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| Fort Worth | | While some companies raise their | | Nonassignable: A policy that the |
| Williamsburg | | prices based on your actual age, | | owner cannot assign to a third party. |
| Lubbock | | most companies increase the price of | | Most policies are nonassignable |
| Killeen | | their policies six months before your | | unless approval is given by the |
| Lawton | | birthday. Its a term called Age | | insurer. |
| Santa Rosa | | Nearest in the industry, and that | | |
| Asheville | | half-year price increase could really | | Insurance to Value: Insurance written |
| Greeley | | add up over a 20-year term policy. As | | in an amount approximating the value |
| Columbus | | above, the quicker you purchase your | | of the property insured. |
| Hickory | | policy the better. | | |
| Roanoke | | | | Policy Anniversary: The anniversary |
| Oklahoma City | | If you have noticed that your auto | | of the date of issue of a policy as |
| Livonia | | insurance rates are still increasing | | shown in the policy declarations. |
| Rapid City | | with each renewal, or even have not | | |
| Spokane | | gone down even though you have a | | Lapsed Policy: One which has been |
| Orlando | | great driving record, this lower pricing | | allowed to expire because of |
| Sunnyvale | | trend makes it more important then | | nonpayment of premiums. |
| Chandler | | ever that you shop around for auto | | |
| Lansing | | insurance. | | Claim: A demand made by the |
| Hartford | | | | insured, or the insured's beneficiary, |
| Sioux City | | The quickest and easiest way to | | for payment of the benefits provided |
| Milwaukee | | shop for new insurance is by | | by the contract. |
| Huntington | | comparing rates at InsWebs online | | |
| Tacoma | | marketplace. If you do it the | | Fictitious Groups: Groups formed |
| Lowell | | old-fashioned way (by calling or | | primarily for the purpose of buying |
| St. Joseph | | visiting multiple agents or insurance | | insurance. Under the law such groups |
| Bloomington | | companies) it could take up a huge | | may not be underwritten. |
| Kalamazoo | | chunk of your time, which no one | | |
| Southfield | | wants or needs. By completing | | Level Commission System: A system |
| Goldsboro | | InsWebs online application, you will | | of commissions in which the first year |
| Walnut Creek | | have rates to compare to your old | | and all renewal commissions are the |
| Augusta | | ones within minutes! | | same percentage of the premium. |
