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| Newark | | Make sure you have a new policy in | | Amendment: A formal document |
| Knoxville | | place before you cancel your old one | | which corrects or revises an |
| Bloomington | | to avoid a lapse in coverage. This will | | insurance master policy. |
| Sunnyvale | | also prevent having to figure out the | | |
| Manchester | | amount of any unused premium that is | | Buy-Back" Deductible: A deductible |
| Fort Collins | | due to you from your old insurance | | which may be eliminated for an |
| Seattle | | company, or having to spar with your | | additional premium in order to |
| Reno | | agent about exactly when your policy | | provide "first-dollar" coverage. |
| Evansville | | was cancelled and how much they | | |
| Peoria | | owe you. | | Earned Income: The money |
| Gulfport | | | | individuals earn as a result of working |
| Berkeley | | Healthy people have the best | | at some job or occupation for which |
| Sacramento | | mortality risks and thus are much | | they are paid a salary. |
| Mountain View | | cheaper for companies to insure. This | | |
| Hartford | | translates into lower rates for the | | Line of Business: The classification of |
| Orange Park | | Super Preferred customer than | | business as utilized in the insurance |
| Gainesville | | someone with higher risk factors such | | industry, e.g., Fire, Allied Lines and |
| Youngstown | | as a heart condition, cancer or | | Homeowners. |
| Killeen | | diabetes. Conversely, if you were | | |
| Beaumont | | unhealthy when you acquired your | | Calendar Year Experience: This |
| Littleton | | policy, and your health has now | | measures the premiums and losses |
| Biloxi | | improved, it might be time to shop for | | entered on accounting records during |
| Springfield | | a new policy, as your rates are likely | | the 12-month calendar. |
| Newport News | | to be lower. | | |
| Riverside | | | | Net Loss: The amount of loss |
| Decatur | | If you decide to cancel your policy | | sustained by an insurer after giving |
| Ventura | | (after acquiring new coverage) | | effect to all applicable reinsurance, |
| Portland | | outside of the 30-day period, you may | | salvage, and subrogation recoveries. |
| Union | | have to pay a fee or penalty. | | |
| Syracuse | | However, you may still save money | | Insurance Examiner: The |
| Roanoke | | after paying the fee if your new policy | | representative of a state insurance |
| Bakersfield | | affords you significant savings. So | | department assigned to participate in |
| St. Joseph | | while it is best to wait until your | | the official audit and examination of |
| Anderson | | receive your renewal notice, you CAN | | an insurer. |
| Williamsburg | | cancel your policy at any time. | | |
