Important Insurance Abbreviations | For Upcoming Insurance Exams

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

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