Important Insurance Abbreviations (PDF Version)

Dear Readers,
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 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