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| Columbus | | Make sure you have a new policy in | | Commission of Authority: A document |
| Springfield | | place before you cancel your old one | | outlining the powers delegated to an |
| Wilmington | | to avoid a lapse in coverage. This will | | agent by an insurer. |
| Florence | | also prevent having to figure out the | | |
| San Bernardino | | amount of any unused premium that is | | Provisions: Statements contained in |
| Whittier | | due to you from your old insurance | | an insurance policy which explain the |
| Fresno | | company, or having to spar with your | | benefits, conditions and other |
| Orange Park | | agent about exactly when your policy | | features of the insurance contract. |
| Silver Spring | | was cancelled and how much they | | |
| Anderson | | owe you. | | Brokerage Department: A department |
| Stamford | | | | of an insurer whose purpose is to |
| Worcester | | People who are trying to quit | | deal with brokers in the placing of |
| New Orleans | | smoking, for example, might be best | | insurance. |
| Decatur | | suited purchasing a shorter term (and | | |
| North Hollywood | | then replacing it with a longer term | | Monoline Policy: Any insurance |
| Tempe | | policy when they qualify for | | coverage written as a single line |
| Venice | | non-tobacco prices). | | policy. Contrast with Multiple Line or |
| Bethlehem | | | | Package policy. |
| Springfield | | Individuals who have 30-year | | |
| Silver Spring | | mortgages might want to consider a | | Loss Frequency: The number of times |
| Springfield | | 30-year term to ensure that the house | | a loss occurs over a specific period |
| Lawrenceville | | is protected throughout the period of | | of time. |
| Oceanside | | the loan. | | |
| Saginaw | | | | Calendar Year Experience: This |
| Palm Harbor | | If you decide to cancel your policy | | measures the premiums and losses |
| Boynton Beach | | (after acquiring new coverage) | | entered on accounting records during |
| Columbia | | outside of the 30-day period, you may | | the 12-month calendar. |
| Irvine | | have to pay a fee or penalty. | | |
| Garland | | However, you may still save money | | Indemnity: Restoration to the victim of |
| Tempe | | after paying the fee if your new policy | | a loss by payment, repair, or |
| Joliet | | affords you significant savings. So | | replacement. |
| Lafayette | | while it is best to wait until your | | |
| Scranton | | receive your renewal notice, you CAN | | Provisional Rate: Tentative rates, |
| Hemet | | cancel your policy at any time. | | premiums or commissions that are |
| Edison | | | | subject to subsequent adjustment. |
| Santa Barbara | | | | See Commission and Premium. |
