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| Rockford | | If you decide to cancel your policy | | Admitted (or Allowed) Assets: Assets |
| Asheville | | (after acquiring new coverage) | | whose values are permitted by state |
| Baton Rouge | | outside of the 30-day period, you may | | law to be included in the annual |
| Lowell | | have to pay a fee or penalty. | | statement of the insurer. |
| Santa Barbara | | However, you may still save money | | |
| Athens | | after paying the fee if your new policy | | Agency Contract (or Agreement): The |
| Naples | | affords you significant savings. So | | document which establishes the legal |
| Spartanburg | | while it is best to wait until your | | relationship between an agent and an |
| Conroe | | receive your renewal notice, you CAN | | insurer. |
| Alexandria | | cancel your policy at any time. | | |
| Turlock | | | | American Risk and Insurance |
| Mansfield | | Everyone has different needs, and | | Association: An association of |
| Edmond | | not one size fits all when it comes to | | insurance educators and others |
| Joliet | | term life insurance. While it may make | | interested in insurance study and |
| Killeen | | sense for people in their 30s and 40s | | research. |
| Fort Smith | | to secure a 20-year term length, a | | |
| Scottsdale | | 10-year term might be more | | Net Loss: The amount of loss |
| Wichita Falls | | appropriate for someone nearing | | sustained by an insurer after giving |
| Edmond | | retirement. | | effect to all applicable reinsurance, |
| Greenville | | | | salvage, and subrogation recoveries. |
| Kansas City | | Healthy people have the best | | |
| Houma | | mortality risks and thus are much | | Underwriters Laboratories, Inc. (UL): A |
| Youngstown | | cheaper for companies to insure. This | | testing laboratory for manufactured |
| Las Cruces | | translates into lower rates for the | | items to determine their safety |
| Indianapolis | | Super Preferred customer than | | propensities. |
| Redlands | | someone with higher risk factors such | | |
| Stockton | | as a heart condition, cancer or | | Valued: Relating to an agreement by |
| Wilmington | | diabetes. Conversely, if you were | | an insurer to pay a specified amount |
| Kingsport | | unhealthy when you acquired your | | of money to or on behalf of the |
| Downey | | policy, and your health has now | | insured upon occurrence of a defined |
| Orange | | improved, it might be time to shop for | | loss. |
| Gainesville | | a new policy, as your rates are likely | | |
| Garland | | to be lower. | | Time Limits: The limits of time within |
| Albany | | | | which notice of a claim and proof of a |
| Pasadena | | | | loss must be submitted. |
