| | | | |
|
| Waco | | The best time to switch policies is | | Domestic Insurer (or Company): An |
| Evanston | | within one month of receiving your | | insurer formed under the laws of the |
| Dothan | | policy renewal from your current | | state in which the insurance is written. |
| Cranston | | insurer. You can typically cancel your | | |
| Venice | | policy without any fees or penalties if | | Insolvent Insurer: An insurer which is |
| Orange | | you act within this time period. | | unable to meet its financial |
| Jonesboro | | | | obligations. |
| Lake Charles | | At InsWeb, you can compare free | | |
| Kansas City | | online insurance quotes from many of | | Nonadmitted Insurer: An insurer not |
| Lima | | the nations leading insurance | | licensed to do business in the |
| Inglewood | | companies. | | jurisdiction in question. Same as |
| Norwalk | | | | Unauthorized Insurer and Unlicensed |
| Asheville | | Individuals who have 30-year | | Insurer. |
| Manchester | | mortgages might want to consider a | | |
| Minneapolis | | 30-year term to ensure that the house | | Level Commission System: A system |
| Vineland | | is protected throughout the period of | | of commissions in which the first year |
| Littleton | | the loan. | | and all renewal commissions are the |
| Lima | | | | same percentage of the premium. |
| Jasper | | People who are trying to quit | | |
| New York | | smoking, for example, might be best | | Losses Incurred: The total losses, |
| Youngstown | | suited purchasing a shorter term (and | | whether paid or not, sustained by an |
| Thousand Oaks | | then replacing it with a longer term | | insurer during a given period, e.g., 12 |
| Arlington | | policy when they qualify for | | months. |
| York | | non-tobacco prices). | | |
| Garland | | | | Net Retention: The amount of |
| Tyler | | Why not take advantage of current | | insurance that a ceding company |
| Santa Monica | | low prices? Many auto insurance | | keeps for its own account and does |
| Torrance | | consumers are becoming educated | | not reinsure. |
| New Port Richey | | on other companies, plans, and rates | | |
| Virginia Beach | | that are available to them; ones that | | Incurred Expense: Expenses not yet |
| Union | | could afford them significant savings | | paid. Can also include paid |
| Kansas City | | on their auto insurance. | | expenses in some accounting |
| Boston | | | | systems. |
| Decatur | | The quickest and easiest way to | | |
| Muncie | | shop for new insurance is by | | |
| Tampa | | comparing rates at InsWebs online | | |
| Denver | | marketplace. If you do it the | | |
| Portland | | old-fashioned way (by calling or | | |
| Costa Mesa | | visiting multiple agents or insurance | | |
| Boulder | | companies) it could take up a huge | | |
| Portland | | chunk of your time, which no one | | |
| Dayton | | wants or needs. By completing | | |
| Salt Lake City | | InsWebs online application, you will | | |
| Westbury | | have rates to compare to your old | | |
| Florissant | | ones within minutes! | | |
