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| Clearwater | | Individuals who have 30-year | | Open Rating: A system whereby a |
| Tulsa | | mortgages might want to consider a | | state allows an insurer to use rates |
| Melbourne | | 30-year term to ensure that the house | | without prior approval. |
| Reading | | is protected throughout the period of | | |
| New Port Richey | | the loan. | | Mandatory Valuation Reserve: A |
| Macon | | | | reserve required by a state law to |
| Pompano Beach | | Why not take advantage of current | | offset any declines in the valuation of |
| Dayton | | low prices? Many auto insurance | | securities listed as admitted assets. |
| Albany | | consumers are becoming educated | | |
| Council Bluffs | | on other companies, plans, and rates | | Nonadmitted Insurer: An insurer not |
| Stuart | | that are available to them; ones that | | licensed to do business in the |
| Lawton | | could afford them significant savings | | jurisdiction in question. Same as |
| Conroe | | on their auto insurance. | | Unauthorized Insurer and Unlicensed |
| Portland | | | | Insurer. |
| Roanoke | | If you decide to cancel your policy | | |
| Shreveport | | (after acquiring new coverage) | | Commission of Authority: A document |
| Beaumont | | outside of the 30-day period, you may | | outlining the powers delegated to an |
| Whittier | | have to pay a fee or penalty. | | agent by an insurer. |
| St. Louis | | However, you may still save money | | |
| Billings | | after paying the fee if your new policy | | Short-Term Policy: A policy written for |
| Knoxville | | affords you significant savings. So | | a period of less time than is normal for |
| Youngstown | | while it is best to wait until your | | that type of policy. |
| Fort Wayne | | receive your renewal notice, you CAN | | |
| Columbia | | cancel your policy at any time. | | Level Commission System: A system |
| Chicago | | | | of commissions in which the first year |
| Fort Collins | | People who are trying to quit | | and all renewal commissions are the |
| White Plains | | smoking, for example, might be best | | same percentage of the premium. |
| Peoria | | suited purchasing a shorter term (and | | |
| Montgomery | | then replacing it with a longer term | | Premium Receipt: The receipt given |
| Syracuse | | policy when they qualify for | | a policy owner for the payment of a |
| Beaumont | | non-tobacco prices). | | premium. |
