Welcome to our ESL and lifestyle blog, where we merge language learning with everyday life! Today, we’re delving into the fascinating world of insurance jargon. Whether you’re navigating car insurance for the first time or looking to expand your English vocabulary, understanding these terms is key.
Let’s break down the lingo and make insurance speak accessible and clear. Stay tuned!
Auto Insurance Abbreviations
- ACSR: Accredited Customer Service Representative
- ARM: Associate in Risk Management
- ARM-P: Associate in Risk Management for Public Entities
- ASOP: Actuarial Statement of Practice
- BAP: Business Auto Policy
- BI: Bodily Injury
- BOP: Business Owners Policy
- CCC: Care, Custody, or Control (Exclusion)
- CFROI: Cash Flow Return on Investments
- CIC: Certified Insurance Counselor
- CISR: Certified Insurance Service Representative
- COBRA: Consolidated Omnibus Budget Reconciliation Act
- CPCU: Chartered Property Casualty Underwriter
- CPIW / CPIM: Certified Professional Insurance Woman / Man
- D&O: Directors and Officers (Liability Insurance)
- DEC: Declarations Page
- DED: Deductible
- DI: Disability Income
- DSU: Delay in Start-Up Insurance
- EAP: Estimated Annual Premium
- EP: Earned Premium
- EPL: Employment Practices Liability
- EPLI: Employment Practices Liability Insurance
- FAIR: Fair Access to Insurance Requirements
- FAP: Family Automobile Policy
- FCAS: Fellow of the Casualty Actuarial Society
- FIRM: Flood Insurance Rate Map
- GAP: Guaranteed Auto Protection
- GL: General Liability
- GVW: Gross Vehicle Weight
- GWP: Gross Written Premium
- HIAA: Health Insurance Association of America
- HIAA: Health Insurance Association of America
- HII: Health Insurance Institute
- HIPAA: Health Insurance Portability and Accountability Act
- HPR: Highly Protected Risk (Property)
- 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
- ITI: Insurance Testing Institute
- 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
- M&D: Minimum and Deposit
- MCO: Managed Care Organization
- 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
- 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 Administration
- P&C: Property and Casualty
- PAP: Personal Auto Policy
- PIP: Personal Injury Protection
- PMI: Private Mortgage Insurance
- PML: Probable Maximum Loss
- RBC: Risk-Based Capital
- SAA: Surety Association of America
- SEC: Securities and Exchange Commission
- SPAP: Special Personal Auto Policy
- TPA: Third-Party Administrator
- UIM: Underinsured Motorist
- UIMV: Underinsured Motor Vehicle
- UL: Umbrella Liability
- ULAE: Unallocated Loss Adjustment Expenses
- UM: Uninsured Motorist
- UMPD: Uninsured Motorist Property Damage
- UMV: Uninsured Motor Vehicle
- UNL: Ultimate Net Loss
- WC: Workers Compensation
Related:
Health Insurance Abbreviations
Property and Casualty Insurance Terminology
