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| Southfield | | If you decide to cancel your policy | | Fictitious Groups: Groups formed |
| Rapid City | | (after acquiring new coverage) | | primarily for the purpose of buying |
| St. Paul | | outside of the 30-day period, you may | | insurance. Under the law such groups |
| Lexington | | have to pay a fee or penalty. | | may not be underwritten. |
| Wichita Falls | | However, you may still save money | | |
| Longview | | after paying the fee if your new policy | | Renewal: The reestablishment of the |
| Las Vegas | | affords you significant savings. So | | in-force status of a policy, the term of |
| Williamsburg | | while it is best to wait until your | | which has expired or will expire |
| Durham | | receive your renewal notice, you CAN | | unless it is renewed. |
| Naperville | | cancel your policy at any time. | | |
| Allentown | | | | Admitted (or Allowed) Assets: Assets |
| Stockbridge | | Healthy people have the best | | whose values are permitted by state |
| Des Moines | | mortality risks and thus are much | | law to be included in the annual |
| Ocala | | cheaper for companies to insure. This | | statement of the insurer. |
| Goldsboro | | translates into lower rates for the | | |
| Syracuse | | Super Preferred customer than | | Commercial Lines: This term is used |
| White Plains | | someone with higher risk factors such | | to refer to insurance for businesses, |
| Little Rock | | as a heart condition, cancer or | | professionals, and commercial |
| Honolulu | | diabetes. Conversely, if you were | | establishments. |
| New York | | unhealthy when you acquired your | | |
| Shreveport | | policy, and your health has now | | Agency Contract (or Agreement): The |
| Fayetteville | | improved, it might be time to shop for | | document which establishes the legal |
| Schaumburg | | a new policy, as your rates are likely | | relationship between an agent and an |
| Bloomington | | to be lower. | | insurer. |
