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| Hot Springs | | Why not take advantage of current | | Notice To Company: Written notice to |
| Longmont | | low prices? Many auto insurance | | an insurer of the occurrence of an |
| Fort Wayne | | consumers are becoming educated | | event which a claim is to be based. |
| Dothan | | on other companies, plans, and rates | | |
| Frederick | | that are available to them; ones that | | Net Retention: The amount of |
| Hot Springs | | could afford them significant savings | | insurance that a ceding company |
| Erie | | on their auto insurance. | | keeps for its own account and does |
| Cincinnati | | | | not reinsure. |
| Indianapolis | | While some companies raise their | | |
| Wichita | | prices based on your actual age, | | Incurred Expense: Expenses not yet |
| Fort Wayne | | most companies increase the price of | | paid. Can also include paid |
| Columbus | | their policies six months before your | | expenses in some accounting |
| Bloomington | | birthday. Its a term called Age | | systems. |
| Quincy | | Nearest in the industry, and that | | |
| Lakewood | | half-year price increase could really | | Mutualization: The process of |
| New Orleans | | add up over a 20-year term policy. As | | converting a stock insurer to a mutual |
| Shreveport | | above, the quicker you purchase your | | insurer, accomplished by having the |
| Florence | | policy the better. | | insurer buy stock and retire it. |