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| Longmont | | The best time to switch policies is | | Flat Cancellation: A policy which is |
| Wilmington | | within one month of receiving your | | cancelled upon its effective date. |
| Lake Charles | | policy renewal from your current | | Usually under a flat cancellation no |
| Providence | | insurer. You can typically cancel your | | premium charge is made. |
| Atlanta | | policy without any fees or penalties if | | |
| Tyler | | you act within this time period. | | Dual Life Stock Company: A stock |
| Winter Park | | | | Life insurer issuing both participating |
| Norwalk | | Shopping around is the best way to | | and nonparticipating policy contracts. |
| Garland | | save money on your insurance. | | |
| Winter Haven | | | | Commission of Authority: A document |
| Nashville | | The quickest and easiest way to | | outlining the powers delegated to an |
| Englewood | | shop for new insurance is by | | agent by an insurer. |
| Newburgh | | comparing rates at InsWebs online | | |
| Lawton | | marketplace. If you do it the | | Policy Period (or Term): The period |
| Oklahoma City | | old-fashioned way (by calling or | | during which the policy contract |
| Jersey City | | visiting multiple agents or insurance | | affords protection, e.g., six months or |
| Philadelphia | | companies) it could take up a huge | | one or three years. |
| Scranton | | chunk of your time, which no one | | |
| Toms River | | wants or needs. By completing | | Admitted Company: An insurance |
| Cedar Rapids | | InsWebs online application, you will | | company authorized and licensed to |
| Arlington | | have rates to compare to your old | | do business in a given state. |
| Southfield | | ones within minutes! | | |
| North Hollywood | | | | Net Interest Earned: The average |
| Youngstown | | Make sure you have a new policy in | | interest earned by an insurer on its |
| Inglewood | | place before you cancel your old one | | investments after investment expense |
| Boca Raton | | to avoid a lapse in coverage. This will | | but before federal income taxes. |
| Santa Monica | | also prevent having to figure out the | | |
| Santa Clara | | amount of any unused premium that is | | Gain and Loss Exhibit: The portion of |
| Lake Charles | | due to you from your old insurance | | the convention blank which |
| Flint | | company, or having to spar with your | | represents an analysis of gains, |
| Irving | | agent about exactly when your policy | | losses, and surplus during an |
| Kansas City | | was cancelled and how much they | | accounting period. |
| Southfield | | owe you. | | |
| Daytona Beach | | | | Earned Income: The money |
| Pembroke Pines | | | | individuals earn as a result of working |
| Fall River | | | | at some job or occupation for which |
| Tucson | | | | they are paid a salary. |
