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| Long Beach | | While some companies raise their | | Legislative Risk: A risk faced by |
| Evanston | | prices based on your actual age, | | investors whereby changes in tax |
| Winter Park | | most companies increase the price of | | laws can result in adverse effects on |
| Abilene | | their policies six months before your | | the individual's investment results. |
| Houston | | birthday. Its a term called Age | | |
| Longmont | | Nearest in the industry, and that | | Replacement: A new policy written to |
| Minneapolis | | half-year price increase could really | | take the place of one currently in force. |
| Edmond | | add up over a 20-year term policy. As | | |
| Norwalk | | above, the quicker you purchase your | | Short Rate Premium: The premium |
| Salem | | policy the better. | | required for issuing a policy for a |
| Hemet | | | | period less than its normal term. |
| Stockbridge | | Shopping around is the best way to | | |
| Council Bluffs | | save money on your insurance. | | Substandard Risk: A risk not |
| Allentown | | | | measuring up to underwriting |
| Downey | | Make sure you have a new policy in | | standards. It may still be written but |
| Detroit | | place before you cancel your old one | | usually at a surcharged premium. |
| Portland | | to avoid a lapse in coverage. This will | | |
| Philadelphia | | also prevent having to figure out the | | Admitted Company: An insurance |
| Allentown | | amount of any unused premium that is | | company authorized and licensed to |
| Toms River | | due to you from your old insurance | | do business in a given state. |
| Rockville | | company, or having to spar with your | | |
| Omaha | | agent about exactly when your policy | | Admitted (or Allowed) Assets: Assets |
| Woodbridge | | was cancelled and how much they | | whose values are permitted by state |
| El Paso | | owe you. | | law to be included in the annual |
| Nashville | | | | statement of the insurer. |
| Owensboro | | If you decide to cancel your policy | | |
| Muskegon | | (after acquiring new coverage) | | Sherman Antitrust Act: An antitrust law |
| Dearborn | | outside of the 30-day period, you may | | from which insurance is exempted to |
| Coral Springs | | have to pay a fee or penalty. | | the extent that it is regulated by state |
| Tulsa | | However, you may still save money | | law. |
| Irvine | | after paying the fee if your new policy | | |
| Boca Raton | | affords you significant savings. So | | We/Us/Our: These words are used to |
| Joliet | | while it is best to wait until your | | refer to the insurer in many of the |
| Decatur | | receive your renewal notice, you CAN | | modernized/personalized policy |
| Chicago | | cancel your policy at any time. | | forms recently introduced. |
