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| Longview | | If you have noticed that your auto | | Losses Incurred: The total losses, |
| Alpharetta | | insurance rates are still increasing | | whether paid or not, sustained by an |
| Bakersfield | | with each renewal, or even have not | | insurer during a given period, e.g., 12 |
| Augusta | | gone down even though you have a | | months. |
| Edmond | | great driving record, this lower pricing | | |
| Glendale | | trend makes it more important then | | Authorized Insurer: An insurer |
| Sterling Heights | | ever that you shop around for auto | | authorized by the state to transact |
| Littleton | | insurance. | | business in that state for specific |
| Denver | | | | types of insurance. |
| Alexandria | | The quickest and easiest way to | | |
| South Bend | | shop for new insurance is by | | Fictitious Groups: Groups formed |
| Longview | | comparing rates at InsWebs online | | primarily for the purpose of buying |
| Newport News | | marketplace. If you do it the | | insurance. Under the law such groups |
| Louisville | | old-fashioned way (by calling or | | may not be underwritten. |
| Dallas | | visiting multiple agents or insurance | | |
| Florissant | | companies) it could take up a huge | | Sherman Antitrust Act: An antitrust law |
| Midland | | chunk of your time, which no one | | from which insurance is exempted to |
| Midland | | wants or needs. By completing | | the extent that it is regulated by state |
| Cape Coral | | InsWebs online application, you will | | law. |
| Tucson | | have rates to compare to your old | | |
| Muncie | | ones within minutes! | | Short-Term Policy: A policy written for |
| Jacksonville | | | | a period of less time than is normal for |
| Huntsville | | People who are trying to quit | | that type of policy. |
| Huntington | | smoking, for example, might be best | | |
| Silver Spring | | suited purchasing a shorter term (and | | Indemnity: Restoration to the victim of |
| Houma | | then replacing it with a longer term | | a loss by payment, repair, or |
| Fairfax | | policy when they qualify for | | replacement. |
| Flint | | non-tobacco prices). | | |
| Virginia Beach | | | | Agent's Qualification Law: Education, |
| Palm Harbor | | The best time to switch policies is | | experience, and other requirements |
| Asheville | | within one month of receiving your | | imposed by the state upon persons |
| Charlotte | | policy renewal from your current | | desiring to be licensed as agents. |
| Tulsa | | insurer. You can typically cancel your | | |
| Irvine | | policy without any fees or penalties if | | Equity: The money value of an |
| Hickory | | you act within this time period. | | insurance company that is over and |
| Huntington Beach | | | | above its liabilities. Liabilities include |
| Winter Park | | | | almost all of its reserves. |
