (after acquiring new coverage) | | Notice To Company: Written notice to |
| Columbus | | outside of the 30-day period, you may | | an insurer of the occurrence of an |
| Alameda | | have to pay a fee or penalty. | | event which a claim is to be based. |
| Scranton | | However, you may still save money | | |
| Lafayette | | after paying the fee if your new policy | | Provisions: Statements contained in |
| Acworth | | affords you significant savings. So | | an insurance policy which explain the |
| Rockville | | while it is best to wait until your | | benefits, conditions and other |
| Lake Charles | | receive your renewal notice, you CAN | | features of the insurance contract. |
| Greeley | | cancel your policy at any time. | | |
| Rochester | | | | Net Retention: The amount of |
| Englewood | | If you have noticed that your auto | | insurance that a ceding company |
| Fort Smith | | insurance rates are still increasing | | keeps for its own account and does |
| Cherry Hill | | with each renewal, or even have not | | not reinsure. |
| Inglewood | | gone down even though you have a | | |
| Florence | | great driving record, this lower pricing | | Provisional Rate: Tentative rates, |
| Corpus Christi | | trend makes it more important then | | premiums or commissions that are |
| Lawton | | ever that you shop around for auto | | subject to subsequent adjustment. |
| Fremont | | insurance. | | See Commission and Premium. |