Common Insurance Acronyms Guidebook

Dealing with insurance companies involves a lot of confusing terms and insurance acronyms. Don’t be intimidated! Refer to our list of common insurance acronyms here when shopping for insurance quotes.

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UPDATED: Jun 28, 2022

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Written By: Chris TepedinoReviewed By: Laura WalkerUPDATED: Jun 28, 2022Fact Checked

Rather than talking to us in a normal, human language, insurance companies seem to derive joy from speaking in a strange language of acronyms and insurance abbreviations. This language, if it can be called a language, can be confusing. You may feel like you need a translator for common insurance acronyms. The following insurance abbreviations 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: Terry Wood is a writer for US Insurance Agents. She works hard to help provide a fresh perpsective to insurance, personal finance and related topics.


Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.

Chris Tepedino is a feature writer that has written extensively about home, life, and car insurance for numerous websites. He has a college degree in communication from the University of Tennessee and has experience reporting, researching investigative pieces, and crafting detailed, data-driven features. His works have been featured on CB Blog Nation, Flow Words, Healing Law, WIBW Kansas, and C...

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Written by Chris Tepedino
Insurance Feature Writer Chris Tepedino

Laura Walker graduated college with a BS in Criminal Justice with a minor in Political Science. She married her husband and began working in the family insurance business in 2005. She became a licensed agent and wrote P&C business focusing on personal lines insurance for 10 years. Laura serviced existing business and wrote new business. She now uses her insurance background to help educate...

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Reviewed by Laura Walker
Former Licensed Agent Laura Walker

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