| | | | |
|
| Lowell | | While some companies raise their | | Calendar Year Experience: This |
| Chesapeake | | prices based on your actual age, | | measures the premiums and losses |
| Jasper | | most companies increase the price of | | entered on accounting records during |
| Winter Park | | their policies six months before your | | the 12-month calendar. |
| Hattiesburg | | birthday. Its a term called Age | | |
| Rochester | | Nearest in the industry, and that | | Theory of Probability: The |
| Baltimore | | half-year price increase could really | | mathematical principle upon which |
| Flint | | add up over a 20-year term policy. As | | insurance is based. |
| Lexington | | above, the quicker you purchase your | | |
| Racine | | policy the better. | | Absolute Assignment: Assignment by |
| Palo Alto | | | | a policy owner of all control of and |
| Phoenix | | If you decide to cancel your policy | | rights in the policy to a third party. |
| Santa Monica | | (after acquiring new coverage) | | |
| San Antonio | | outside of the 30-day period, you may | | Paid-In Surplus: Surplus paid in by |
| Johnstown | | have to pay a fee or penalty. | | stockholders, as contrasted with |
| Silver Spring | | However, you may still save money | | surplus earned through the |
| Redlands | | after paying the fee if your new policy | | operations of a business. |
| Albuquerque | | affords you significant savings. So | | |
| Bronx | | while it is best to wait until your | | Director of Insurance: A title used in |
| Livonia | | receive your renewal notice, you CAN | | some states for the head of the |
| Phoenix | | cancel your policy at any time. | | department of insurance. |
