Important Insurance Abbreviations: Dear Friends, as you all know very well LIC Assistant Mains examination is approaching shortly. Many of our followers were about to attend the examination. We have already provided Lot of Study Materials for LIC Assistant Mains 2019. Some of the aspirants have requested us to provide Important Insurance Abbreviations for all Insurance Exams. Here we have provided the full list of important Insurance Abbreviations.
Important Insurance Abbreviations | For Upcoming Insurance Exams:
| Term | Full-Form |
| ULIP | Unit Linked Insurance Plan |
| ARM | Associate in Risk Management |
| BAP | Business Automobile Policy |
| BOP | Business Owner Policy |
| CIC | Certified Insurance Counselor |
| DSU | Delay in Start Up |
| NCLT | National Company Law Tribunal |
| NAV | Net Asset Value |
| UHIS | Universal Health Insurance Scheme |
| DOD | Date Of Death |
| EAP | Employee Assistance Program |
| ETB | Engaged in Trade or Business |
| FMU | Full Medical Underwriting |
| GAP | Guaranteed Auto Protection |
| GL | General Liability |
| NDA | Non- Disclosure Agreement |
| EEI | Electronic Equipment Insurance |
| GWP | Gross Written Premium |
| HII | Health and Integrated Insurance |
| HLV | Human Life Value |
| LOC | Line Of Coverage |
| MDO | Monthly Debit Ordinary |
| FII | Foreign Institutional Investor |
| SEZ | Special Economic Zone |
| MPL | Medical Professional Liability |
| MPP | Minimum Premium Plan |
| ORFS | Operational Risk Financing Securities |
| PAP | Personal Auto Policy |
| RAM | Reverse Annuity Mortgage |
| SPAP | State Pharmaceutical Assistance Programs. |
| IIB | Institute of Insurance Brokers |
| LIC | Life Insurance Corporation of India |
| TDI | Temporary Disability Insurance |
| TERI | Targeted Enterprise Risk Insurance |
| TPA | Third Party Administrator |
| UL | Underwriters Laboratories |
| YRT | Yearly Renewable Term |
| NSDL | National Securities Depository Limited |
| GBIC | Green Bay Insurance Center |
| YRCT | Yearly Renewable Convertible Term |
| UMV | Uninsured Motor Vehicle |
| UNL | Ultimate Net Loss |
| UM | Uninsured Motorist |
| UMPD | Uninsured Motorist Property Damage |
| ULC | Underwriters Laboratories of Canada |
| UJF | Unsatisfied Judgement Fund |
| UEP | Unearned Premium |
| TIAA | Teachers Insurance and Annuity Association |
| TDI | Trade Disruption Insurance |
| TDB | Temporarily Disability Benefits |
| SEMCI | Single Entry Multiple Company Interface |
| SEC | Securities and Exchange Commission |
| RBC | Risk Based Capital |
| RAA | Reinsurance Association of America |
| PMI | Private Mortgage Insurance |
| PML | Probable Maximum Loss |
| PMF | Package Modification Factor |
| PIP | Personal Injury Protection |
| PICA | Professional Insurance Communicators of America |
| OSLR | Outstanding Loss Reserves |
| ORM | Operational Risk Management |
| OCA | Outstanding Claims Account |
| NDI | National Disaster Insurance Association |
| NAUA | National Auto Underwriters Association |
| MPP | Managed Premium Plan |
| MCO | Managed Care Organisation |
| LTA | Long Term Agreement |
| LLC | Limited Liability Company |
| LIRB | Liability Insurance Research Bureau |
| LAE | Loss Adjustment Expense |
| IRM | Improved Risk Mutuals |
| IIHS | Insurance Institute for Highway Safety |
| HPR | Highly Protected Risk |
| CISR | Certified Insurance Service Representative |
| CIC | Certified Insurance Counselor |
| DOC | Drive Other Car Coverage |
| EBIDD | A- Earnings Before Interest, Dividends, Depreciation and Amortization |
| EPLI | Employment Practices Liability Insurance |
| FCAS | Fellow of the Casuality Actuarial Society |
| FCRA | Fair Credit Reporting Act |
| FVD | Full Value Declared |
| GVW | Gross Vehicle Weight |
| HLDI | Highway Loss Data Institute |
| FTCAC | Fire, Theft And Combined Additional Coverage |
| FIRRE | A- Financial Institutions Reform Recovery and Enforcement Act |
| NRRA | National Risk Retention Association |
