Today we are presenting you a short note on Important Insurance Abbreviations which is most important for your upcoming UIICL Administrative Officers (Scale-I). The list is given bellow:
Important Insurance Abbreviations
A
- ARM – Associate in Risk Management
- ARMP – Associate in Risk Management for Public Entities
B
- BAP – Business Auto Policy
- BOP – Business Owners Policy
C
- CFROI – Cash Flow Return on Investments
- CIC – Certified Insurance Counselor
- CISR – Certified Insurance Service Representative
- CPIW / CPIM – Certified Professional Insurance Woman / Man
D
- DOD – Date of Death
- DSU – Delay in Start-Up Insurance
E
- EAP – Estimated Annual Premium
- EPD – Expected Policyholder Deficit
- EPLI – Employment Practices Liability Insurance
- ETB – Engaged In Trade or Business
F
- FIRM – Flood Insurance Rate Map
- FMV – Air Market Value
G
- GAP – Guaranteed Auto Protection
- GIO – Guaranteed Insurability Option
- GL – General Liability
- GWP – Gross Written Premium
H
- HII – Health Insurance Institute
- HIPAA – Health Insurance Portability and Accountability Act
- HLV – Human Life Value
I
- IIAC – International Insurance Advisory Council
- III – 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 Association
- LIRB – Liability Insurance Research Bureau
- LOC – Letter Of Credit
M
- M&D – Minimum and Deposit
- MDO – Monthly Debit Ordinary Life Insurance
- MPL – Maximum Possible Loss
- MPP – Managed Premium Plan
N
- NDI – National Disaster Insurance Association
- NFIP – National Flood Insurance Program
- NIOSH – National Institute for Occupational Safety and Health
O
- OCA – Outstanding Claims Account
- ORFS – Operational Risk Financing Securities
- ORM – Operational Risk Management
P
- PAP – Personal Auto Policy
- PIA – Primary Insurance Account
R
- RAM – Reverse-Annuity Mortgage
- RARORAC – Risk-Adjusted Return On Risk-Adjusted Capital
S
- SEC – Securities and Exchange Commission
- SPAP – Special Personal Auto Policy
T
- TDI – Trade Disruption Insurance
- TERI – Targeted Enterprise Risk Insurance
- TOLI – Trust-Owned Life Insurance
- TPA – Third-Party Administrator
U
- UL – Umbrella Liability
- ULIP- Unit Link Insurance Plan
- UMV – Uninsured Motor Vehicle
W
- WCRI – Workers Compensation Research Institute
Y
- YRT – Yearly Renewable Term
Thanks.
