| | | | |
|
| Fresno | | Make sure you have a new policy in | | Agent's Qualification Law: Education, |
| Youngstown | | place before you cancel your old one | | experience, and other requirements |
| Bloomington | | to avoid a lapse in coverage. This will | | imposed by the state upon persons |
| Melbourne | | also prevent having to figure out the | | desiring to be licensed as agents. |
| Orange | | amount of any unused premium that is | | |
| Newark | | due to you from your old insurance | | Buy-Back" Deductible: A deductible |
| Oceanside | | company, or having to spar with your | | which may be eliminated for an |
| Fremont | | agent about exactly when your policy | | additional premium in order to |
| Odessa | | was cancelled and how much they | | provide "first-dollar" coverage. |
| Longwood | | owe you. | | |
| Williamsburg | | | | Mutualization: The process of |
| Malden | | The best time to switch policies is | | converting a stock insurer to a mutual |
| Saginaw | | within one month of receiving your | | insurer, accomplished by having the |
| Pompano Beach | | policy renewal from your current | | insurer buy stock and retire it. |
| San Bernardino | | insurer. You can typically cancel your | | |
| Scottsdale | | policy without any fees or penalties if | | Society of Insurance Research: An |
| Virginia Beach | | you act within this time period. | | organization which encourages |
| Anaheim | | | | insurance research and promotes the |
| Denver | | Why not take advantage of current | | exchange of ideas and methods of |
| Decatur | | low prices? Many auto insurance | | research. |
| Fairfax | | consumers are becoming educated | | |
| San Bernardino | | on other companies, plans, and rates | | Insurance to Value: Insurance written |
| Lake Charles | | that are available to them; ones that | | in an amount approximating the value |
| Indianapolis | | could afford them significant savings | | of the property insured. |
| Athens | | on their auto insurance. | | |
| Fayetteville | | | | Mandatory Valuation Reserve: A |
| Anchorage | | People who are trying to quit | | reserve required by a state law to |
| Westbury | | smoking, for example, might be best | | offset any declines in the valuation of |
| Racine | | suited purchasing a shorter term (and | | securities listed as admitted assets. |
| Texarkana | | then replacing it with a longer term | | |
| Providence | | policy when they qualify for | | Broker-Agent: One acting as an agent |
| Cleveland | | non-tobacco prices). | | of one or more insurers and as a |
| Topeka | | | | broker in dealing with one or more |
| Winter Park | | Individuals who have 30-year | | other insurers. |
| Slidell | | mortgages might want to consider a | | |
| Biloxi | | 30-year term to ensure that the house | | |
| Gainesville | | is protected throughout the period of | | |
| Shreveport | | the loan. | | |
