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| Newport Beach | | Shopping around is the best way to | | Burning Ratio: The ratio of losses |
| Hemet | | save money on your insurance. | | suffered to the amount of insurance in |
| Boca Raton | | | | effect. |
| New Port Richey | | The quickest and easiest way to | | |
| Tempe | | shop for new insurance is by | | Open Rating: A system whereby a |
| Fayetteville | | comparing rates at InsWebs online | | state allows an insurer to use rates |
| Grand Junction | | marketplace. If you do it the | | without prior approval. |
| Odessa | | old-fashioned way (by calling or | | |
| Bellevue | | visiting multiple agents or insurance | | Broker of Record: A broker who has |
| Albuquerque | | companies) it could take up a huge | | been designated to handle certain |
| Pittsburgh | | chunk of your time, which no one | | insurance contracts for the |
| Reading | | wants or needs. By completing | | policyholder. |
| Omaha | | InsWebs online application, you will | | |
| Cincinnati | | have rates to compare to your old | | Convention Values: Values assigned |
| San Bernardino | | ones within minutes! | | to insurers' assets in the convention |
| Milwaukee | | | | blank. |
| Washington | | The best time to switch policies is | | |
| Inglewood | | within one month of receiving your | | Collusion: An agreement, usually |
| Gainesville | | policy renewal from your current | | secret, between two or more persons |
| Columbus | | insurer. You can typically cancel your | | to defraud or deprive another or |
| Elkhart | | policy without any fees or penalties if | | others of their property or rights. |
| Mesquite | | you act within this time period. | | |
| Bay City | | | | Examiner: An employee assigned by |
| Jersey City | | Healthy people have the best | | the state insurance department to |
| Tucson | | mortality risks and thus are much | | audit insurers' records. |
| Newburgh | | cheaper for companies to insure. This | | |
| Sacramento | | translates into lower rates for the | | Level Commission System: A system |
| Oakland | | Super Preferred customer than | | of commissions in which the first year |
| Gainesville | | someone with higher risk factors such | | and all renewal commissions are the |
| Newport Beach | | as a heart condition, cancer or | | same percentage of the premium. |
| High Point | | diabetes. Conversely, if you were | | |
| Johnson City | | unhealthy when you acquired your | | Capital Sum: The maximum lump sum |
| New York | | policy, and your health has now | | payable in the event of accidental |
| York | | improved, it might be time to shop for | | death or dismemberment. |
| Livonia | | a new policy, as your rates are likely | | |
| Long Island City | | to be lower. | | |
