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Common Insurance Acronyms Guidebook

Rather than talking to us in a normal, human language, insurance companies seem to derive joy from speaking in a strange language of acronyms. This language, if it can be called a language, can be confusing. You may feel like you need a translator. The following list will, hopefully, be a help to you if you should have to be involved in an insurance discussion.


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

BCBSA - Blue Cross and Blue Shield Association

BI - bodily injury

BOP - business owners policy


CFROI - cash flow return on investments

CRIS - Construction Risk and Insurance Specialist

CIC - Certified Insurance Counselor

CISR - Certified Insurance Service Representative

CPCU - Chartered Property Casualty Underwriter

CPIW / CPIM - Certified Professional Insurance Woman / Man

CCC - care, custody, or control (exclusion)

COBRA - Consolidated Omnibus Budget Reconciliation Act


D&B - Dun & Bradstreet

DEC - declarations page

DED - deductible

DI - disability income

DIC - difference-in-conditions (insurance)

DIL - difference-in-limits (clause)

D&O - directors and officers (liability insurance)

DSU - delay in start-up insurance

DOB - date of birth

DOC - drive other car coverage

DOD - date of death


EAP - estimated annual premium

EBIDDA - earnings before interest, dividends, depreciation, and amortization

EH&S - environmental health and safety

EP - earned premium

EPA - Environmental Protection Agency

EPD - expected policyholder deficit

EPL - employment practices liability

EPLI - employment practices liability insurance

ETB - engaged in trade or business


FAIR - Fair Access to Insurance Requirements

FALU - Fellow of the Academy of Life Underwriting

FCAS - Fellow of the Casualty Actuarial Society

FAP - family automobile policy (more commonly PAP)

FCPL - farmers comprehensive personal liability

FCRA - Fair Credit Reporting Act

FIRM - flood insurance rate map

FIRREA - Financial Institutions Reform Recovery and Enforcement Act

FMV - air market value

FTCAC - fire, theft, and combined additional coverage

FVD - full value declared


GAP - guaranteed auto protection

GCD - guaranteed cost discount

GIO - guaranteed insurability option

GKLL - garagekeepers legal liability (insurance)

GL - general liability

GVW - gross vehicle weight

GWP - gross written premium


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

HCQIA - Health Care Quality Improvement Act

HPL - hospital professional liability (insurance)

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

IRM - improved risk mutuals

ITI - Insurance Testing Institute


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


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


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

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


OCA - outstanding claims account

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 Act; Occupational Safety and Health Administration

OSLR - outstanding loss reserves

OTC - other than collision


PAP - personal auto policy

P&C - property and casualty

PC - professional corporation

P&I - protection and indemnity (insurance)

PI - personal injury

PIA - primary insurance account

PIAA - Physician Insurers Association of America

PICA - Professional Insurance Communicators of America

PIP - personal injury protection

PMA - package modification adjustment

PMF - package modification factor

PMI - private mortgage insurance

PML - probable maximum loss


RAA - Reinsurance Association of America

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

RTW - return to work


SAA - Surety Association of America

SCOPE - supervision, construction, occupancy, protection, exposure

SCPCU - Society of Chartered Property & Casualty Underwriters

SEC - Securities and Exchange Commission

SEMCI - single entry multiple carrier interface

S&P - Standard and Poor's

SPAP - Special Personal Auto Policy

STD - short-term disability


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

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

TTD - temporary total disability


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


WC - Workers Compensation

WCRI - Workers Compensation Research Institute


YRCT - yearly renewable convertible term

YRT - yearly renewable term

About the Author: is a writer for US Insurance Agents. She works hard to help provide a fresh perpsective to insurance, personal finance and related topics.