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| Richmond | | If you have noticed that your auto | | Level Commission System: A system |
| Gainesville | | insurance rates are still increasing | | of commissions in which the first year |
| High Point | | with each renewal, or even have not | | and all renewal commissions are the |
| Lawton | | gone down even though you have a | | same percentage of the premium. |
| Baton Rouge | | great driving record, this lower pricing | | |
| Jasper | | trend makes it more important then | | Legislative Risk: A risk faced by |
| Cincinnati | | ever that you shop around for auto | | investors whereby changes in tax |
| Decatur | | insurance. | | laws can result in adverse effects on |
| Lubbock | | | | the individual's investment results. |
| Houma | | The best time to switch policies is | | |
| Coral Springs | | within one month of receiving your | | Short Rate Premium: The premium |
| Knoxville | | policy renewal from your current | | required for issuing a policy for a |
| Fresno | | insurer. You can typically cancel your | | period less than its normal term. |
| Columbus | | policy without any fees or penalties if | | |
| Hendersonville | | you act within this time period. | | Line of Business: The classification of |
| Florence | | | | business as utilized in the insurance |
| Southfield | | Everyone has different needs, and | | industry, e.g., Fire, Allied Lines and |
| Mobile | | not one size fits all when it comes to | | Homeowners. |
| Santa Barbara | | term life insurance. While it may make | | |
| Trenton | | sense for people in their 30s and 40s | | Substandard Risk: A risk not |
| Mesa | | to secure a 20-year term length, a | | measuring up to underwriting |
| Tacoma | | 10-year term might be more | | standards. It may still be written but |
| Flint | | appropriate for someone nearing | | usually at a surcharged premium. |
| San Diego | | retirement. | | |
| San Jose | | | | Producer: A term applied to an agent, |
| Florence | | While some companies raise their | | solicitor or other person who sells |
| Fayetteville | | prices based on your actual age, | | insurance. |
| Duluth | | most companies increase the price of | | |
| Delray Beach | | their policies six months before your | | Appraisal: An evaluation of property |
| Jonesboro | | birthday. Its a term called Age | | made to ascertain either the |
| San Diego | | Nearest in the industry, and that | | appropriate amount of insurance to |
| Pueblo | | half-year price increase could really | | be written or the amount of loss to be |
| Lansing | | add up over a 20-year term policy. As | | paid. |
| Peoria | | above, the quicker you purchase your | | |
| Muncie | | policy the better. | | |
