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| Woodbridge | | People who are trying to quit | | Agency Contract (or Agreement): The |
| Scranton | | smoking, for example, might be best | | document which establishes the legal |
| Peoria | | suited purchasing a shorter term (and | | relationship between an agent and an |
| Madison | | then replacing it with a longer term | | insurer. |
| Montgomery | | policy when they qualify for | | |
| Irving | | non-tobacco prices). | | Renewal: The reestablishment of the |
| Houston | | | | in-force status of a policy, the term of |
| Greensboro | | While some companies raise their | | which has expired or will expire |
| Midland | | prices based on your actual age, | | unless it is renewed. |
| Warren | | most companies increase the price of | | |
| Hendersonville | | their policies six months before your | | Authorized Insurer: An insurer |
| Lawton | | birthday. Its a term called Age | | authorized by the state to transact |
| Overland Park | | Nearest in the industry, and that | | business in that state for specific |
| Alpharetta | | half-year price increase could really | | types of insurance. |
| Corona | | add up over a 20-year term policy. As | | |
| Kansas City | | above, the quicker you purchase your | | Basic Rate: The manual rate from |
| San Diego | | policy the better. | | which discounts are taken or to which |
| Burbank | | | | charges are added to reflect the |
| Winter Park | | Healthy people have the best | | individual circumstances of a risk. |
| Columbus | | mortality risks and thus are much | | |
| Topeka | | cheaper for companies to insure. This | | Notice To Company: Written notice to |
| Wichita | | translates into lower rates for the | | an insurer of the occurrence of an |
| Spartanburg | | Super Preferred customer than | | event which a claim is to be based. |
| Longview | | someone with higher risk factors such | | |
| Clarksville | | as a heart condition, cancer or | | Initial Premium: An amount paid at the |
| Johnson City | | diabetes. Conversely, if you were | | inception of an insurance contract, |
| Tallahassee | | unhealthy when you acquired your | | usually subject to adjustment at the |
| Bayside | | policy, and your health has now | | end of the policy period. |
| Chesapeake | | improved, it might be time to shop for | | |
| Hickory | | a new policy, as your rates are likely | | Underwriters Laboratories, Inc. (UL): A |
| Boise | | to be lower. | | testing laboratory for manufactured |
| Gulfport | | | | items to determine their safety |
| Cranston | | Why not take advantage of current | | propensities. |
| Decatur | | low prices? Many auto insurance | | |
| Venice | | consumers are becoming educated | | |
| Stockbridge | | on other companies, plans, and rates | | |
| Irvine | | that are available to them; ones that | | |
| Jackson | | could afford them significant savings | | |
| Oxnard | | on their auto insurance. | | |
