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| Wichita | | The quickest and easiest way to | | Criticism: A correction suggested by a |
| Cherry Hill | | shop for new insurance is by | | rating or auditing bureau to an insurer. |
| Dothan | | comparing rates at InsWebs online | | |
| Portsmouth | | marketplace. If you do it the | | You/Your: These words are used to |
| Midland | | old-fashioned way (by calling or | | refer to the named insured in many of |
| Jacksonville | | visiting multiple agents or insurance | | the modernized/personalized policy |
| Las Cruces | | companies) it could take up a huge | | forms. |
| Evansville | | chunk of your time, which no one | | |
| Bay City | | wants or needs. By completing | | Cash Flow Underwriting: The use of |
| Decatur | | InsWebs online application, you will | | rating and premium collection |
| Rapid City | | have rates to compare to your old | | techniques by insurance companies |
| Turlock | | ones within minutes! | | to maximize interest earnings on |
| Cypress | | | | premiums. |
| West Chester | | Individuals who have 30-year | | |
| Tucson | | mortgages might want to consider a | | Open Rating: A system whereby a |
| Chesapeake | | 30-year term to ensure that the house | | state allows an insurer to use rates |
| Alpharetta | | is protected throughout the period of | | without prior approval. |
| Youngstown | | the loan. | | |
| Long Island City | | | | Minimum Premium: The smallest |
| Lowell | | While some companies raise their | | amount of premium for which an |
| Pasadena | | prices based on your actual age, | | insurer will issue coverage under a |
| Dubuque | | most companies increase the price of | | given policy. |
| Kalamazoo | | their policies six months before your | | |
| Huntsville | | birthday. Its a term called Age | | Net Interest Earned: The average |
| Gainesville | | Nearest in the industry, and that | | interest earned by an insurer on its |
| Overland Park | | half-year price increase could really | | investments after investment expense |
| Austin | | add up over a 20-year term policy. As | | but before federal income taxes. |
| Spokane | | above, the quicker you purchase your | | |
| Garland | | policy the better. | | Tabular Plan: A retrospective rating |
| Asheville | | | | plan, which uses tables to furnish the |
| Augusta | | The best time to switch policies is | | various values for the rating formula. |
| Englewood | | within one month of receiving your | | |
| Plano | | policy renewal from your current | | Basic Rate: The manual rate from |
| Nashua | | insurer. You can typically cancel your | | which discounts are taken or to which |
| Sarasota | | policy without any fees or penalties if | | charges are added to reflect the |
| Pittsburgh | | you act within this time period. | | individual circumstances of a risk. |
