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| Naperville | | While some companies raise their | | You/Your: These words are used to |
| Riverside | | prices based on your actual age, | | refer to the named insured in many of |
| Boulder | | most companies increase the price of | | the modernized/personalized policy |
| Lima | | their policies six months before your | | forms. |
| Staten Island | | birthday. Its a term called Age | | |
| Lincoln | | Nearest in the industry, and that | | Fictitious Groups: Groups formed |
| Cedar Rapids | | half-year price increase could really | | primarily for the purpose of buying |
| Escondido | | add up over a 20-year term policy. As | | insurance. Under the law such groups |
| Warwick | | above, the quicker you purchase your | | may not be underwritten. |
| Schaumburg | | policy the better. | | |
| Springfield | | | | Policywriting Agent: An agent who has |
| Gaithersburg | | Individuals who have 30-year | | the authority to prepare and effect an |
| Florence | | mortgages might want to consider a | | insurer's policy. |
| Corpus Christi | | 30-year term to ensure that the house | | |
| Little Rock | | is protected throughout the period of | | Operating Expense: The expense of |
| Pembroke Pines | | the loan. | | an insurer other than commissions |
| Fairfax | | | | and taxes. Called " and Insurance |
| Birmingham | | The best time to switch policies is | | Expense" in the convention statement |
| Bronx | | within one month of receiving your | | blank. |
| El Cajon | | policy renewal from your current | | |
| Lorain | | insurer. You can typically cancel your | | Open Rating: A system whereby a |
| Hendersonville | | policy without any fees or penalties if | | state allows an insurer to use rates |
| Newark | | you act within this time period. | | without prior approval. |
