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| Erie | | Shopping around is the best way to | | Provisional Rate: Tentative rates, |
| Boston | | save money on your insurance. | | premiums or commissions that are |
| Eugene | | | | subject to subsequent adjustment. |
| Slidell | | The best time to switch policies is | | See Commission and Premium. |
| Ann Arbor | | within one month of receiving your | | |
| Arlington | | policy renewal from your current | | Book Value: Refers to the value of |
| Beaumont | | insurer. You can typically cancel your | | assets as shown in the official |
| Anderson | | policy without any fees or penalties if | | accounting records of the company. |
| Corona | | you act within this time period. | | |
| Oklahoma City | | | | Valuation Clause: A clause stating the |
| Slidell | | People who are trying to quit | | value of items for insurance |
| Hartford | | smoking, for example, might be best | | purposes, making it a valued policy. |
| Jackson | | suited purchasing a shorter term (and | | |
| Racine | | then replacing it with a longer term | | Equity: The money value of an |
| St. Paul | | policy when they qualify for | | insurance company that is over and |
| Orange | | non-tobacco prices). | | above its liabilities. Liabilities include |
| Fort Worth | | | | almost all of its reserves. |
| Costa Mesa | | Why not take advantage of current | | |
| Detroit | | low prices? Many auto insurance | | Agency: An insurance sales office |
| Davenport | | consumers are becoming educated | | which is directed by a agent, |
| Chandler | | on other companies, plans, and rates | | manager, independent agent, or |
| Overland Park | | that are available to them; ones that | | company manager. |
| Lubbock | | could afford them significant savings | | |
| Macon | | on their auto insurance. | | Premium Notice: A form notice from |
| Monroe | | | | an insurer or agency to a policy |
| Davenport | | Healthy people have the best | | owner that a premium will be due on a |
| Cookeville | | mortality risks and thus are much | | given date. |
| Longmont | | cheaper for companies to insure. This | | |
| Modesto | | translates into lower rates for the | | Submitted Business: Applications for |
| Providence | | Super Preferred customer than | | insurance submitted to an insurer but |
| Spartanburg | | someone with higher risk factors such | | not yet acted upon by it. |
| Allentown | | as a heart condition, cancer or | | |
| Honolulu | | diabetes. Conversely, if you were | | License: A certification of authority for |
| Billings | | unhealthy when you acquired your | | an agent or insurer to operate, given |
| Council Bluffs | | policy, and your health has now | | by the appropriate jurisdiction. |
| Bradenton | | improved, it might be time to shop for | | |
| Lake Worth | | a new policy, as your rates are likely | | |
| Tempe | | to be lower. | | |
