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| Sunnyvale | | Everyone has different needs, and | | Criticism: A correction suggested by a |
| Asheville | | not one size fits all when it comes to | | rating or auditing bureau to an insurer. |
| Santa Rosa | | term life insurance. While it may make | | |
| Dayton | | sense for people in their 30s and 40s | | Line of Business: The classification of |
| Portsmouth | | to secure a 20-year term length, a | | business as utilized in the insurance |
| Yonkers | | 10-year term might be more | | industry, e.g., Fire, Allied Lines and |
| Amarillo | | appropriate for someone nearing | | Homeowners. |
| Springfield | | retirement. | | |
| Beaumont | | | | Underwriters Laboratories, Inc. (UL): A |
| Jackson | | While some companies raise their | | testing laboratory for manufactured |
| Miami | | prices based on your actual age, | | items to determine their safety |
| Newport Beach | | most companies increase the price of | | propensities. |
| Evanston | | their policies six months before your | | |
| Burbank | | birthday. Its a term called Age | | Appraisal: An evaluation of property |
| Duluth | | Nearest in the industry, and that | | made to ascertain either the |
| Kansas City | | half-year price increase could really | | appropriate amount of insurance to |
| Montgomery | | add up over a 20-year term policy. As | | be written or the amount of loss to be |
| Shreveport | | above, the quicker you purchase your | | paid. |
| Jacksonville | | policy the better. | | |
| Raleigh | | | | Convention Values: Values assigned |
| Beaumont | | Why not take advantage of current | | to insurers' assets in the convention |
| Los Angeles | | low prices? Many auto insurance | | blank. |
| St. Louis | | consumers are becoming educated | | |
| Frederick | | on other companies, plans, and rates | | Director of Insurance: A title used in |
| Glendale | | that are available to them; ones that | | some states for the head of the |
| Killeen | | could afford them significant savings | | department of insurance. |
| Chandler | | on their auto insurance. | | |
| Edmond | | | | Cash Flow Underwriting: The use of |
| Lexington | | Make sure you have a new policy in | | rating and premium collection |
| Salem | | place before you cancel your old one | | techniques by insurance companies |
| Jersey City | | to avoid a lapse in coverage. This will | | to maximize interest earnings on |
| Wilmington | | also prevent having to figure out the | | premiums. |
| Manchester | | amount of any unused premium that is | | |
| Newport Beach | | due to you from your old insurance | | Tabular Plan: A retrospective rating |
| Gainesville | | company, or having to spar with your | | plan, which uses tables to furnish the |
| Delray Beach | | agent about exactly when your policy | | various values for the rating formula. |
| Fort Smith | | was cancelled and how much they | | |
| Marietta | | owe you. | | |
