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| Fairfax | | Make sure you have a new policy in | | Authorized Insurer: An insurer |
| Newburgh | | place before you cancel your old one | | authorized by the state to transact |
| Winter Park | | to avoid a lapse in coverage. This will | | business in that state for specific |
| Toms River | | also prevent having to figure out the | | types of insurance. |
| Newport Beach | | amount of any unused premium that is | | |
| Reno | | due to you from your old insurance | | Loss Adjustment Expense: The cost |
| Flint | | company, or having to spar with your | | of adjusting losses, excluding the |
| Aurora | | agent about exactly when your policy | | amount of the loss itself. |
| Hot Springs | | was cancelled and how much they | | |
| Asheville | | owe you. | | Operating Expense: The expense of |
| Conroe | | | | an insurer other than commissions |
| Woodbridge | | While some companies raise their | | and taxes. Called " and Insurance |
| Westbury | | prices based on your actual age, | | Expense" in the convention statement |
| Union | | most companies increase the price of | | blank. |
| Davenport | | their policies six months before your | | |
| Yuma | | birthday. Its a term called Age | | License: A certification of authority for |
| Cape Coral | | Nearest in the industry, and that | | an agent or insurer to operate, given |
| Mobile | | half-year price increase could really | | by the appropriate jurisdiction. |
| Columbus | | add up over a 20-year term policy. As | | |
| Irving | | above, the quicker you purchase your | | Brokerage Business: Business |
| Canton | | policy the better. | | offered to an insurer by a broker. This |
| Manchester | | | | is sometimes called excess or |
| Beaumont | | Shopping around is the best way to | | surplus business. |
| Fredericksburg | | save money on your insurance. | | |
| Stockton | | | | Mutualization: The process of |
| Tempe | | The quickest and easiest way to | | converting a stock insurer to a mutual |
| Providence | | shop for new insurance is by | | insurer, accomplished by having the |
| St. Joseph | | comparing rates at InsWebs online | | insurer buy stock and retire it. |
| Troy | | marketplace. If you do it the | | |
| Newport Beach | | old-fashioned way (by calling or | | Losses Incurred: The total losses, |
| Scottsdale | | visiting multiple agents or insurance | | whether paid or not, sustained by an |
| Minneapolis | | companies) it could take up a huge | | insurer during a given period, e.g., 12 |
| Springfield | | chunk of your time, which no one | | months. |
| Kansas City | | wants or needs. By completing | | |
| Palm Harbor | | InsWebs online application, you will | | |
| Oxnard | | have rates to compare to your old | | |
| Decatur | | ones within minutes! | | |
