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| Ann Arbor | | If you decide to cancel your policy | | Overlapping Insurance: Coverage |
| Scranton | | (after acquiring new coverage) | | from two or more policies or insurers |
| Lawrenceville | | outside of the 30-day period, you may | | which duplicates coverage of certain |
| Grand Junction | | have to pay a fee or penalty. | | risks. |
| Long Beach | | However, you may still save money | | |
| Henderson | | after paying the fee if your new policy | | Open Rating: A system whereby a |
| Cedar Rapids | | affords you significant savings. So | | state allows an insurer to use rates |
| Las Cruces | | while it is best to wait until your | | without prior approval. |
| Detroit | | receive your renewal notice, you CAN | | |
| Myrtle Beach | | cancel your policy at any time. | | Criticism: A correction suggested by a |
| Houston | | | | rating or auditing bureau to an insurer. |
| Jackson | | Healthy people have the best | | |
| Jasper | | mortality risks and thus are much | | American Risk and Insurance |
| Fremont | | cheaper for companies to insure. This | | Association: An association of |
| White Plains | | translates into lower rates for the | | insurance educators and others |
| Colorado Springs | | Super Preferred customer than | | interested in insurance study and |
| Garland | | someone with higher risk factors such | | research. |
| Dothan | | as a heart condition, cancer or | | |
| Delray Beach | | diabetes. Conversely, if you were | | Notice of Cancellation: Written notice |
| Palm Desert | | unhealthy when you acquired your | | by an insurer of intent to cancel |
| Dallas | | policy, and your health has now | | insurance, or written notice by an |
| Glendale | | improved, it might be time to shop for | | insured requesting cancellation. |
| Lowell | | a new policy, as your rates are likely | | |
| Boise | | to be lower. | | Commission of Authority: A document |
| Metairie | | | | outlining the powers delegated to an |
| Columbus | | Individuals who have 30-year | | agent by an insurer. |
| Lakeland | | mortgages might want to consider a | | |
| Chandler | | 30-year term to ensure that the house | | Absolute Assignment: Assignment by |
| Woodbridge | | is protected throughout the period of | | a policy owner of all control of and |
| Rochester | | the loan. | | rights in the policy to a third party. |
