| | | | |
|
| Spring Hill | | While some companies raise their | | Accident Year Experience: Measures |
| Colorado Springs | | prices based on your actual age, | | premiums and losses relating to |
| Carlsbad | | most companies increase the price of | | accidents which occurred during a |
| Fall River | | their policies six months before your | | 12-month period. |
| Henderson | | birthday. Its a term called Age | | |
| Mesa | | Nearest in the industry, and that | | Earned Income: The money |
| Anderson | | half-year price increase could really | | individuals earn as a result of working |
| Chesapeake | | add up over a 20-year term policy. As | | at some job or occupation for which |
| Greeley | | above, the quicker you purchase your | | they are paid a salary. |
| Jackson | | policy the better. | | |
| Lake Charles | | | | Not Taken: Policies applied for and |
| Palm Harbor | | The best time to switch policies is | | issued but rejected by the proposed |
| Grand Junction | | within one month of receiving your | | owner and not paid for. |
| Bradenton | | policy renewal from your current | | |
| San Jose | | insurer. You can typically cancel your | | Authorized Insurer: An insurer |
| Kansas City | | policy without any fees or penalties if | | authorized by the state to transact |
| Woodbridge | | you act within this time period. | | business in that state for specific |
| Troy | | | | types of insurance. |
| Cape Coral | | People who are trying to quit | | |
| Johnstown | | smoking, for example, might be best | | Commercial Lines: This term is used |
| Costa Mesa | | suited purchasing a shorter term (and | | to refer to insurance for businesses, |
| Gulfport | | then replacing it with a longer term | | professionals, and commercial |
| Bloomington | | policy when they qualify for | | establishments. |
| Duluth | | non-tobacco prices). | | |
| Beaumont | | | | Agent's Qualification Law: Education, |
| Tulsa | | If you decide to cancel your policy | | experience, and other requirements |
| Akron | | (after acquiring new coverage) | | imposed by the state upon persons |
| Midland | | outside of the 30-day period, you may | | desiring to be licensed as agents. |
| Bloomington | | have to pay a fee or penalty. | | |
| Tempe | | However, you may still save money | | Countersignature: The signature of a |
| Muncie | | after paying the fee if your new policy | | licensed agent or representative on a |
| Jersey City | | affords you significant savings. So | | policy. |
| Allentown | | while it is best to wait until your | | |
| Livonia | | receive your renewal notice, you CAN | | Retrospective Premium: The final |
| Phoenix | | cancel your policy at any time. | | premium in a retrospective rating |
| Stockton | | | | plan. See Retrospective Rating. |
