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| Sumter | | We offer quotes for auto insurance, | | Paid-In Surplus: Surplus paid in by |
| Portland | | life insurance, homeowners | | stockholders, as contrasted with |
| Glendale | | insurance, health insurance, term life | | surplus earned through the |
| Corpus Christi | | insurance and more. | | operations of a business. |
| Reno | | | | |
| Pembroke Pines | | If you decide to cancel your policy | | Agent's Balance: A periodic |
| Lincoln | | (after acquiring new coverage) | | statement of the sums due and owed |
| Aurora | | outside of the 30-day period, you may | | to an agent under the agent's contract |
| Overland Park | | have to pay a fee or penalty. | | with an insurer. |
| Dayton | | However, you may still save money | | |
| Charleston | | after paying the fee if your new policy | | Divided Cover: The placing of |
| Sioux City | | affords you significant savings. So | | insurance on a given subject or |
| Alameda | | while it is best to wait until your | | object with more than one insurer. |
| Wichita Falls | | receive your renewal notice, you CAN | | |
| Lafayette | | cancel your policy at any time. | | Flat Cancellation: A policy which is |
| Owensboro | | | | cancelled upon its effective date. |
| El Cajon | | Make sure you have a new policy in | | Usually under a flat cancellation no |
| Stuart | | place before you cancel your old one | | premium charge is made. |
| Palm Desert | | to avoid a lapse in coverage. This will | | |
| Orlando | | also prevent having to figure out the | | Exclusion: A contractual provision that |
| White Plains | | amount of any unused premium that is | | denies coverage for certain perils, |
| Palo Alto | | due to you from your old insurance | | persons, property, or locations. |
| Albuquerque | | company, or having to spar with your | | |
| Knoxville | | agent about exactly when your policy | | Public Adjuster: An insurance adjuster |
| Biloxi | | was cancelled and how much they | | who represents an insured on a fee |
| Chesapeake | | owe you. | | basis in claims settlement. Contrast |
| Memphis | | | | with Independent Adjuster. |
| Daytona Beach | | Healthy people have the best | | |
| Bayside | | mortality risks and thus are much | | Mutualization: The process of |
| Tyler | | cheaper for companies to insure. This | | converting a stock insurer to a mutual |
| Mesa | | translates into lower rates for the | | insurer, accomplished by having the |
| Poughkeepsie | | Super Preferred customer than | | insurer buy stock and retire it. |
| Philadelphia | | someone with higher risk factors such | | |
| Southfield | | as a heart condition, cancer or | | Standard Industry Code (SIC): This is |
| Cincinnati | | diabetes. Conversely, if you were | | a coding system which assigns |
| Providence | | unhealthy when you acquired your | | separate codes for different types of |
| Wilmington | | policy, and your health has now | | industries. |
| Bellevue | | improved, it might be time to shop for | | |
| Mesquite | | a new policy, as your rates are likely | | |
| Bloomington | | to be lower. | | |
