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| Bakersfield | | People who are trying to quit | | Mandatory Valuation Reserve: A |
| Sarasota | | smoking, for example, might be best | | reserve required by a state law to |
| Mansfield | | suited purchasing a shorter term (and | | offset any declines in the valuation of |
| Valdosta | | then replacing it with a longer term | | securities listed as admitted assets. |
| Anderson | | policy when they qualify for | | |
| Oklahoma City | | non-tobacco prices). | | Exclusion: A contractual provision that |
| Englewood | | | | denies coverage for certain perils, |
| Burbank | | If you decide to cancel your policy | | persons, property, or locations. |
| Tempe | | (after acquiring new coverage) | | |
| Charlotte | | outside of the 30-day period, you may | | Line of Business: The classification of |
| Pasadena | | have to pay a fee or penalty. | | business as utilized in the insurance |
| Roanoke | | However, you may still save money | | industry, e.g., Fire, Allied Lines and |
| Tampa | | after paying the fee if your new policy | | Homeowners. |
| Baton Rouge | | affords you significant savings. So | | |
| Harrisburg | | while it is best to wait until your | | Shock Loss: A catastrophic loss so |
| Mesquite | | receive your renewal notice, you CAN | | large that it has a material effect on |
| Hickory | | cancel your policy at any time. | | the underwriting results of a company. |
