IMPORTANT INSURANCE ABBREVIATIONS (Part -I)

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