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| Walnut Creek | | If you decide to cancel your policy | | Standard Industry Code (SIC): This is |
| Troy | | (after acquiring new coverage) | | a coding system which assigns |
| Monroe | | outside of the 30-day period, you may | | separate codes for different types of |
| Palm Desert | | have to pay a fee or penalty. | | industries. |
| Glendale | | However, you may still save money | | |
| Hampton | | after paying the fee if your new policy | | Gross Line: The total limit accepted |
| Santa Ana | | affords you significant savings. So | | by an insurer on an individual risk, |
| Scranton | | while it is best to wait until your | | including the amount to be reinsured. |
| Springfield | | receive your renewal notice, you CAN | | |
| Redlands | | cancel your policy at any time. | | We/Us/Our: These words are used to |
| Lakeland | | | | refer to the insurer in many of the |
| Jersey City | | Healthy people have the best | | modernized/personalized policy |
| Kingsport | | mortality risks and thus are much | | forms recently introduced. |
| Bethlehem | | cheaper for companies to insure. This | | |
| Reno | | translates into lower rates for the | | Loss Adjustment Expense: The cost |
| Shreveport | | Super Preferred customer than | | of adjusting losses, excluding the |
| Fairfax | | someone with higher risk factors such | | amount of the loss itself. |
| Bay City | | as a heart condition, cancer or | | |
| Riverside | | diabetes. Conversely, if you were | | Paid-In Surplus: Surplus paid in by |
| Nashville | | unhealthy when you acquired your | | stockholders, as contrasted with |
| Bradenton | | policy, and your health has now | | surplus earned through the |
| Arlington | | improved, it might be time to shop for | | operations of a business. |
| Florence | | a new policy, as your rates are likely | | |
| Providence | | to be lower. | | Provisional Rate: Tentative rates, |
| Portland | | | | premiums or commissions that are |
| Manchester | | While some companies raise their | | subject to subsequent adjustment. |
| Lawrenceville | | prices based on your actual age, | | See Commission and Premium. |
| Pembroke Pines | | most companies increase the price of | | |
| Scranton | | their policies six months before your | | Cut Rate: This term generally applies |
| York | | birthday. Its a term called Age | | to insurance companies who charge |
| Trenton | | Nearest in the industry, and that | | premiums below a normal or average |
| Cherry Hill | | half-year price increase could really | | rate. |
| Lowell | | add up over a 20-year term policy. As | | |
| New Orleans | | above, the quicker you purchase your | | Short-Term Policy: A policy written for |
| Boise | | policy the better. | | a period of less time than is normal for |
| Sioux City | | | | that type of policy. |
