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| Spring Hill | | If you decide to cancel your policy | | Fictitious Groups: Groups formed |
| San Antonio | | (after acquiring new coverage) | | primarily for the purpose of buying |
| Pittsburgh | | outside of the 30-day period, you may | | insurance. Under the law such groups |
| Owensboro | | have to pay a fee or penalty. | | may not be underwritten. |
| Glendale | | However, you may still save money | | |
| Albany | | after paying the fee if your new policy | | Depreciation: A decrease in the value |
| Jersey City | | affords you significant savings. So | | of any type of tangible property over |
| Stockbridge | | while it is best to wait until your | | a period of time resulting from use, |
| Clinton Township | | receive your renewal notice, you CAN | | wear and tear, or obsolescence. |
| Hampton | | cancel your policy at any time. | | |
| Canton | | | | Effective Date: The date on which the |
| Albuquerque | | The quickest and easiest way to | | protection of an insurance policy or |
| Johnstown | | shop for new insurance is by | | bond goes into effect. |
| Spring Hill | | comparing rates at InsWebs online | | |
| Slidell | | marketplace. If you do it the | | Open Rating: A system whereby a |
| Williamsport | | old-fashioned way (by calling or | | state allows an insurer to use rates |
| Jacksonville | | visiting multiple agents or insurance | | without prior approval. |
| Malden | | companies) it could take up a huge | | |
| Winter Park | | chunk of your time, which no one | | Amendment: A formal document |
| Evansville | | wants or needs. By completing | | which corrects or revises an |
| Baltimore | | InsWebs online application, you will | | insurance master policy. |
| Detroit | | have rates to compare to your old | | |
| New York | | ones within minutes! | | Expense Allowance: A compensation |
| Abilene | | | | paid to an insurance agent in excess |
| Gaithersburg | | People who are trying to quit | | of prescribed commissions. |
| Abilene | | smoking, for example, might be best | | |
| Inglewood | | suited purchasing a shorter term (and | | Gain and Loss Exhibit: The portion of |
| Lakeland | | then replacing it with a longer term | | the convention blank which |
| Evanston | | policy when they qualify for | | represents an analysis of gains, |
| Clarksville | | non-tobacco prices). | | losses, and surplus during an |
| West Chester | | | | accounting period. |
| Worcester | | Make sure you have a new policy in | | |
| Cherry Hill | | place before you cancel your old one | | Commission of Authority: A document |
| Eugene | | to avoid a lapse in coverage. This will | | outlining the powers delegated to an |
| Naples | | also prevent having to figure out the | | agent by an insurer. |
| Longmont | | amount of any unused premium that is | | |
| Fullerton | | due to you from your old insurance | | |
| Honolulu | | company, or having to spar with your | | |
| Zanesville | | agent about exactly when your policy | | |
| Malden | | was cancelled and how much they | | |
| Athens | | owe you. | | |
