Wednesday, 9 March 2016

LIC Insurance Important Abbreviations (Part -I)

Dear expert readers, here we are presenting latest and upto date LIC Insurance Important Abbreviations (Part -I) for your guide to LIC AAO Exam. Our previous article was Headquarters and Tag Lines of Insurance Companies in India We are trying to providing you more free study material and platinum points for your LIC Exam. MM team always provide you a very systematic guide and quiz, daily current affairs Quiz and many more resources for your upcoming LIC AAO exam series. Some important Abbreviations are very useful for every aspirants of IBPS LIC AOO exam. All the best for your exam. Shreeram - with team MM.
ACSR – Accredited Customer Service Representative
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  • ARM – Associate in Risk Management
  • ARMP – 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 – Garage Keepers 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
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1 comment:

  1. dear team
    can u pls tell me how many questions will be there in aao exam related to insurance awareness...

    ReplyDelete

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