IMPORTANT INSURANCE ABBREVIATIONS (PART – II)
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
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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
For Insurance Abbreviation Part I Click Here
