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| Jonesboro | | Why not take advantage of current | | Commission of Authority: A document |
| Turlock | | low prices? Many auto insurance | | outlining the powers delegated to an |
| Irvine | | consumers are becoming educated | | agent by an insurer. |
| Knoxville | | on other companies, plans, and rates | | |
| North Hollywood | | that are available to them; ones that | | Line of Business: The classification of |
| Carlsbad | | could afford them significant savings | | business as utilized in the insurance |
| Gainesville | | on their auto insurance. | | industry, e.g., Fire, Allied Lines and |
| Boston | | | | Homeowners. |
| Tallahassee | | Make sure you have a new policy in | | |
| Modesto | | place before you cancel your old one | | Agency Company: An insurance |
| Littleton | | to avoid a lapse in coverage. This will | | company that produces business |
| Plano | | also prevent having to figure out the | | through an agency network. Contrast |
| Hattiesburg | | amount of any unused premium that is | | with Direct Writer. |
| Madison | | due to you from your old insurance | | |
| Hendersonville | | company, or having to spar with your | | Not Taken: Policies applied for and |
| Lawton | | agent about exactly when your policy | | issued but rejected by the proposed |
| Biloxi | | was cancelled and how much they | | owner and not paid for. |
| Olympia | | owe you. | | |
| Waterloo | | | | Mutualization: The process of |
| Southfield | | Shopping around is the best way to | | converting a stock insurer to a mutual |
| Newark | | save money on your insurance. | | insurer, accomplished by having the |
| Houston | | | | insurer buy stock and retire it. |
| Grand Junction | | If you decide to cancel your policy | | |
| Stockton | | (after acquiring new coverage) | | Valuation Clause: A clause stating the |
| Duluth | | outside of the 30-day period, you may | | value of items for insurance |
| Scranton | | have to pay a fee or penalty. | | purposes, making it a valued policy. |
| Fayetteville | | However, you may still save money | | |
| Hemet | | after paying the fee if your new policy | | Agent's License: A certificate of |
| Washington | | affords you significant savings. So | | authority from the state which permits |
| Macon | | while it is best to wait until your | | the agent to conduct business. |
| Pompano Beach | | receive your renewal notice, you CAN | | |
| Melbourne | | cancel your policy at any time. | | Level Commission System: A system |
| Frederick | | | | of commissions in which the first year |
| Corona | | At InsWeb, you can compare free | | and all renewal commissions are the |
| Bradenton | | online insurance quotes from many of | | same percentage of the premium. |
| Newport Beach | | the nations leading insurance | | |
| Fremont | | companies. | | |
