Auto Insurance Abbreviations (Car and Other Vehicles)

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

  1. ACSR: Accredited Customer Service Representative
  2. ARM: Associate in Risk Management
  3. ARM-P: Associate in Risk Management for Public Entities
  4. ASOP: Actuarial Statement of Practice
  5. BAP: Business Auto Policy
  6. BI: Bodily Injury
  7. BOP: Business Owners Policy
  8. CCC: Care, Custody, or Control (Exclusion)
  9. CFROI: Cash Flow Return on Investments
  10. CIC: Certified Insurance Counselor
  11. CISR: Certified Insurance Service Representative
  12. COBRA: Consolidated Omnibus Budget Reconciliation Act
  13. CPCU: Chartered Property Casualty Underwriter
  14. CPIW / CPIM: Certified Professional Insurance Woman / Man
  15. D&O: Directors and Officers (Liability Insurance)
  16. DEC: Declarations Page
  17. DED: Deductible
  18. DI: Disability Income
  19. DSU: Delay in Start-Up Insurance
  20. EAP: Estimated Annual Premium
  21. EP: Earned Premium
  22. EPL: Employment Practices Liability
  23. EPLI: Employment Practices Liability Insurance
  24. FAIR: Fair Access to Insurance Requirements
  25. FAP: Family Automobile Policy
  26. FCAS: Fellow of the Casualty Actuarial Society
  27. FIRM: Flood Insurance Rate Map
  28. GAP: Guaranteed Auto Protection
  29. GL: General Liability
  30. GVW: Gross Vehicle Weight
  31. GWP: Gross Written Premium
  32. HIAA: Health Insurance Association of America
  33. HIAA: Health Insurance Association of America
  34. HII: Health Insurance Institute
  35. HIPAA: Health Insurance Portability and Accountability Act
  36. HPR: Highly Protected Risk (Property)
  37. IAHU: International Association of Health Underwriters
  38. IFC: Insured Fixed-Price Cleanup
  39. IIAA: Independent Insurance Agents of America, Inc.
  40. IIAC: International Insurance Advisory Council
  41. IIHS: Insurance Institute for Highway Safety
  42. III: Insurance Information Institute
  43. IRI: Industrial Risk Insurers
  44. IRIS: Insurance Regulatory Information System
  45. ITI: Insurance Testing Institute
  46. LAE: Loss Adjustment Expense
  47. LIAA: Life Insurance Association of America
  48. LIAMA: Life Insurance Agency Management Association
  49. LIRB: Liability Insurance Research Bureau
  50. LLC: Limited Liability Company
  51. LMU: Loss Mitigation Underwriting
  52. LOC: Letter of Credit
  53. LTA: Lost Time Accident; Long Term Agreement
  54. LTD: Long-Term Disability
  55. M&D: Minimum and Deposit
  56. MCO: Managed Care Organization
  57. MDO: Monthly Debit Ordinary Life Insurance
  58. MDRT: Million Dollar Round Table
  59. MET: Multiple Employer Trust
  60. MFL: Maximum Foreseeable Loss
  61. MLE: Maximum Loss Expectancy
  62. MLEA: Multiple Line Exclusive Agent
  63. MPCI: Multi-Peril Crop Insurance
  64. MPL: Maximum Possible Loss
  65. MPP: Managed Premium Plan
  66. MVR: Motor Vehicle Record
  67. NAUA: National Auto Underwriters Association
  68. NDI: National Disaster Insurance Association
  69. NFIP: National Flood Insurance Program
  70. NFIRA: National Flood Reform Act
  71. NFPA: National Fire Protection Association
  72. NIOSH: National Institute for Occupational Safety and Health
  73. NRRA: National Risk Retention Association
  74. NRT: National Response Team
  75. NSC: National Safety Council
  76. OCIP: Owner Controlled Insurance Program
  77. OD: Occupational Disease
  78. OL&T: Owners, Landlords, and Tenants Insurance
  79. ORFS: Operational Risk Financing Securities
  80. ORM: Operational Risk Management​​
  81. OSHA: Occupational Safety and Health Administration
  82. P&C: Property and Casualty
  83. PAP: Personal Auto Policy
  84. PIP: Personal Injury Protection
  85. PMI: Private Mortgage Insurance
  86. PML: Probable Maximum Loss
  87. RBC: Risk-Based Capital
  88. SAA: Surety Association of America
  89. SEC: Securities and Exchange Commission
  90. SPAP: Special Personal Auto Policy
  91. TPA: Third-Party Administrator
  92. UIM: Underinsured Motorist​​
  93. UIMV: Underinsured Motor Vehicle
  94. UL: Umbrella Liability
  95. ULAE: Unallocated Loss Adjustment Expenses
  96. UM: Uninsured Motorist
  97. UMPD: Uninsured Motorist Property Damage
  98. UMV: Uninsured Motor Vehicle
  99. UNL: Ultimate Net Loss
  100. WC: Workers Compensation


Health Insurance Abbreviations

Property and Casualty Insurance Terminology

Auto Insurance Abbreviations