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| Glendale | | Make sure you have a new policy in | | Flat Cancellation: A policy which is |
| Indianapolis | | place before you cancel your old one | | cancelled upon its effective date. |
| Houston | | to avoid a lapse in coverage. This will | | Usually under a flat cancellation no |
| Colorado Springs | | also prevent having to figure out the | | premium charge is made. |
| Quincy | | amount of any unused premium that is | | |
| Midland | | due to you from your old insurance | | Level Commission System: A system |
| Bellevue | | company, or having to spar with your | | of commissions in which the first year |
| San Francisco | | agent about exactly when your policy | | and all renewal commissions are the |
| Orlando | | was cancelled and how much they | | same percentage of the premium. |
| Mansfield | | owe you. | | |
| Reading | | | | Shock Loss: A catastrophic loss so |
| Columbus | | Individuals who have 30-year | | large that it has a material effect on |
| Mountain View | | mortgages might want to consider a | | the underwriting results of a company. |
| Tacoma | | 30-year term to ensure that the house | | |
| Evansville | | is protected throughout the period of | | Partnership: A business enterprise |
| New Orleans | | the loan. | | owned and operated by two or more |
| Anaheim | | | | persons for the purpose of generating |
| Lima | | Life insurance, specifically Term Life, | | business income and profits. |
| Macon | | is arguably one of the best values in | | |
| Kansas City | | the entire financial services arena. | | Loss Adjustment Expense: The cost |
| Cherry Hill | | Where else can you go and get | | of adjusting losses, excluding the |
| Wichita Falls | | hundreds of thousands of dollars in | | amount of the loss itself. |
| Newburgh | | protection for literally pennies per | | |
| Spokane | | day? Rates for Term Life insurance | | Overlapping Insurance: Coverage |
| Bloomington | | remain at all-time lows, and now is the | | from two or more policies or insurers |
| Lima | | time to lock in the best prices. | | which duplicates coverage of certain |
| Davenport | | | | risks. |
| Downey | | If you have noticed that your auto | | |
| Lawton | | insurance rates are still increasing | | Mandatory Valuation Reserve: A |
| Evansville | | with each renewal, or even have not | | reserve required by a state law to |
| Greenville | | gone down even though you have a | | offset any declines in the valuation of |
| Waco | | great driving record, this lower pricing | | securities listed as admitted assets. |
| Bayside | | trend makes it more important then | | |
| Akron | | ever that you shop around for auto | | Admitted Company: An insurance |
| Biloxi | | insurance. | | company authorized and licensed to |
| Springfield | | | | do business in a given state. |
