Important Insurance Abbreviations (Part -I)
ACSR – Accredited Customer Service Representative
ARM – Associate in Risk Management
ARMP – 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)
Good to read:
LIC AAO Preparation strategy LIC AAO Job profile LIC AAO Previous year cut offs
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
