Risk and Insurance Acronyms
A B C D
E F G H I
J K L M
N O P Q R
S T U V
W X Y Z
A
AAA-American Academy of Actuaries; American
Arbitration Association
AACI-American Association of Crops Insurers
AADC-American Association of Dental Consultants
AAI-Accredited
Adviser in Insurance; Alliance of American Insurers
AAIMC-American Association of Insurance
Management Consultants
AAIS-American
Association of Insurance Services
AALU-Association for Advanced Life Underwriting
AAM-Associate
in Automation Management
AAMGA-American Association of Managing General
Agents
AAPL-American Association of Petroleum Landmen
ABA-American Bar Association, American Bankers
Association
ABIH-American Board of Industrial Hygienists
ABS-American Bureau of Shipping
ACAS-Associate of the Casualty Actuarial
Society
ACC-anti-concurrent
cause provision
ACCI-American Corporate Counsel Institute
ACEC-American Consulting Engineers Council
ACII-Associateship
of the Chartered Insurance Institute (British)
ACLA-Automobile Claim Law Associate
ACLI-American Council of Life Insurers
ACLS-Automobile Claim Law Specialist
ACLU-American College of Life Underwriters
ACM-asbestos
containing materials
ACORD-Association for Cooperative Operations
Research and Development
ACSC-Association of Casualty & Surety Companies
ACSR-Accredited Customer Service Representative
ACV-actual
cash value
ACWRRE-American Cargo War Risk Reinsurance
Exchange
ADA-Americans
With Disabilities Act
ADB-accidental death benefit
AD&D-accidental
death and dismemberment
ADEA-Age
Discrimination in Employment Act
ADR-alternative
dispute resolution; American depository receipt
A/E-architect/engineer
AEI-American Educational Institute
AEIA-American Excess Insurance Association
AFIA-American Foreign Insurance Association
AFSB-Associate
in Fidelity and Surety Bonding
AGC-Associated
General Contractors of America
A&H-accident and health (insurance)
AHERA-Asbestos Hazard Emergency Response
Act
AHIS-American Hull Insurance Syndicate
AI-additional
insured
AIA-American
Institute of Architects; American Insurance Association
AIAF-Associate
in Insurance Accounting and Finance
AIC-Associate
in Claims
AICPA-American
Institute of Certified Public Accountants
AICPCU-American
Institute for Chartered Property Casualty Underwriters (formerly AIPLU)
AIDS-Acquired Immune Deficiency Syndrome
AIHA-American Industrial Hygiene Association
AIM-Associate
in Management
AIMA-as interest may appear
AIME-average indexed monthly earnings
AIMU-American Institute of Marine Underwriters
AIP-annual implementation plan
AIPLU-American Institute for Property and
Liability Underwriters (see AICPCU)
AIPSO-Automobile Insurance Plans Service
Office
AIRAC-All-Industry Research Advisory Council
AIRB-Aviation Insurance Rating Bureau
AIS-Associate
in Insurance Services
AISG-American Insurance Services Group,
Inc.
AIT-Associate
in Information Technology
AL-automobile liability
ALAE-allocated
loss adjustment expense
ALC-American Life Convention
ALCM-Associate
in Loss Control Management
ALE-additional
living expense (coverage);
assumption of liability
endorsement
ALIMDA-Association of Life Insurance Medical
Directors of America
ALM-Association of Lloyd's Members
ALOP-advance
loss of profit insurance
ALOS-average length of stay
AMA-American Medical Association
AMBAC-American Municipal Bond Assurance
Corp.
AMEMIC-Association of Mill & Elevator Mutual
Insurance Companies
AMIC-American Marine Insurance Clearinghouse
AMIF-American Marine Insurance Forum
AMIM-Associate
in Marine Insurance Management
AMT-alternative
minimum tax
AMW-average monthly wage
ANI-American Nuclear Insurers
ANL-above normal loss
ANSI-American National Standards Institute
AOP-all other perils
AP-additional premium
APA-Associate
in Premium Auditing
API-American Petroleum Institute;
Associate in Personal Insurance
APIW-Association of Professional Insurance
Women
AR-all risk; accounts receivable; assigned
risk
ARe-Associate
in Reinsurance
ARIA-American Risk and Insurance Association
ARM-Associate
in Risk Management
ARM–P-Associate in Risk Management for Public
Entities
ARO-asset retirement obligation
ARP-Associate
in Research and Planning
ARS-auction
rate security
ART-alternative
risk transfer; annual renewable term (life insurance)
ASA-administrative services arrangement;
Associate in Society of Actuaries
ASC-Associated Specialty Contractors
ASCLU-American Society of Chartered Life
Underwriters
ASHRM-American Society for Healthcare Risk
Management
ASIM-American Society of Insurance Management
ASIS-American Society of Industrial Security
ASLI-Associate
in Surplus Lines Insurance
ASM-available seat miles
ASME-American Society of Mechanical Engineers
ASO-administrative
services only
ASOP-Actuarial Statement of Practice
ASPA-American Society of Pension Actuaries
ASSE-American Society of Safety Engineers
ASTD-American Society of Training and Development
ATA-American Trucking Associations, Inc.
ATLA-Association
of Trial Lawyers of America
ATM-automated teller machine
ATRA-American Tort Reform Association
AU-Associate
in Underwriting
AWW-average
weekly wage
A B C D
E F G H I
J K L M
N O P Q R
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B
BACM-best
available control measures
BAP-business auto policy
BBB-banker's blanket bond
B&C-building and contents
BCAR-Best's
Capital Adequacy Ratio
BCBSA-Blue Cross and Blue Shield Association
BCE-Bermuda Commodities Exchange
BCEGS-building
codes effectiveness grading schedule
BCM-business
continuity management
BDAT-best
demonstrated available technology
BERP-basic
extended reporting period
BFCGL-broad
form comprehensive general liability (endorsement)
BFPD-broad
form property damage (endorsement)
BI-bodily injury; business interruption
BIC-business income coverage
BIM-Building
Information Modeling
BM, B&M-boiler and machinery (forms)
BOP-businessowners
policy
BOW-breach of warranty
BPB-blanket position bond
BPF-basic premium factor
BPL-bankers
professional liability insurance
BPT-branch profits tax
BR-builders risk
BRAC-Base Realignment and Closure Act
BTR-below-target risk
BV-brick veneer (construction)
A B C D
E F G H I
J K L M
N O P Q R
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C
CAA-Clean
Air Act
CAC-combined additional coverage
CAGR-compounded annual growth rate
CAI-computer assisted instruction
CAL-comprehensive
automobile liability
C and F-cost and freight
CAN-SPAM-The
Controlling the Assault of Non-Solicited Pornography and Marketing Act of 2003
CAPM-Capital
Asset Pricing Model
CAPP-Conference of Actuaries in Public Practice
CAR-contractors
all risk (insurance)
CARE-Concerned Alliance of Responsible Employers
CARFM-Coalition of Alternative Risk Funding
Mechanisms
CARFRA-Coordinated
Advertising, Rate and Form Review Authority
CAS-Casualty Actuarial Society
CAT-catastrophe
CBE-computer based education
CBMU-Canadian Board of Marine Underwriters
CBOT-Chicago Board of Trade
CBRA-Coastal Barrier Resources Act
CBRN-chemical,
biological, radiological, nuclear weapon
CBRS-Coastal Barrier Resources System
CC&R-covenants,
conditions, and restrictions
CCC-care,
custody, or control (exclusion)
CCIA-Consumer Credit Insurance Association
CCIP-contractor
controlled insurance program
CCLA-Casualty Claim Law Associate
CCLS-Casualty Claim Law Specialist
CD-certificate of deposit
CDW-collision damage waiver
CEB-Council of Employer Benefits
CEBS-Certified Employee Benefits Specialist
CEN-confiscation, expropriation, nationalization
(insurance)
CEND-confiscation, expropriation, nationalization,
and deprivation (insurance)
CEO-chief executive officer
CEPT-credit equivalent bypass trust
CERCLA-Comprehensive
Environmental Response Compensation and Liability Act
C&F-cost
and freight
CF-contract frustration
CFA-Chartered Financial Analyst
CFC-Chartered Financial Consultant;
controlled foreign corporation
CFMA-Construction Financial Management Association
CFO-chief financial officer
CFP-Certified Financial Planner; coordinated
financial planning
CFROI-cash
flow return on investments
CFTC-Commodities and Futures Trading Commission
CFU-customary freight unit
CGL-commercial
general liability; formerly comprehensive general liability
CHCM-Certified Hazard Control Manager
CHIAA-Crop-Hail Insurance Actuarial Association
CIAA-Canadian Independent Adjusters Association
CIAB-The Council of Insurance Agents and
Brokers
CIC-Certified Insurance Counselor
CICA-Captive
Insurance Companies Association, Inc.
CIF-cost,
insurance, and freight
CIH-Certified Industrial Hygienist;
Compensated Intercorporate
Hauling
CII-Chartered
Insurance Institute
CIP-consolidated
insurance program; controlled
insurance program
CIRB-Crop Insurance Research Bureau
CISR-Certified Insurance Service Representative
CIT-critical incident technique
CLHIA-Canadian Life & Health Insurance Association
CLIEDIS-Canadian Life Insurance EDI Standards
Association
CLM-Commercial
Lines Manual
CLU-Chartered
Life Underwriter
CM-construction
management
CMP-commercial
multiple peril
CMT-crisis management team
CNHI-Committee for National Health Insurance
CNP-cotton named perils (insurance)
C/O-completed operations
COAA-Construction Owners Association of
America
COB-coordination of benefits
COBRA-Consolidated
Omnibus Budget Reconciliation Act
COC-course of construction
CO-CIP-cooperative
controlled insurance program
COGSA-Carriage
of Goods by Sea Act
COGWA-Carriage of Goods by Water Act
COIL-Conference of Insurance Legislators
COLA-Cost of Living Adjustment
COO-chief operating officer
COP-commercial
output policy
COPPA-Children's
Online Privacy Protection Act
COPE-construction,
occupancy, protection, exposure
COR-cost of risk
COSO-Committee
on Sponsoring Organizations
CP-commercial property (forms)
CPA-Certified Public Accountant
CPCU-Chartered
Property Casualty Underwriter
CPE-Certified Professional Engineer
CPI-Consumer Price Index
CPIW-Certified Professional Insurance Woman
CPL-comprehensive personal liability (insurance);
contractors pollution liability (insurance)
CPM-critical path method
CPP-Certified Protection Professional; commercial
property program
CPPA-Cable
Communications Policy Act
CPSA-Consumer Product Safety Act
CPSC-Consumer Product Safety Commission
CPSM-Certified Product Safety Manager
CPU-central processing unit
CQE-Certified Quality Engineer
CR-commercial crime (forms)
CRA-Cargo Reinsurance Association
CRE-certified reliability engineer
CRM-Canadian Risk Management (program);
Certified Risk Manager
CRO-chief
risk officer
CRIS-Construction
Risk and Insurance Specialist
CRS-Commercial Risk Services (ISO); community
rating system
CSL-combined single limit
CSO-claim services only
CSO Table-Commissioners Standard Ordinary
Table
CSP-Certified Safety Professional; commercial
statistical plan
CSR-customer service representative
CTD-cumulative trauma disorder
CTG-control
technique guidelines
CURT-Construction Users Roundtable
CV-cash value (life insurance); coefficient
of variation
CVA-captive
value added
CVIF-compound value interest factor
CWA-Clean
Water Act
CWR-countrywide rate pages
A B C D
E F G H I
J K L M
N O P Q R
S T U V
W X Y Z
D
DAC-deferred
acquisition cost
DAP-deposit administration plan
D&B-Dun & Bradstreet
DB-decibel
d/b/a-doing business as
DB&C-dwelling, building and contents
DBIA-Design-Build Institute of America
DCC-domestic cell captive
DCF-discounted cash flow (techniques)
DCIP-developer controlled insurance program
DDD-dishonesty, disappearance, and destruction
DDP-distributed data processing
DEC-declarations page
DED-deductible
DEFS-direct-applied exterior finish system
DEP-direct earned premium
DFA-Dynamic
Financial Analysis risk model
DFIRM-Digital
Flood Insurance Rate Map
DI-disability income; double indemnity
DIC-difference-in-conditions
(insurance)
DIL-difference-in-limits
(clause)
DITC-Disability Insurance Training Council
DJIA-Dow Jones Industrial Average
DMIC-Direct Marketing Insurance Council
DNI-distributable net income
D&O-directors
and officers (liability insurance)
DOB-date of birth
DOC-drive other car coverage
DOD-date of death
DOHSA-Death
on the High Seas Act
DOL-Department
of Labor
DOT-Department
of Transportation
DPP-deferred premium payment plan
DPPA-Driver's
Privacy Protection Act
DQO-data quality objective
DR-daily report
DRE-destruction
and removal efficiency
DRG-Diagnostic Related Group
DRI-Defense Research Institute
DSU-delay
in start-up insurance
DTI-Department of Trade and Industry (London)
A B C D
E F G H I
J K L M
N O P Q R
S T U V
W X Y Z
E
EA-Enrolled Actuary
EAB-experience account balance
EAP-employee
assistance program; estimated annual premium
EAR-erection
all risk (insurance)
EBIDDA-earnings
before interest, dividends, depreciation, and amortization
EBRI-Employee Benefit Research Institute
EC-extended
coverage (endorsement)
ECC-Eastern Claims Conference
ECF-extended care facility
ECFC-Employers Council on Flexible Compensation
ECI-export credit insurance
ECO-extracontractual
obligations
ECOR-economic
cost of ruin
ECP-exempt commercial policyholder
ECPA-Electronic
Communications Privacy Act
EDD-enforcement
decision document
EDI-export development corporation
EDP-electronic
data processing; extended discovery period/provision
EEL-emergency exposure limits
EEOC-Equal
Employment Opportunity Commission
EFT-electronic
funds transfer
EH&S-environmental health and safety
EIFS-exterior
insulation and finish systems
EIL-environmental
impairment liability
EIS-environmental impact statement
EJCDC-Engineering
Joint Contracts Documents Committee
EL-employers liability; expected loss
ELL-educators
legal liability (insurance)
ELP-excess
loss premium (factor)
ELR-expected loss rate
EMAP-Environmental
Monitoring and Assistance Program
EMT-emergency
medical technician
ENCP-ERISA Non-Compliance Program
E&O-errors
and omissions (liability insurance)
EP-earned premium
EPA-Environmental Protection Agency
EPD-expected policyholder deficit
EPL-employment practices liability
EPLI-employment
practices liability insurance
EPS-earnings per share
ERD-expected
reinsurer deficit
ERIC-ERISA Industry Committee
ERISA-Employee
Retirement Income Security Act
ERM-enterprise
risk management
ERP-extended
reporting period
ERPL-employment-related
practices liability (policy)
ERSC-Environmental Response Services Contractor
E&S-excess
and surplus (lines)
ESA-employee spending account; environmental
site assessment
ESH-environmental safety and health
ESOP-employee
stock ownership plan
ESOT-employee stock ownership trust
ETB-engaged
in trade or business
EVA-economic
value added
EXIMBANK-Export-Import Bank of the United
States
A B C D
E F G H I
J K L M
N O P Q R
S T U V
W X Y Z
F
FAA-Federal Aviation Administration
FAC-facultative reinsurance
FAIR-Fair
Access to Insurance Requirements
FALU-Fellow of the Academy of Life Underwriting
FAP-family automobile policy (more commonly
PAP)
FAR-Federal Aviation Regulations
FAS-free
along side (ocean marine cargo)
FASB-Financial
Accounting Standards Board
F&C-fire and casualty
FCAS-Fellow of the Casualty Actuarial Society
FCC-Federal Communications Commission
FCE-functional
capacity evaluation
FCIC-Federal Crop Insurance Corporation
FCII-Fellowship
of the Chartered Insurance Institute (British)
FCLA-Fraud Claim Law Associate
FCLS-Fraud Claim Law Specialist
FCMH&SA-Federal
Coal Mine Health & Safety Act
FCPL-farmers comprehensive personal liability
FCRA-Fair
Credit Reporting Act
FC&S-free
of capture and seizure (warranty)
FDA-Food and Drug Administration
FDI-foreign direct investment
FDIC-Federal Deposit Insurance Corporation
FDPA-Flood Disaster Protection Act
FECA-Federal Employees Compensation Act
FEGLI-Federal Employees Group Life Insurance
FELA-Federal
Employers Liability Act
FEMA-Federal
Emergency Management Agency
FERMA-Federation of European Risk Management
Associations
FET-federal
excise tax
FHBM-flood hazard boundary map
FHWA-Federal
Highway Administration
FIA-Federal Insurance Administration; Fellow
of the Institute of Actuaries; full interest admitted
FIC-Fraternal Insurance Counselor
FICA-Federal
Insurance Contribution Act
FICC-Federation of Insurance and Corporate
Counsel
FIFO-first in, first out
FIIC-Fellow of the Insurance Institute of
Canada
FIRM-flood
insurance rate map
FIRREA-Financial Institutions Reform Recovery
and Enforcement Act
FLMI-Fellow of the Life Management Institute
FLSA-Fair
Labor Standards Act
FM-factory mutual
FMCSA-Federal
Motor Carrier Safety Administration
FMCSR-Federal
Motor Carrier Safety Regulations
FMLA-Family
and Medical Leave Act of 1993
FMV-fair market value
FNMA-Federal National Mortgage Association
FOB-free
on board
FOC-Fire Office Committee Forms
FPA-free
of particular average
FPAAC-free
of particular average (American conditions)
FPAEC-free
of particular average (English conditions)
FPEB-Fire Prevention and Engineering Bureau
FR-farm and ranch (forms); fire resistive
FRM-Fellow
in Risk Management
FRV-fair
rental value coverage
FSA-Fellow of the Society of Actuaries;
flexible spending account; field service advice
FSLIC-Federal
Savings and Loan Insurance Corporation
FT-financial transformation
FTC-Federal Trade Commission
FTCAC-fire, theft, and combined additional
coverage
FVD-full value declared
A B C D
E F G H I
J K L M
N O P Q R
S T U V
W X Y Z
G
GA-general agent
GAAP-Generally
Accepted Accounting Principles
GAAS-Generally Accepted Auditing Standards
GAB-General
Adjustment Bureau
GAMA-General Agents and Managers Association
GAMC-General Agents and Managers Conference
GAO-Government Accountability Office
GAP-guaranteed
auto protection
GASB-Governmental Accounting Standards Board
GC-guaranteed cost
GCCI-Guy Carpenter Catastrophe Index
GCD-guaranteed
cost discount
GCW-gross
combination weight
GFCI-ground fault circuit interrupter
GHAA-Group Health Association of America
GIC-guaranteed
investment contract
GINA-Genetic
Information Nondiscrimination Act of 2008
GIO-guaranteed insurability option
GKLL-garagekeepers legal liability (insurance)
GL-general liability
GLB-Gramm-Leach-Bliley
Act
GNEPI-gross/net earned premium income
GNMA-Government National Mortgage Association
GNPI-gross/net premium income
GNWPI-gross/net written premium income
GPO-Government Printing Office; guaranteed
purchase option
GULP-Group Universal Life Program
GVW-gross
vehicle weight
GWP-gross
written premium
A B C D
E F G H I
J K L M
N O P Q R
S T U V
W X Y Z
H
HB-House Bill
HCQIA-Health Care Quality Improvement Act
HFIE-Huebner Foundation for Insurance Education
HI-health insurance
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
HMO-health
maintenance organization
HO-homeowners (insurance)
HOLUA-Home Office Life Underwriters Association
HPL-hospital
professional liability (insurance)
HPR-highly
protected risk (property)
HRS-hazardous
ranking system
HSA-health system agency
HSP-Healthcare Safety Professional
HT-heavy timber (construction)
HVAC-heating, ventilating, and air conditioning
A B C D
E F G H I
J K L M
N O P Q R
S T U V
W X Y Z
I
IAC-Industrial Accident Commission; independent
agency captive
IAHU-International Association of Health
Underwriters
IAOC-Insurers' Advisory Organization of
Canada
IASA-Insurance Accounting and Systems Association,
Inc.
IBC-Insurance Bureau of Canada
IBNE-incurred
but not enough
IBNR-incurred
but not reported (losses)
ICA-International Claim Association; Insurance
Consortium of America
ICAC-Insurance Committee for Arson Control
ICC-increased cost of compliance;
Interstate Commerce Commission
(now defunct); institute cargo clauses
ICEDS-Insurance Company Education Directors
Society
ICIA-International Credit Insurance Association
ICJ-Institute for Civil Justice
ICP-insurance conference planners
ICPA-Insurance Conference Planners Association
ICPI-Insurance Crime Prevention Institute
ICSID-International Center for the Settlement
of Investment Disputes
IDBI-Industrial Development Bond Insurance
IDI-inherent
defects insurance
IDLH-immediately
dangerous to life and health
IDM-integrated
disability management
IEA-Insurance Educational Association
IFC-insured
fixed-price cleanup
IFEBP-International Foundation of Employee
Benefit Plans
IFSC-International Financial Services Centre
IFSRA-Irish Financial Services Regulatory
Authority
IFTA-International
Fuel Tax Agreement
IGF-insurance guaranteed financing
IH-industrial hygiene
IHOU-Institute of Home Office Underwriters
IIA-Insurance Institute of America, Inc.
IIAA-Independent Insurance Agents of America,
Inc.
IIAC-International Insurance Advisory Council
IIC-Insurance Institute of Canada
IICAE-Insurance Industry Consumer Affairs
Exchange
IIE-Illinois Insurance Exchange
IIHS-Insurance
Institute for Highway Safety
III-Insurance
Information Institute
IIMA-Insurance Industry Meetings Association
IIS-International Insurance Seminars, Inc.
IL-interline (forms)
ILCA-Insurance Loss Control Association
ILF-increased limits factor
ILOC-irrevocable
letter of credit
ILU-Institute of London Underwriters
IM-inland marine (forms)
IMCA-Insurance Marketing Communications
Association
IME-independent
medical exam
IMF-International Monetary Fund
IMUA-Inland Marine Underwriters Association
IOS-International Organization for Standardization
IPA-Independent Practice Association
IPAC-Insurance Public Affairs Council
IPFA-Insurance Premium Finance Association
IPT-insurance premium tax
IR-incident recall
IRA-individual retirement account
IRC-Insurance Research Council; Internal
Revenue Code
IRES-Insurance Regulatory Examiners Society
IRI-Industrial Risk Insurers
IRIS-Insurance
Regulatory Information System
IRM-improved risk mutuals
IRMC-Institute for Risk Management Consultants
IRMI-International Risk Management Institute,
Inc.
IRP-International
Registration Plan
IRPM-Individual
Risk Premium Modification
IRR-internal rate of return
IRS-Internal Revenue Service
ISCEBS-International Society of Certified
Employee Benefits Specialists
ISO-Insurance
Services Office, Inc.
ISTEA-Intermodal
Surface Transportation Efficiency Act
ITC-investment tax credit
ITCIF-International Trade Credit Insurance
Facility
ITES-Information Technology Enabled Services
ITI-Insurance Testing Institute
IVANS-Insurance Value Added Network Services
A B C D
E F G H I
J K L M
N O P Q R
S T U V
W X Y Z
J
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
A B C D
E F G H I
J K L M
N O P Q R
S T U V
W X Y Z
K
K&R-kidnap
and ransom
A B C D
E F G H I
J K L M
N O P Q R
S T U V
W X Y Z
L
LAE-loss
adjustment expense
LASH-lighter aboard ship
LCA-Life Communicators Association
LCF-loss
conversion factor
LDF-loss development factor
LDW-limited damage waiver;
loss damage waiver
LEA-Loss Executives Association
LEED-The
Leadership in Energy and Environmental Design
LEPC-Local Emergency Planning Committee
LHWCA-Longshore
and Harbor Workers Compensation Act
LIAA-Life Insurance Association of America
LIAMA-Life Insurance Agency Management Association
LIFO-last in, first out
LIMRA-Life Insurance Marketing & Research
Association
LIRB-Liability Insurance Research Bureau
LLC-limited
liability company
LMU-loss
mitigation underwriting
LOC-letter
of credit
LOMA-Life
Office Management Association
LPCS-Legal Principles Claim Specialist
LPG-liquid petroleum gas
LPRT-Leading Producers Round Table
LPSO-Lloyd's Policy Signing Office
LPT-loss
portfolio transfer
LTA-lost time accident; long term agreement
LTD-long-term
disability
LTL-less
than truckload
LUMP-limits
under multiple policy years
LUTC-Life
Underwriter Training Council
A B C D
E F G H I
J K L M
N O P Q R
S T U V
W X Y Z
M
M-masonry (construction)
MAAA-Member of American Academy of Actuaries
MAC-maximum allowable concentration
MAP-market assistance plan
MAS-management advisory service
MBIA-Municipal Bond Insurance Association
M&C-manufacturers
and contractors (insurance)
MCA-Motor
Carrier Act of 1980
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
MGA-managing
general agent
MGU-managing
general underwriter
MIB-Medical Information Bureau
MICA-Mortgage Insurance Companies of America
MICRA-Medical
Insurance Compensation Reform Act
MIGA-Multilateral Investment Guarantee Agency
MIS-management information system
MLE-maximum loss expectancy
MLEA-multiple line exclusive agent
MLIS™-Management
Liability Insurance Specialist
MLR-multiple location risk
MMI-maximum
medical improvement
MMII-Mass Marketing Insurance Institute
M-NC-masonry-non-combustible (construction)
MNC-multi-national corporation
MOP-manufacturers
output policy
MORT-Management Oversight and Risk Tree
MOSB-mercantile open stock burglary (insurance)
MP-minimum premium; multiple peril
MPCI-multi-peril
crop insurance
MPL-maximum
possible loss
MPP-managed premium plan
MSA-market
service agreement
MSAWPA-Migrant
and Seasonal Agricultural Worker Protection Act
MSBF-money and securities broad form (insurance)
MSD-musculoskeletal disorder
MSDS-material
safety data sheet
MSVR-Mandatory Securities Valuation Reserve
MTC-motor truck cargo (insurance)
MVC-mean/variance/covariance
risk modeling method
MVR-motor vehicle record
MYSL-multi-year
single limit
A B C D
E F G H I
J K L M
N O P Q R
S T U V
W X Y Z
N
NAA-National Association of Accountants
NAAQS-national ambient air quality standard
NABRTI-National Association of Bar-Related
Title Insurers
NACA-National Association of Catastrophe
Adjusters
NACIA-National Association of Crop Insurance
Agents
NAFI-National Association of Fire Investigators
NAFIC-National Association of Fraternal
Insurance Counselors
NAFTA-North American Free Trade Agreement
NAHU-National Association of Health Underwriters
NAIA-National Association of Insurance Agents
NAIC-National
Association of Insurance Commissioners
NAICS-North
American Industry Classification System
NAIFA-National Association of Insurance
and Financial Advisors
NAII-National Association of Independent
Insurers
NAIIA-National Association of Independent
Insurance Adjusters
NAIIO-Non-Admitted Insurers Information
Office
NAIW-National Association of Insurance Women
NALC-National Association of Life Companies
NAMIC-National Association of Mutual Insurance
Companies
NAPIA-National Association of Public Insurance
Adjusters
NAPSLO-National Association of Professional
Surplus Lines Offices
NARAB-National
Association of Registered Agents and Brokers
NASBA-National Association of State Boards
of Accountancy
NASBP-National Association of Surety Bond
Producers
NASD-National Association of Securities
Dealers
NATB-National Automobile Theft Bureau
NAUA-National Auto Underwriters Association
NBC-nuclear,
biological, chemical weapons
NBCU-National Bureau of Casualty Underwriters
(no longer in operation)
NBFU-National Board of Fire Underwriters
NCCI-National
Council on Compensation Insurance
NCCMP-National Coordinating Committee for
Multi-Employer Plans
NCFC-noncontrolled
foreign corporation
NCIL-National Conference of Insurance Legislators
NCOIL-National Conference of Insurance Legislators
NCPI-National Committee on Property Insurance
NCSI-National Council of Self-Insurers
NCUA-National Credit Union Administration
NDI-National Disaster Insurance Association
NEFE-National Endowment for Financial Education
NEISS-National Electronic Injury Surveillance
System
NEPA-National Environmental Policy Act
NFCA-National Fraternal Congress of America
NFIP-National
Flood Insurance Program
NFIRA-National Flood Reform Act
NFPA-National Fire Protection Association
NHCAA-National Health Care Anti-Fraud Association
NHI-National Health Insurance
NHTSA-National
Highway Traffic Safety Administration
NICB-National Insurance Crime Bureau
NICO-National Insurance Consumer Organization
NIDC-National Insurance Development Corporation
NIOSH-National Institute for Occupational
Safety and Health
NIPA-National Institute of Pension Administrators
NIRP-National Insurance Risk Profile
NISS-National
Independent Statistical Service
NLE-Normal Loss Expectancy of a risk
NOA-naturally
occurring asbestos
NOC-not otherwise classified
NOL-not officially lapsed
NP-named perils
NPD-no payroll division
NPDB-National
Practitioner Data Bank
NPL-National
Priority List
NPV-net present value
NRC-Nuclear Regulatory Commission
NRRA-National Risk Retention Association
NRT-National
Response Team
NSC-National
Safety Council
NSIPA-National Society of Insurance Premium
Auditors
NSLI-National Service Life Insurance
NSP-net single premium
NSPA-National Society of Public Accountants
NSPE-National Society of Professional Engineers
NSPS-New
Source Performance Standards
NTSB-National Transportation Safety Board
NVD-no value declared
A B C D
E F G H I
J K L M
N O P Q R
S T U V
W X Y Z
O
OASDHI-Old Age, Survivors, Disability, and
Health Insurance (Act)
OCA-outstanding claims account
OCIP-owner
controlled insurance program
OCP-owners
and contractors protective (insurance)
OCSLA-Outer
Continental Shelf Lands Act
OD-occupational disease
OECD-Organization for Economic Cooperation
and Development
OEE-operators
extra expense (insurance)
OFA-Organized Flying Adjusters
OGP-original
gross premium
OI-outage insurance
OIS-operating information system
OL&T-owners,
landlords, and tenants (insurance)
O&M-operations and maintenance (programs)
OMCS-Office
of Motor Carrier Standards
OPIC-Overseas Private Investment Corporation
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
A B C D
E F G H I
J K L M
N O P Q R
S T U V
W X Y Z
P
PA-particular average
PAAS-Premium Audit Advisory Service
PAIU-Professional Association of Insurance
Underwriters
PAP-personal
auto policy
PARMA-Public Agency Risk Managers Association
PAS-premium allocation system
PBGC-Pension
Benefits Guaranty Corporation
P&C-property and casualty
PC-professional corporation
PCAOB-Public
Company Accounting Oversight Board
PCC-protected
cell captive
PCI-Property Casualty Insurers of America
PCIP-partner
controlled insurance program
PCLA-Property Claim Law Associate
PCLS-Property Claim Law Specialist
PD-property damage
PDA-Pregnancy
Discrimination Act of 1978
PE-professional engineer
PEBB-public employee blanket bond
PEO-professional
employer organization
PERT-Performance, Evaluation, and Review
Technique
PFIC-passive
foreign investment company
P&I-protection
and indemnity (insurance)
PI-personal injury
PIA-primary insurance account; Professional
Insurance Agents (association)
PIAA-Physician Insurers Association of America
PICA-Professional Insurance Communicators
of America
PIP-personal
injury protection
PIPEDA-Personal
Information Protection and Electronic Documents Act
PIPSO-Property Insurance Plans Service Office
PL-professional liability
PLE-primary loss expectancy
PLL-pollution legal liability (insurance)
PLR-primary loss retention
PLRB-Property Loss Research Bureau
PLUS-Professional Liability Underwriting
Society
PMA-package modification adjustment
PMF-package modification factor
PMI-private mortgage insurance
PML-probable
maximum loss
PMPL-project
management protective liability (insurance)
PNOC-provisional
notice of cancellation
POL-public officials liability
PORC-producer-owned
reinsurance company
PPF-personal property floater
PPO-preferred
provider organization
PR-pro rata
PRD-pro rata distribution
PRI-political risk insurance
PRIMA-Public
Risk Management Association
PRO-peer review organization
PRP-potentially
responsible party; preferred risk policy
PSA-placement
service agreement
PSAC-Policy Signing and Accounting Centre
(London)
PSC-Public State Commission; Public Service
Commission
PSI-pollutant
standard index
PSLRA-Private Securities Legislation Reform
Act
PSRO-Professional Standards Review Organization
PTE-prohibited
transaction exemption
PUC-Public Utilities Commission
PV-present value
A B C D
E F G H I
J K L M
N O P Q R
S T U V
W X Y Z
Q
QC-quality control
QPC-qualified pollution exclusion
Q Tip Trust-Qualified Terminable Interest
Property Trust
A B C D
E F G H I
J K L M
N O P Q R
S T U V
W X Y Z
R
RA-remedial
action; regional administrator (Clean Water Act)
RAA-Reinsurance Association of America
RACM-regulated
asbestos containing material
RACT-reasonable
available control technology
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
RCRA-Resource
Conservation and Recovery Act of 1976
RDF-retro development factor
REIT-Real Estate Investment Trust
RFIS-Remedial Feasibility Investigation
Study
RFP-request
for proposal
RICO-Racketeer
Influenced and Corrupt Organizations Act of 1970
RIMS-Risk
and Insurance Management Society, Inc.
RM-risk management
RMF-rate modification factor
RMIS-risk
management information system
RML-residual
market load
ROC-Research and Oversight Council on Workers'
Compensation
ROCIP-rolling owner controlled insurance
program
ROE-return
on equity
ROEBI-Return on Employee Benefits Investment
ROI-return on investment
ROL-rate
on line
RORAC-return
on risk-adjusted capital
RP-return premium
RPG-risk
purchasing group
RPII-related
party insurance income
RPLU-Registered
Professional Liability Underwriter
RPM-remedial
project manager
RPMP-Risk Premium Modification Plan
RQ-reportable
quantity
RRA-Risk
Retention Act
RRG-risk
retention group
RRSP-registered retirement saving plan
RSPA-Research
and Special Programs Administration
RTW-return to work
A B C D
E F G H I
J K L M
N O P Q R
S T U V
W X Y Z
S
SAA-Surety Association of America
SAP-statutory
accounting principles
SARA-Superfund Amendments and Reauthorization
Act
SARBOX, SOx, SOX-Sarbanes-Oxley
Act of 2002
SAWW-statewide average weekly wage
SB-Senate Bill
SBLI-Savings Bank Life Insurance
SCC-segregated
cell captive
SCCIA-South Carolina Captive Insurance Association
SCIC-Society of Certified Insurance Counselors
SCLA-Senior Claim Law Associate
SCOH-Statistical Coding Occupancy Hazard
SCOPE-supervision, construction, occupancy,
protection, exposure
SCPCU-Society of Chartered Property & Casualty
Underwriters
SEC-Securities and Exchange Commission
SEMCI-single
entry multiple carrier interface
SEP-simplified employee pension
SERC-State
Emergency Response Commission
SERP-supplemental
extended reporting period;
supplementary employee
retirement plan
SEUA-Southeastern Underwriters Association
SF-standard fire forms
SFHA-special
flood hazard area
SFIP-standard flood insurance policy
SFP-standard
fire policy jurisdictions
SFR-semi-fire resistive
SGLI-Servicemen's Group Life Insurance
SIA-Society of Insurance Accountants
SIC-Standard
Industrial Classification
SIIA-Self-Insurance Institute of America
SIP-State
Implementation Plans
SIPC-Securities Investor Protection Corporation
SIR-self-insured
retention; Society of Insurance Research
SITE-Society of Insurance Trainers and Educators
SIU-special
investigative unit
SK-storekeepers (liability)
SL-sprinkler leakage
SLC-special
litigation committee
SLR-stop-loss
reinsurance
SLUSA-Securities Litigation Uniform Standards
Act
SMP-special multi-peril (package policy)
SOA-Society of Actuaries
SOx, SOX-Sarbanes-Oxley Act of 2002
S&P-Standard and Poor's
SPAP-Special
Personal Auto Policy
SPBA-Society of Professional Benefit Administrators
SPC-special purpose company; segregated
portfolio company
SPECS-specifications
SPV-special
purpose vehicle
SR-short rate
SRA-Society for Risk Analysis
SR&CC-strikes,
riots, and civil commotions
SRMC-Society of Risk Management Consultants
SSA-Social Security Administration
SSAP 62-Statement of Statutory Accounting
Principles No. 62, Property and Casualty Reinsurance
SSRS-single
state registration system
STD-short-term disability
A B C D
E F G H I
J K L M
N O P Q R
S T U V
W X Y Z
T
TAMRA-Technical
and Miscellaneous Revenue Act of 1988
TCD-Treasury Certificate of Deposit
TCN-third country national
TCPA-Telephone
Consumer Protection Act of 1991
TDA-tax deferred annuity
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
TIF-tax incremental financing
TIL-Truth in Lending (Act)
TIRB-Transportation Insurance Rating Bureau
TIV-total
insured value
TL-truckload
TLO-total loss only
TLV-threshold
limit values
TM-tax multiplier
TMP-Texas Multi-Peril (package policy)
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
TRIEA-Terrorism
Risk Insurance Extension Act of 2005
TRIPRA-Terrorism
Risk Insurance Program Reauthorization Act of 2007
TSA-tax sheltered annuity
TSCA-Toxic Substances Control Act
TSDF-treatment, storage, and disposal facility
TTD-temporary total disability
A B C D
E F G H I
J K L M
N O P Q R
S T U V
W X Y Z
U
UBIT-unrelated business income tax
UBTI-unrelated business taxable income
UCC-Uniform Commercial Code
UCD-unemployment compensation disability
UCI-unemployment compensation insurance
UCR-usual, customary, reasonable (reimbursement)
UCRA-Unified
Carrier Registration Agreement
UEL-upper explosive level
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
UP-unearned premium
UPR-unearned premium reserve
UPS-uninterruptible power system
URL-uniform
resource locator
URMIA-University Risk Management & Insurance
Association
USDA-U.S. Department of Agriculture
USERRA-Uniformed
Services Employment and Reemployment Rights Act of 1994
USGLI-U.S. Government Life Insurance
USITC-U.S. International Trade Commission
USL&HW-United
States Longshore and Harbor Workers (Compensation Act)
UST-underground storage tank
UTBMS-Uniform
Task Based Management System
A B C D
E F G H I
J K L M
N O P Q R
S T U V
W X Y Z
V
VAR-value-at-risk
VEBA-Voluntary
Employees' Beneficiary Association
VGLI-Veterans Group Life Insurance
VIE-variable
interest entity
V&MM-vandalism and malicious mischief
VOC-volatile organic compound
VOR-value
of risk
VP-valuable papers
VPP-Voluntary
Protection Program
VPPA-Video
Privacy Protection Act
VSI-vendors single interest (insurance)
A B C D
E F G H I
J K L M
N O P Q R
S T U V
W X Y Z
W
WA-with
average
WACC-weighted
average cost of capital
WAEPA-Worldwide Assurance for Employees
of Public Agencies
WC-workers compensation
WCLA-Workers' Compensation Claim Law Associate
WCLS-Workers' Compensation Claim Law Specialist
WCRI-Workers Compensation Research Institute
WLRT-Women Leaders Round Table
WMD-weapon
of mass destruction
WPA-with particular average
WYO-write your own
A B C D
E F G H I
J K L M
N O P Q R
S T U V
W X Y Z
X
XCU-explosion, collapse, and underground
(property damage hazard)
XS-excess policy
A B C D
E F G H I
J K L M
N O P Q R
S T U V
W X Y Z
Y
Y2K-year 2000
YRCT-yearly renewable convertible term
YRT-yearly renewable term
A B C D
E F G H I
J K L M
N O P Q R
S T U V
W X Y Z
Z
A B C D
E F G H I
J K L M
N O P Q R
S T U V
W X Y Z