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| Fort Worth | | Make sure you have a new policy in | | Premium Receipt: The receipt given |
| White Plains | | place before you cancel your old one | | a policy owner for the payment of a |
| Virginia Beach | | to avoid a lapse in coverage. This will | | premium. |
| West Chester | | also prevent having to figure out the | | |
| Alameda | | amount of any unused premium that is | | Gain and Loss Exhibit: The portion of |
| Tempe | | due to you from your old insurance | | the convention blank which |
| Spring Hill | | company, or having to spar with your | | represents an analysis of gains, |
| Birmingham | | agent about exactly when your policy | | losses, and surplus during an |
| Miami | | was cancelled and how much they | | accounting period. |
| Florence | | owe you. | | |
| Naperville | | | | Coding: A method of putting |
| Atlanta | | While some companies raise their | | information into a numerical form for |
| Scottsdale | | prices based on your actual age, | | statistical use. Most information on |
| Stuart | | most companies increase the price of | | policies is coded and then put into |
| Springfield | | their policies six months before your | | reports. |
| West Palm Beach | | birthday. Its a term called Age | | |
| Seattle | | Nearest in the industry, and that | | Loss Adjustment Expense: The cost |
| Ogden | | half-year price increase could really | | of adjusting losses, excluding the |
| Davenport | | add up over a 20-year term policy. As | | amount of the loss itself. |
| Manchester | | above, the quicker you purchase your | | |
| Bayside | | policy the better. | | Federal Deposit Insurance |
| Spring Hill | | | | Corporation (FDIC): An agency of the |
| White Plains | | The best time to switch policies is | | federal government which insures |
| Ann Arbor | | within one month of receiving your | | bank deposits up to a stated |
| Belleville | | policy renewal from your current | | maximum. |
| Fairfax | | insurer. You can typically cancel your | | |
| Escondido | | policy without any fees or penalties if | | Incurred Expense: Expenses not yet |
| Glendale | | you act within this time period. | | paid. Can also include paid |
| Marietta | | | | expenses in some accounting |
| High Point | | If you decide to cancel your policy | | systems. |
| Aurora | | (after acquiring new coverage) | | |
| Schenectady | | outside of the 30-day period, you may | | Standard Industry Code (SIC): This is |
| Bronx | | have to pay a fee or penalty. | | a coding system which assigns |
| Tempe | | However, you may still save money | | separate codes for different types of |
| Long Island City | | after paying the fee if your new policy | | industries. |
| Jasper | | affords you significant savings. So | | |
| Jackson | | while it is best to wait until your | | |
| Roanoke | | receive your renewal notice, you CAN | | |
| Stockton | | cancel your policy at any time. | | |
