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| Vero Beach | | The quickest and easiest way to | | Tickler: A reminder system used to |
| Buffalo | | shop for new insurance is by | | call an individual's attention to actions |
| Fort Wayne | | comparing rates at InsWebs online | | that must be taken at a future point in |
| Sioux City | | marketplace. If you do it the | | time. |
| Washington | | old-fashioned way (by calling or | | |
| Fremont | | visiting multiple agents or insurance | | Commingling: An illegal practice |
| Salt Lake City | | companies) it could take up a huge | | which occurs when an agent mixes |
| Salt Lake City | | chunk of your time, which no one | | personal funds with the insured's or |
| St. Louis | | wants or needs. By completing | | insurer's funds. |
| Trenton | | InsWebs online application, you will | | |
| Pasadena | | have rates to compare to your old | | Policywriting Agent: An agent who has |
| Hampton | | ones within minutes! | | the authority to prepare and effect an |
| Rochester | | | | insurer's policy. |
| Fort Wayne | | If you decide to cancel your policy | | |
| Long Island City | | (after acquiring new coverage) | | Agency Contract (or Agreement): The |
| Tucson | | outside of the 30-day period, you may | | document which establishes the legal |
| Bloomington | | have to pay a fee or penalty. | | relationship between an agent and an |
| Newark | | However, you may still save money | | insurer. |
| Cape Coral | | after paying the fee if your new policy | | |
| Brooklyn | | affords you significant savings. So | | Producer: A term applied to an agent, |
| Indianapolis | | while it is best to wait until your | | solicitor or other person who sells |
| Augusta | | receive your renewal notice, you CAN | | insurance. |
| Melbourne | | cancel your policy at any time. | | |
| Springfield | | | | Mandatory Valuation Reserve: A |
| Longview | | Healthy people have the best | | reserve required by a state law to |
| Biloxi | | mortality risks and thus are much | | offset any declines in the valuation of |
| Johnson City | | cheaper for companies to insure. This | | securities listed as admitted assets. |
| Lubbock | | translates into lower rates for the | | |
| Los Angeles | | Super Preferred customer than | | Calendar Year Experience: This |
| Gainesville | | someone with higher risk factors such | | measures the premiums and losses |
| Valdosta | | as a heart condition, cancer or | | entered on accounting records during |
| Muncie | | diabetes. Conversely, if you were | | the 12-month calendar. |
| Daytona Beach | | unhealthy when you acquired your | | |
| St. Paul | | policy, and your health has now | | Buy-Back" Deductible: A deductible |
| Stockton | | improved, it might be time to shop for | | which may be eliminated for an |
| Springfield | | a new policy, as your rates are likely | | additional premium in order to |
| Greensboro | | to be lower. | | provide "first-dollar" coverage. |
