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| Berkeley | | People who are trying to quit | | Initial Premium: An amount paid at the |
| Lakewood | | smoking, for example, might be best | | inception of an insurance contract, |
| Naples | | suited purchasing a shorter term (and | | usually subject to adjustment at the |
| Gainesville | | then replacing it with a longer term | | end of the policy period. |
| Woodbridge | | policy when they qualify for | | |
| Albuquerque | | non-tobacco prices). | | Cash Flow Underwriting: The use of |
| Scottsdale | | | | rating and premium collection |
| Aurora | | The best time to switch policies is | | techniques by insurance companies |
| Pittsburgh | | within one month of receiving your | | to maximize interest earnings on |
| Stuart | | policy renewal from your current | | premiums. |
| Anderson | | insurer. You can typically cancel your | | |
| Richmond | | policy without any fees or penalties if | | Will Ride: Coverage that remains in |
| North Hollywood | | you act within this time period. | | effect regardless of the geographical |
| Gainesville | | | | location in which a loss occurs. |
| Henderson | | If you have noticed that your auto | | |
| Evanston | | insurance rates are still increasing | | Loss Frequency: The number of times |
| Winter Park | | with each renewal, or even have not | | a loss occurs over a specific period |
| Abilene | | gone down even though you have a | | of time. |
| New Orleans | | great driving record, this lower pricing | | |
| Sioux Falls | | trend makes it more important then | | Society of Insurance Research: An |
| Oxnard | | ever that you shop around for auto | | organization which encourages |
| Sterling Heights | | insurance. | | insurance research and promotes the |
| Tucson | | | | exchange of ideas and methods of |
| San Francisco | | Why not take advantage of current | | research. |
| Montgomery | | low prices? Many auto insurance | | |
| Chicago | | consumers are becoming educated | | Shock Loss: A catastrophic loss so |
| Littleton | | on other companies, plans, and rates | | large that it has a material effect on |
| Worcester | | that are available to them; ones that | | the underwriting results of a company. |
| Clinton Township | | could afford them significant savings | | |
| Lancaster | | on their auto insurance. | | Examiner: An employee assigned by |
| Oklahoma City | | | | the state insurance department to |
| Washington | | Make sure you have a new policy in | | audit insurers' records. |
| Albany | | place before you cancel your old one | | |
| Tulsa | | to avoid a lapse in coverage. This will | | Insurance Examiner: The |
| Bethlehem | | also prevent having to figure out the | | representative of a state insurance |
| Akron | | amount of any unused premium that is | | department assigned to participate in |
| Spring Hill | | due to you from your old insurance | | the official audit and examination of |
| Flint | | company, or having to spar with your | | an insurer. |
| Las Cruces | | agent about exactly when your policy | | |
| Hartford | | was cancelled and how much they | | |
| Decatur | | owe you. | | |
