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| Lowell | | While some companies raise their | | Exclusions: Specific situations, |
| Bronx | | prices based on your actual age, | | conditions, or circumstances that are |
| Alpharetta | | most companies increase the price of | | listed in the contract as being not |
| Williamsburg | | their policies six months before your | | covered. |
| Gaithersburg | | birthday. Its a term called Age | | |
| Tyler | | Nearest in the industry, and that | | Net Interest Earned: The average |
| Duluth | | half-year price increase could really | | interest earned by an insurer on its |
| Santa Monica | | add up over a 20-year term policy. As | | investments after investment expense |
| Little Rock | | above, the quicker you purchase your | | but before federal income taxes. |
| Gulfport | | policy the better. | | |
| Turlock | | | | Burning Ratio: The ratio of losses |
| Grand Junction | | Healthy people have the best | | suffered to the amount of insurance in |
| Scottsdale | | mortality risks and thus are much | | effect. |
| Bethlehem | | cheaper for companies to insure. This | | |
| Grand Prairie | | translates into lower rates for the | | Open Rating: A system whereby a |
| Reading | | Super Preferred customer than | | state allows an insurer to use rates |
| South Bend | | someone with higher risk factors such | | without prior approval. |
| Columbus | | as a heart condition, cancer or | | |
| Elkhart | | diabetes. Conversely, if you were | | Insolvent Insurer: An insurer which is |
| Santa Rosa | | unhealthy when you acquired your | | unable to meet its financial |
| Tempe | | policy, and your health has now | | obligations. |
| Spring Hill | | improved, it might be time to shop for | | |
| Council Bluffs | | a new policy, as your rates are likely | | Liquidity: The ability of an insurer to |
| Orlando | | to be lower. | | convert its assets into cash to pay |
| Fort Myers | | | | claims if necessary. |
| Knoxville | | If you decide to cancel your policy | | |
| San Diego | | (after acquiring new coverage) | | Gain and Loss Exhibit: The portion of |
| Williamsburg | | outside of the 30-day period, you may | | the convention blank which |
| Stockbridge | | have to pay a fee or penalty. | | represents an analysis of gains, |
| Kingsport | | However, you may still save money | | losses, and surplus during an |
| Malden | | after paying the fee if your new policy | | accounting period. |
| Minneapolis | | affords you significant savings. So | | |
| Hendersonville | | while it is best to wait until your | | Business: In Property, Liability, and |
| Lawton | | receive your renewal notice, you CAN | | Health lines, it usually refers to the |
| Overland Park | | cancel your policy at any time. | | volume of premiums. |
