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| Malden | | Make sure you have a new policy in | | Broker-Agent: One acting as an agent |
| Franklin | | place before you cancel your old one | | of one or more insurers and as a |
| Billings | | to avoid a lapse in coverage. This will | | broker in dealing with one or more |
| Daytona Beach | | also prevent having to figure out the | | other insurers. |
| Corpus Christi | | amount of any unused premium that is | | |
| Green Bay | | due to you from your old insurance | | Substandard Risk: A risk not |
| Edmond | | company, or having to spar with your | | measuring up to underwriting |
| Austin | | agent about exactly when your policy | | standards. It may still be written but |
| Nashua | | was cancelled and how much they | | usually at a surcharged premium. |
| Scranton | | owe you. | | |
| Albany | | | | Producer: A term applied to an agent, |
| Longview | | The best time to switch policies is | | solicitor or other person who sells |
| Metairie | | within one month of receiving your | | insurance. |
| Inglewood | | policy renewal from your current | | |
| Savannah | | insurer. You can typically cancel your | | Minimum Premium: The smallest |
| High Point | | policy without any fees or penalties if | | amount of premium for which an |
| Winter Park | | you act within this time period. | | insurer will issue coverage under a |
| Rome | | | | given policy. |
| Alexandria | | If you have noticed that your auto | | |
| Sterling Heights | | insurance rates are still increasing | | Renewal: The reestablishment of the |
| Knoxville | | with each renewal, or even have not | | in-force status of a policy, the term of |
| Irvine | | gone down even though you have a | | which has expired or will expire |
| Davenport | | great driving record, this lower pricing | | unless it is renewed. |
| Bellevue | | trend makes it more important then | | |
| Fort Wayne | | ever that you shop around for auto | | Indemnity: Restoration to the victim of |
| Knoxville | | insurance. | | a loss by payment, repair, or |
| Edison | | | | replacement. |
| Pompano Beach | | Healthy people have the best | | |
| Chandler | | mortality risks and thus are much | | Gain and Loss Exhibit: The portion of |
| Downey | | cheaper for companies to insure. This | | the convention blank which |
| Charleston | | translates into lower rates for the | | represents an analysis of gains, |
| New Orleans | | Super Preferred customer than | | losses, and surplus during an |
| Bayside | | someone with higher risk factors such | | accounting period. |
| Fresno | | as a heart condition, cancer or | | |
| Bloomington | | diabetes. Conversely, if you were | | |
| Valdosta | | unhealthy when you acquired your | | |
| Columbia | | policy, and your health has now | | |
| Killeen | | improved, it might be time to shop for | | |
| Macon | | a new policy, as your rates are likely | | |
| Davenport | | to be lower. | | |
