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| Boulder | | The quickest and easiest way to | | Agent's Qualification Law: Education, |
| Pembroke Pines | | shop for new insurance is by | | experience, and other requirements |
| Sterling Heights | | comparing rates at InsWebs online | | imposed by the state upon persons |
| Roanoke | | marketplace. If you do it the | | desiring to be licensed as agents. |
| Alpharetta | | old-fashioned way (by calling or | | |
| Springfield | | visiting multiple agents or insurance | | We/Us/Our: These words are used to |
| Toledo | | companies) it could take up a huge | | refer to the insurer in many of the |
| Anaheim | | chunk of your time, which no one | | modernized/personalized policy |
| Springfield | | wants or needs. By completing | | forms recently introduced. |
| Fayetteville | | InsWebs online application, you will | | |
| Boca Raton | | have rates to compare to your old | | Fictitious Groups: Groups formed |
| Clearwater | | ones within minutes! | | primarily for the purpose of buying |
| Evanston | | | | insurance. Under the law such groups |
| Boulder | | While some companies raise their | | may not be underwritten. |
| Evansville | | prices based on your actual age, | | |
| Goldsboro | | most companies increase the price of | | Level Commission System: A system |
| Bay City | | their policies six months before your | | of commissions in which the first year |
| Rochester | | birthday. Its a term called Age | | and all renewal commissions are the |
| Waco | | Nearest in the industry, and that | | same percentage of the premium. |
| Anchorage | | half-year price increase could really | | |
| Spartanburg | | add up over a 20-year term policy. As | | Net Loss: The amount of loss |
| Orlando | | above, the quicker you purchase your | | sustained by an insurer after giving |
| Los Angeles | | policy the better. | | effect to all applicable reinsurance, |
| Overland Park | | | | salvage, and subrogation recoveries. |
| Tallahassee | | Make sure you have a new policy in | | |
| Modesto | | place before you cancel your old one | | Time Limits: The limits of time within |
| Dallas | | to avoid a lapse in coverage. This will | | which notice of a claim and proof of a |
| Rapid City | | also prevent having to figure out the | | loss must be submitted. |
| Davenport | | amount of any unused premium that is | | |
| Houma | | due to you from your old insurance | | Burning Ratio: The ratio of losses |
| Mansfield | | company, or having to spar with your | | suffered to the amount of insurance in |
| Davenport | | agent about exactly when your policy | | effect. |
| Naples | | was cancelled and how much they | | |
| Sumter | | owe you. | | Examiner: An employee assigned by |
| El Paso | | | | the state insurance department to |
| Texarkana | | | | audit insurers' records. |
