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| Bloomington | | The best time to switch policies is | | Lloyd's Broker: A person who has the |
| Jasper | | within one month of receiving your | | authority to negotiate insurance |
| Fredericksburg | | policy renewal from your current | | contracts with the underwriters on the |
| Ogden | | insurer. You can typically cancel your | | floor at Lloyd's. |
| Biloxi | | policy without any fees or penalties if | | |
| Dallas | | you act within this time period. | | Lapsed Policy: One which has been |
| Longwood | | | | allowed to expire because of |
| Gainesville | | Individuals who have 30-year | | nonpayment of premiums. |
| Abilene | | mortgages might want to consider a | | |
| Grand Prairie | | 30-year term to ensure that the house | | Level Commission System: A system |
| Newport News | | is protected throughout the period of | | of commissions in which the first year |
| Evanston | | the loan. | | and all renewal commissions are the |
| Escondido | | | | same percentage of the premium. |
| Glendale | | If you have noticed that your auto | | |
| Jackson | | insurance rates are still increasing | | Fictitious Groups: Groups formed |
| Redlands | | with each renewal, or even have not | | primarily for the purpose of buying |
| Duluth | | gone down even though you have a | | insurance. Under the law such groups |
| Lakeland | | great driving record, this lower pricing | | may not be underwritten. |
| Rockford | | trend makes it more important then | | |
| Minneapolis | | ever that you shop around for auto | | Short Rate Premium: The premium |
| Long Beach | | insurance. | | required for issuing a policy for a |
| Fort Smith | | | | period less than its normal term. |
| Waterloo | | Shopping around is the best way to | | |
| Springfield | | save money on your insurance. | | Policywriting Agent: An agent who has |
| Jonesboro | | | | the authority to prepare and effect an |
| Lafayette | | Make sure you have a new policy in | | insurer's policy. |
| Glendale | | place before you cancel your old one | | |
| Ventura | | to avoid a lapse in coverage. This will | | Deflation: An economic period |
| Franklin | | also prevent having to figure out the | | characterized by falling prices, high |
| Littleton | | amount of any unused premium that is | | unemployment and a generally |
| Tempe | | due to you from your old insurance | | sluggish or slow economy. |
| Bakersfield | | company, or having to spar with your | | |
| Grand Prairie | | agent about exactly when your policy | | Domestic Insurer (or Company): An |
| Sunnyvale | | was cancelled and how much they | | insurer formed under the laws of the |
| Stuart | | owe you. | | state in which the insurance is written. |
