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| South Bend | | Why not take advantage of current | | Amendment: A formal document |
| Fort Myers | | low prices? Many auto insurance | | which corrects or revises an |
| Oxnard | | consumers are becoming educated | | insurance master policy. |
| Albany | | on other companies, plans, and rates | | |
| Tyler | | that are available to them; ones that | | Operating Expense: The expense of |
| Charleston | | could afford them significant savings | | an insurer other than commissions |
| Canton | | on their auto insurance. | | and taxes. Called " and Insurance |
| Walnut Creek | | | | Expense" in the convention statement |
| Mesquite | | Everyone has different needs, and | | blank. |
| Milwaukee | | not one size fits all when it comes to | | |
| Cleveland | | term life insurance. While it may make | | Brokerage Department: A department |
| Little Rock | | sense for people in their 30s and 40s | | of an insurer whose purpose is to |
| Fort Collins | | to secure a 20-year term length, a | | deal with brokers in the placing of |
| Albany | | 10-year term might be more | | insurance. |
| Bay City | | appropriate for someone nearing | | |
| Westbury | | retirement. | | Flat Cancellation: A policy which is |
| Belleville | | | | cancelled upon its effective date. |
| Trenton | | If you decide to cancel your policy | | Usually under a flat cancellation no |
| Madison | | (after acquiring new coverage) | | premium charge is made. |
| Birmingham | | outside of the 30-day period, you may | | |
| Palm Desert | | have to pay a fee or penalty. | | Provisions: Statements contained in |
| Garland | | However, you may still save money | | an insurance policy which explain the |
| Newburgh | | after paying the fee if your new policy | | benefits, conditions and other |
| Chattanooga | | affords you significant savings. So | | features of the insurance contract. |
| Dubuque | | while it is best to wait until your | | |
| San Jose | | receive your renewal notice, you CAN | | Valuation Clause: A clause stating the |
| Spring Hill | | cancel your policy at any time. | | value of items for insurance |
| Fresno | | | | purposes, making it a valued policy. |
| Wilmington | | Make sure you have a new policy in | | |
| El Paso | | place before you cancel your old one | | Malicious Mischief: Similar to |
| Newport Beach | | to avoid a lapse in coverage. This will | | vandalism. Purposely damaging the |
| Frederick | | also prevent having to figure out the | | rights or property of another. |
| Kansas City | | amount of any unused premium that is | | |
| Asheville | | due to you from your old insurance | | Index Bureau Experience: A measure |
| Bethlehem | | company, or having to spar with your | | of losses relating to claims reported |
| Sunnyvale | | agent about exactly when your policy | | through a claim office during a |
| Lawton | | was cancelled and how much they | | 12-month period. |
| Gulfport | | owe you. | | |