List of Insurance Acronyms and Its Abbreviations for UIIC & OICL Exams 2017- Download in PDF

• ACSR – Accredited Customer Service Representative
• ARM – Associate in Risk Management
• ARM-P – Associate in Risk Management for Public Entities
• ASOP – Actuarial Statement of Practice
• BAP – Business Auto Policy
• BCBSA – Blue Cross and Blue Shield Association
• BI – Bodily Injury
• BOP – Business Owners Policy
• CFROI – Cash Flow Return On Investments
• CRIS – Construction Risk and Insurance Specialist
• CIC – Certified Insurance Counselor
• CISR – Certified Insurance Service Representative
• CPCU – Chartered Property Casualty Underwriter
• CPIW / CPIM – Certified Professional Insurance Woman / Man
• CCC – Care, Custody, Or Control (Exclusion)
• COBRA – Consolidated Omnibus Budget Reconciliation Act
• D&B – Dun & Bradstreet
• DEC – Declarations Page
• DED – Deductible
• DI – Disability Income
• DIC – Difference-In-Conditions (Insurance)
• DIL – Difference-In-Limits (Clause)
• D&O – Directors And Officers (Liability Insurance)
• DSU – Delay In Start-Up Insurance
• DOB – Date Of Birth
• DOC – Drive Other Car Coverage
• DOD – Date Of Death
• EAP – Estimated Annual Premium
• EBIDDA – Earnings Before Interest, Dividends, Depreciation, And Amortization
• EH&S – Environmental Health And Safety
• EP – Earned Premium
• EPA – Environmental Protection Agency
• EPD – Expected Policyholder Deficit
• EPL – Employment Practices Liability
• EPLI – Employment Practices Liability Insurance
• ETB – Engaged In Trade Or Business
• FAIR – Fair Access to Insurance Requirements
• FALU – Fellow of the Academy of Life Underwriting
• FCAS – Fellow of the Casualty Actuarial Society
• FAP – Family Automobile Policy (More Commonly Pap)
• FCPL – Farmers Comprehensive Personal Liability
• FCRA – Fair Credit Reporting Act
• FIRM – Flood Insurance Rate Map
• FIRREA – Financial Institutions Reform Recovery and Enforcement Act
• FMV – Air Market Value
• FTCAC – Fire, Theft, And Combined Additional Coverage
• FVD – Full Value Declared
• GAP – Guaranteed Auto Protection
• GCD – Guaranteed Cost Discount
• GIO – Guaranteed Insurability Option
• GKLL – Garage Keepers Legal Liability (Insurance)
• GL – General Liability
• GVW – Gross Vehicle Weight
• GWP – Gross Written Premium
• HIAA – Health Insurance Association of America
• HII – Health Insurance Institute
• HIPAA – Health Insurance Portability and Accountability Act
• HLDI – Highway Loss Data Institute
• HLV – Human Life Value
• HCQIA – Health Care Quality Improvement Act
• HPL – Hospital Professional Liability (Insurance)
• HPR – Highly Protected Risk (Property)
• IAHU – International Association of Health Underwriters
• IFC – Insured Fixed-Price Cleanup
• IIAA – Independent Insurance Agents of America, Inc.
• IIAC – International Insurance Advisory Council
• IIHS – Insurance Institute for Highway Safety
• III – Insurance Information Institute
• IRI – Industrial Risk Insurers
• IRIS – Insurance Regulatory Information System
• IRM – Improved Risk Mutuals
• ITI – Insurance Testing Institute
• JCAH – Joint Commission on the Accreditation of Hospitals
• JCAHO – Joint Commission on Accreditation of Healthcare Organizations
• JSA – Job Safety Analysis
• JUA – Joint Underwriting Authority; Joint Underwriting Association
• JV – Joint Venture
• LAE – Loss Adjustment Expense
• LIAA – Life Insurance Association of America
• LIAMA – Life Insurance Agency Management Association
• LIRB – Liability Insurance Research Bureau
• LLC – Limited Liability Company
• LMU – Loss Mitigation Underwriting
• LOC – Letter Of Credit
• LTA – Lost Time Accident; Long Term Agreement
• LTD – Long-Term Disability
• MCO – Managed Care Organization
• M&D – Minimum And Deposit
• MDO – Monthly Debit Ordinary Life Insurance
• MDRT – Million Dollar Round Table
• MET – Multiple Employer Trust
• MFL – Maximum Foreseeable Loss
• MLE – Maximum Loss Expectancy
• MLEA – Multiple Line Exclusive Agent
• MPCI – Multi-Peril Crop Insurance
• MPL – Maximum Possible Loss
• MPP – Managed premium plan
• MVR – Motor Vehicle Record
• NAUA – National Auto Underwriters Association
• NDI – National Disaster Insurance Association
• NFIP – National Flood Insurance Program
• NFIRA – National Flood Reform Act
• NFPA – National Fire Protection Association
• NIOSH – National Institute for Occupational Safety and Health
• NRRA – National Risk Retention Association
• NRT – National Response Team
• NSC – National Safety Council
• OCA – Outstanding Claims Account
• OCIP – Owner Controlled Insurance Program
• OD – Occupational Disease
• OL&T – Owners, Landlords, And Tenants (Insurance)
• ORFS – Operational Risk Financing Securities
• ORM – Operational Risk Management
• OSHA – Occupational Safety and Health Act; Occupational Safety and Health Administration
• OSLR – Outstanding Loss Reserves
• OTC – Other Than Collision
• PAP – Personal Auto Policy
• P&C – Property And Casualty
• PC – Professional Corporation
• P&I – Protection And Indemnity (Insurance)
• PI – Personal Injury
• PIA – Primary Insurance Account
• PIAA – Physician Insurers Association of America
• PICA – Professional Insurance Communicators of America
• PIP – Personal Injury Protection
• PMA – Package Modification Adjustment
• PMF – Package Modification Factor
• PMI – Private Mortgage Insurance
• PML – Probable Maximum Loss
• RAA – Reinsurance Association of America
• RAM – Reverse-Annuity Mortgage
• RAROC – Risk-Adjusted Return On Capital
• RARORAC – Risk-Adjusted Return On Risk-Adjusted Capital
• RBC – Risk-Based Capital
• RBNE – Reserved But Not Enough
• RC – Replacement Cost
• RTW – Return To Work
• SAA – Surety Association of America
• SCOPE – Supervision, Construction, Occupancy, Protection, Exposure
• SCPCU – Society of Chartered Property & Casualty Underwriters
• SEC – Securities and Exchange Commission
• SEMCI – Single Entry Multiple Carrier Interface
• S&P – Standard and Poor’s
• SPAP – Special Personal Auto Policy
• STD – Short-Term Disability
• TDB – Temporary Disability Benefits
• TDI – Trade Disruption Insurance
• TEFRA – Tax Equity and Financial Responsibility Acts of 1982 & 1983
• TERI – Targeted Enterprise Risk Insurance
• TIAA – Teachers Insurance and Annuity Association
• TOLI – Trust-Owned Life Insurance
• TOR – Technique Of Operations Review
• TPA – Third-party administrator
• TRA – Tax Reform Act of 1984
• TRIA – Terrorism Risk Insurance Act
• TTD – Temporary Total Disability
• UEP – Unearned Premium
• UJF – Unsatisfied Judgment Fund
• UIM – Underinsured Motorist
• UIMV – Underinsured Motor Vehicle
• UL – Umbrella Liability; Underwriters’ Laboratories
• ULAE – Unallocated Loss Adjustment Expenses
• ULC – Underwriters Laboratories of Canada
• UM – Uninsured Motorist
• UMPD – Uninsured Motorist Property Damage
• UMV – Uninsured Motor Vehicle
• UNL – Ultimate Net Loss
• U&O – Use And Occupancy
• WC – Workers Compensation
• WCRI – Workers Compensation Research Institute
• YRCT – Yearly Renewable Convertible Term
• YRT – Yearly Renewable Term

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