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| Manchester | | The best time to switch policies is | | Paid-In Surplus: Surplus paid in by |
| Jasper | | within one month of receiving your | | stockholders, as contrasted with |
| Huntington | | policy renewal from your current | | surplus earned through the |
| Mobile | | insurer. You can typically cancel your | | operations of a business. |
| Palm Harbor | | policy without any fees or penalties if | | |
| Anderson | | you act within this time period. | | American Risk and Insurance |
| Palm Harbor | | | | Association: An association of |
| Gainesville | | While some companies raise their | | insurance educators and others |
| Racine | | prices based on your actual age, | | interested in insurance study and |
| Sterling Heights | | most companies increase the price of | | research. |
| Jacksonville | | their policies six months before your | | |
| Venice | | birthday. Its a term called Age | | Not Taken: Policies applied for and |
| Wilmington | | Nearest in the industry, and that | | issued but rejected by the proposed |
| Atlanta | | half-year price increase could really | | owner and not paid for. |
| Conroe | | add up over a 20-year term policy. As | | |
| Decatur | | above, the quicker you purchase your | | Monoline Policy: Any insurance |
| Glendale | | policy the better. | | coverage written as a single line |
| Chula Vista | | | | policy. Contrast with Multiple Line or |
| Hot Springs | | Why not take advantage of current | | Package policy. |
| Woodbridge | | low prices? Many auto insurance | | |
| Waco | | consumers are becoming educated | | Submitted Business: Applications for |
| Lake Worth | | on other companies, plans, and rates | | insurance submitted to an insurer but |
| Duluth | | that are available to them; ones that | | not yet acted upon by it. |
| Anderson | | could afford them significant savings | | |
| Springfield | | on their auto insurance. | | Mandatory Valuation Reserve: A |
| Decatur | | | | reserve required by a state law to |
| Anaheim | | If you decide to cancel your policy | | offset any declines in the valuation of |
| Decatur | | (after acquiring new coverage) | | securities listed as admitted assets. |
| South Bend | | outside of the 30-day period, you may | | |
| Clarksville | | have to pay a fee or penalty. | | Exclusions: Specific situations, |
| Walnut Creek | | However, you may still save money | | conditions, or circumstances that are |
| Hickory | | after paying the fee if your new policy | | listed in the contract as being not |
| Longmont | | affords you significant savings. So | | covered. |
| Boston | | while it is best to wait until your | | |
| Huntington Beach | | receive your renewal notice, you CAN | | |
| Cranston | | cancel your policy at any time. | | |
