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| Glendale | | While some companies raise their | | Shock Loss: A catastrophic loss so |
| Nashville | | prices based on your actual age, | | large that it has a material effect on |
| Fullerton | | most companies increase the price of | | the underwriting results of a company. |
| Irvine | | their policies six months before your | | |
| Scottsdale | | birthday. Its a term called Age | | Not Taken: Policies applied for and |
| Houston | | Nearest in the industry, and that | | issued but rejected by the proposed |
| Quincy | | half-year price increase could really | | owner and not paid for. |
| Toms River | | add up over a 20-year term policy. As | | |
| Lakeland | | above, the quicker you purchase your | | Claim Report: A report filed by an |
| Conroe | | policy the better. | | agent setting forth the facts of a claim. |
| Ann Arbor | | | | Same as Loss Report. |
| Grand Prairie | | The best time to switch policies is | | |
| Huntsville | | within one month of receiving your | | Director of Insurance: A title used in |
| Knoxville | | policy renewal from your current | | some states for the head of the |
| Corona | | insurer. You can typically cancel your | | department of insurance. |
| Evanston | | policy without any fees or penalties if | | |
| Southfield | | you act within this time period. | | Line of Business: The classification of |
| Daytona Beach | | | | business as utilized in the insurance |
| Slidell | | Life insurance, specifically Term Life, | | industry, e.g., Fire, Allied Lines and |
| Elkhart | | is arguably one of the best values in | | Homeowners. |
| Norfolk | | the entire financial services arena. | | |
| Bronx | | Where else can you go and get | | Monoline Policy: Any insurance |
| New York | | hundreds of thousands of dollars in | | coverage written as a single line |
| Irving | | protection for literally pennies per | | policy. Contrast with Multiple Line or |
| Bronx | | day? Rates for Term Life insurance | | Package policy. |
| Abilene | | remain at all-time lows, and now is the | | |
| Florence | | time to lock in the best prices. | | Notice To Company: Written notice to |
| Rockville | | | | an insurer of the occurrence of an |
| Dearborn | | Individuals who have 30-year | | event which a claim is to be based. |
| Silver Spring | | mortgages might want to consider a | | |
| Anderson | | 30-year term to ensure that the house | | Net Retention: The amount of |
| Fayetteville | | is protected throughout the period of | | insurance that a ceding company |
| Knoxville | | the loan. | | keeps for its own account and does |
| Ogden | | | | not reinsure. |
