The List of Important Insurance Abbreviations which is most expected GK questions in all Insurance and other banking exams are given here and free PDF file for download.
Important Insurance Abbreviations
A
ARM – Associate in Risk ManagementARMP – Associate in Risk Management for Public Entities
B
BAP – Business Auto PolicyBOP – Business Owners Policy
C
CFROI – Cash Flow Return on InvestmentsCIC – Certified Insurance Counselor
CISR – Certified Insurance Service Representative
CPIW / CPIM – Certified Professional Insurance Woman / Man
D
DOD – Date of DeathDSU – Delay in Start-Up Insurance
E
EAP – Estimated Annual PremiumEPD – Expected Policyholder Deficit
EPLI – Employment Practices Liability Insurance
ETB – Engaged In Trade or Business
F
FIRM – Flood Insurance Rate MapFMV – Air Market Value
G
GAP – Guaranteed Auto ProtectionGIO – Guaranteed Insurability Option
GL – General Liability
GWP – Gross Written Premium
H
HII – Health Insurance InstituteHIPAA – Health Insurance Portability and Accountability Act
HLV – Human Life Value
I
IIAC – International Insurance Advisory CouncilIII – Insurance Information Institute
IRI – Industrial Risk Insurers
IRIS – Insurance Regulatory Information System
IRM – Improved Risk Mutuals
ITI – Insurance Testing Institute
L
LIAMA – Life Insurance Agency Management AssociationLIRB – Liability Insurance Research Bureau
LOC – Letter Of Credit
M
M&D – Minimum and DepositMDO – Monthly Debit Ordinary Life Insurance
MPL – Maximum Possible Loss
MPP – Managed Premium Plan
N
NDI – National Disaster Insurance AssociationNFIP – National Flood Insurance Program
NIOSH – National Institute for Occupational Safety and Health
O
OCA – Outstanding Claims AccountORFS – Operational Risk Financing Securities
ORM – Operational Risk Management
P
PAP – Personal Auto PolicyPIA – Primary Insurance Account
R
RAM – Reverse-Annuity MortgageRARORAC – Risk-Adjusted Return On Risk-Adjusted Capital
S
SEC – Securities and Exchange CommissionSPAP – Special Personal Auto Policy
T
TDI – Trade Disruption InsuranceTERI – Targeted Enterprise Risk Insurance
TOLI – Trust-Owned Life Insurance
TPA – Third-Party Administrator
U
UL – Umbrella LiabilityULIP- Unit Link Insurance Plan
UMV – Uninsured Motor Vehicle
W
WCRI – Workers Compensation Research InstituteY
YRT – Yearly Renewable TermImportant Insurance Abbreviations (PDF Version)
Thanks.
