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| Plano | | If you decide to cancel your policy | | Director of Insurance: A title used in |
| Waco | | (after acquiring new coverage) | | some states for the head of the |
| Staten Island | | outside of the 30-day period, you may | | department of insurance. |
| Dallas | | have to pay a fee or penalty. | | |
| Greenville | | However, you may still save money | | Brokerage Business: Business |
| St. Joseph | | after paying the fee if your new policy | | offered to an insurer by a broker. This |
| San Antonio | | affords you significant savings. So | | is sometimes called excess or |
| Topeka | | while it is best to wait until your | | surplus business. |
| Nashville | | receive your renewal notice, you CAN | | |
| Fairfax | | cancel your policy at any time. | | Depreciation: A decrease in the value |
| Huntsville | | | | of any type of tangible property over |
| Marietta | | Healthy people have the best | | a period of time resulting from use, |
| Las Cruces | | mortality risks and thus are much | | wear and tear, or obsolescence. |
| Stuart | | cheaper for companies to insure. This | | |
| Cypress | | translates into lower rates for the | | Deductible: The portion of an insured |
| Amarillo | | Super Preferred customer than | | loss to be borne by the insured |
| Sterling Heights | | someone with higher risk factors such | | before he is entitled to recovery from |
| Hemet | | as a heart condition, cancer or | | the insurer. |
| Overland Park | | diabetes. Conversely, if you were | | |
| Jackson | | unhealthy when you acquired your | | Standard Industry Code (SIC): This is |
| Las Vegas | | policy, and your health has now | | a coding system which assigns |
| Clarksville | | improved, it might be time to shop for | | separate codes for different types of |
| Atlanta | | a new policy, as your rates are likely | | industries. |
| Columbia | | to be lower. | | |
| Grand Prairie | | | | Partnership Entity: The partnership |
| New York | | While some companies raise their | | considered as an entity and not in |
| Trenton | | prices based on your actual age, | | terms of its individual part-owners. |
| Slidell | | most companies increase the price of | | |
| Quincy | | their policies six months before your | | Loss Frequency: The number of times |
| Mansfield | | birthday. Its a term called Age | | a loss occurs over a specific period |
| Bronx | | Nearest in the industry, and that | | of time. |
| Anchorage | | half-year price increase could really | | |
| Burbank | | add up over a 20-year term policy. As | | Retrospective Premium: The final |
| Anderson | | above, the quicker you purchase your | | premium in a retrospective rating |
| Fresno | | policy the better. | | plan. See Retrospective Rating. |
