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| Warwick | | The best time to switch policies is | | Net Retention: The amount of |
| Clearwater | | within one month of receiving your | | insurance that a ceding company |
| Peoria | | policy renewal from your current | | keeps for its own account and does |
| Union | | insurer. You can typically cancel your | | not reinsure. |
| Madison | | policy without any fees or penalties if | | |
| Morristown | | you act within this time period. | | Book Value: Refers to the value of |
| San Bernardino | | | | assets as shown in the official |
| Athens | | At InsWeb, you can compare free | | accounting records of the company. |
| Santa Ana | | online insurance quotes from many of | | |
| New Orleans | | the nations leading insurance | | Fiduciary: A person holding the funds |
| Saginaw | | companies. | | or property of another in a position of |
| Mobile | | | | trust. An example would be the |
| Houston | | Shopping around is the best way to | | executor of an estate. |
| Acworth | | save money on your insurance. | | |
| Glendale | | | | Gain and Loss Exhibit: The portion of |
| Las Cruces | | While some companies raise their | | the convention blank which |
| Warren | | prices based on your actual age, | | represents an analysis of gains, |
| Lake Worth | | most companies increase the price of | | losses, and surplus during an |
| Williamsburg | | their policies six months before your | | accounting period. |
| Carlsbad | | birthday. Its a term called Age | | |
| Portland | | Nearest in the industry, and that | | Countersignature: The signature of a |
| Tucson | | half-year price increase could really | | licensed agent or representative on a |
| Jonesboro | | add up over a 20-year term policy. As | | policy. |
| Houma | | above, the quicker you purchase your | | |
| Orange | | policy the better. | | License: A certification of authority for |
| Pasadena | | | | an agent or insurer to operate, given |
| San Francisco | | Make sure you have a new policy in | | by the appropriate jurisdiction. |
| Reading | | place before you cancel your old one | | |
| Albuquerque | | to avoid a lapse in coverage. This will | | Gross Line: The total limit accepted |
| Lafayette | | also prevent having to figure out the | | by an insurer on an individual risk, |
| Colorado Springs | | amount of any unused premium that is | | including the amount to be reinsured. |
| Topeka | | due to you from your old insurance | | |
| Riverside | | company, or having to spar with your | | Insurance to Value: Insurance written |
| Hickory | | agent about exactly when your policy | | in an amount approximating the value |
| Saginaw | | was cancelled and how much they | | of the property insured. |
| Birmingham | | owe you. | | |
