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| Lawrenceville | | The best time to switch policies is | | Short Rate Premium: The premium |
| Whittier | | within one month of receiving your | | required for issuing a policy for a |
| Kansas City | | policy renewal from your current | | period less than its normal term. |
| Henderson | | insurer. You can typically cancel your | | |
| Toms River | | policy without any fees or penalties if | | Mandatory Valuation Reserve: A |
| Decatur | | you act within this time period. | | reserve required by a state law to |
| Owensboro | | | | offset any declines in the valuation of |
| Pittsburgh | | While some companies raise their | | securities listed as admitted assets. |
| Midland | | prices based on your actual age, | | |
| Biloxi | | most companies increase the price of | | Net Retention: The amount of |
| Newark | | their policies six months before your | | insurance that a ceding company |
| Oxnard | | birthday. Its a term called Age | | keeps for its own account and does |
| Tallahassee | | Nearest in the industry, and that | | not reinsure. |
| Savannah | | half-year price increase could really | | |
| Daytona Beach | | add up over a 20-year term policy. As | | Initial Premium: An amount paid at the |
| Indianapolis | | above, the quicker you purchase your | | inception of an insurance contract, |
| Brooklyn | | policy the better. | | usually subject to adjustment at the |
| Cedar Rapids | | | | end of the policy period. |
| St. Paul | | Healthy people have the best | | |
| Plano | | mortality risks and thus are much | | Net Interest Earned: The average |
| Santa Barbara | | cheaper for companies to insure. This | | interest earned by an insurer on its |
| Irving | | translates into lower rates for the | | investments after investment expense |
| Worcester | | Super Preferred customer than | | but before federal income taxes. |
| Peoria | | someone with higher risk factors such | | |
| Lincoln | | as a heart condition, cancer or | | Interstate Carrier: A transportation |
| Little Rock | | diabetes. Conversely, if you were | | company which does business |
| Reading | | unhealthy when you acquired your | | across state lines. |
| Escondido | | policy, and your health has now | | |
| Riverside | | improved, it might be time to shop for | | Valuation Clause: A clause stating the |
| South Bend | | a new policy, as your rates are likely | | value of items for insurance |
| Bakersfield | | to be lower. | | purposes, making it a valued policy. |
