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| New York | | If you decide to cancel your policy | | Agent's Balance: A periodic |
| Quincy | | (after acquiring new coverage) | | statement of the sums due and owed |
| Waterloo | | outside of the 30-day period, you may | | to an agent under the agent's contract |
| Knoxville | | have to pay a fee or penalty. | | with an insurer. |
| Trenton | | However, you may still save money | | |
| Anchorage | | after paying the fee if your new policy | | Commercial Lines: This term is used |
| Daytona Beach | | affords you significant savings. So | | to refer to insurance for businesses, |
| Lansing | | while it is best to wait until your | | professionals, and commercial |
| Fayetteville | | receive your renewal notice, you CAN | | establishments. |
| Rapid City | | cancel your policy at any time. | | |
| Reno | | | | Nonadmitted Insurer: An insurer not |
| Charleston | | Healthy people have the best | | licensed to do business in the |
| Lafayette | | mortality risks and thus are much | | jurisdiction in question. Same as |
| Pittsburgh | | cheaper for companies to insure. This | | Unauthorized Insurer and Unlicensed |
| White Plains | | translates into lower rates for the | | Insurer. |
| Peoria | | Super Preferred customer than | | |
| Cookeville | | someone with higher risk factors such | | Tariff Rate: A rate established by a |
| Stockton | | as a heart condition, cancer or | | rating organization, which comes from |
| Newburgh | | diabetes. Conversely, if you were | | the tables, schedules and rules found |
| Ogden | | unhealthy when you acquired your | | in the tariff of rates. |
| Minneapolis | | policy, and your health has now | | |
| Honolulu | | improved, it might be time to shop for | | Commingling: An illegal practice |
| Portland | | a new policy, as your rates are likely | | which occurs when an agent mixes |
| Sacramento | | to be lower. | | personal funds with the insured's or |
| Naperville | | | | insurer's funds. |
| Jackson | | People who are trying to quit | | |
| Peoria | | smoking, for example, might be best | | Absolute Assignment: Assignment by |
| Metairie | | suited purchasing a shorter term (and | | a policy owner of all control of and |
| Duluth | | then replacing it with a longer term | | rights in the policy to a third party. |
| Springfield | | policy when they qualify for | | |
| Newport Beach | | non-tobacco prices). | | Brokerage Business: Business |
| Pittsburgh | | | | offered to an insurer by a broker. This |
| Canton | | Everyone has different needs, and | | is sometimes called excess or |
| Stamford | | not one size fits all when it comes to | | surplus business. |
| Glendale | | term life insurance. While it may make | | |
| Fairfax | | sense for people in their 30s and 40s | | |
| Santa Rosa | | to secure a 20-year term length, a | | |
| Morristown | | 10-year term might be more | | |
| Belleville | | appropriate for someone nearing | | |
| Albany | | retirement. | | |
