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| Marietta | | The best time to switch policies is | | Mandatory Valuation Reserve: A |
| Miami | | within one month of receiving your | | reserve required by a state law to |
| Oakland | | policy renewal from your current | | offset any declines in the valuation of |
| Mansfield | | insurer. You can typically cancel your | | securities listed as admitted assets. |
| Schenectady | | policy without any fees or penalties if | | |
| Waco | | you act within this time period. | | Gross Line: The total limit accepted |
| Cedar Rapids | | | | by an insurer on an individual risk, |
| Greenville | | Why not take advantage of current | | including the amount to be reinsured. |
| South Bend | | low prices? Many auto insurance | | |
| Anaheim | | consumers are becoming educated | | Not Taken: Policies applied for and |
| Pembroke Pines | | on other companies, plans, and rates | | issued but rejected by the proposed |
| Cherry Hill | | that are available to them; ones that | | owner and not paid for. |
| Jacksonville | | could afford them significant savings | | |
| Memphis | | on their auto insurance. | | Broker-Agent: One acting as an agent |
| Asheville | | | | of one or more insurers and as a |
| Mountain View | | While some companies raise their | | broker in dealing with one or more |
| Panama City | | prices based on your actual age, | | other insurers. |
| New Port Richey | | most companies increase the price of | | |
| Toledo | | their policies six months before your | | Loss Frequency: The number of times |
| Longview | | birthday. Its a term called Age | | a loss occurs over a specific period |
| Livonia | | Nearest in the industry, and that | | of time. |
| Jackson | | half-year price increase could really | | |
| Ogden | | add up over a 20-year term policy. As | | Level Commission System: A system |
| Biloxi | | above, the quicker you purchase your | | of commissions in which the first year |
| Cape Coral | | policy the better. | | and all renewal commissions are the |
| Richmond | | | | same percentage of the premium. |
| Lafayette | | Life insurance, specifically Term Life, | | |
| Gainesville | | is arguably one of the best values in | | Shock Loss: A catastrophic loss so |
| Abilene | | the entire financial services arena. | | large that it has a material effect on |
| Fairfax | | Where else can you go and get | | the underwriting results of a company. |
| Aurora | | hundreds of thousands of dollars in | | |
| Bellevue | | protection for literally pennies per | | Amendment: A formal document |
| Lansing | | day? Rates for Term Life insurance | | which corrects or revises an |
| Zanesville | | remain at all-time lows, and now is the | | insurance master policy. |
| Orange | | time to lock in the best prices. | | |
