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| Naperville | | Make sure you have a new policy in | | Gross Premium: The net premium |
| Franklin | | place before you cancel your old one | | plus operating expenses, |
| Springfield | | to avoid a lapse in coverage. This will | | commissions and other expenses. |
| Waco | | also prevent having to figure out the | | |
| Milwaukee | | amount of any unused premium that is | | Initial Premium: An amount paid at the |
| Huntsville | | due to you from your old insurance | | inception of an insurance contract, |
| Los Angeles | | company, or having to spar with your | | usually subject to adjustment at the |
| Sterling Heights | | agent about exactly when your policy | | end of the policy period. |
| Aurora | | was cancelled and how much they | | |
| Manchester | | owe you. | | Agency Contract (or Agreement): The |
| Dubuque | | | | document which establishes the legal |
| Decatur | | Everyone has different needs, and | | relationship between an agent and an |
| Walnut Creek | | not one size fits all when it comes to | | insurer. |
| Conroe | | term life insurance. While it may make | | |
| Slidell | | sense for people in their 30s and 40s | | Deficit Carried Forward: The transfer |
| Fort Wayne | | to secure a 20-year term length, a | | of a debit balance from one |
| Irvine | | 10-year term might be more | | accounting period to another. |
| Indianapolis | | appropriate for someone nearing | | |
| Brooklyn | | retirement. | | Provisional Rate: Tentative rates, |
| Clearwater | | | | premiums or commissions that are |
| Plano | | Healthy people have the best | | subject to subsequent adjustment. |
| Venice | | mortality risks and thus are much | | See Commission and Premium. |
| Stockton | | cheaper for companies to insure. This | | |
| Zanesville | | translates into lower rates for the | | Net Loss: The amount of loss |
| Overland Park | | Super Preferred customer than | | sustained by an insurer after giving |
| Hampton | | someone with higher risk factors such | | effect to all applicable reinsurance, |
| Bayside | | as a heart condition, cancer or | | salvage, and subrogation recoveries. |
| Santa Ana | | diabetes. Conversely, if you were | | |
| Oceanside | | unhealthy when you acquired your | | Agency Company: An insurance |
| Fayetteville | | policy, and your health has now | | company that produces business |
| Knoxville | | improved, it might be time to shop for | | through an agency network. Contrast |
| Hollywood | | a new policy, as your rates are likely | | with Direct Writer. |
| Florence | | to be lower. | | |
| Austin | | | | Insurance Examiner: The |
| El Paso | | | | representative of a state insurance |
| Silver Spring | | | | department assigned to participate in |
| Honolulu | | | | the official audit and examination of |
| Cambridge | | | | an insurer. |
