ACV
Actual Cash Value

AI
Additional Insured

AP
Additional Premium

BI
Bodily Injury

CGL
Commercial General Liability

CLUE
Comprehensive Loss Underwriting Exchange

COB
Coordination of Benefits

COP
Cost of Premium

CPI
Consumer Price Index

CV
Cash Value

D&O
Directors and Officers (Liability Insurance)

DB
Death Benefit

E&O
Errors and Omissions

ERISA
Employee Retirement Income Security Act

FBL
Farm Bureau Life

FSA
Flexible Spending Account

GDL
Guaranteed Death Benefit

GL
General Liability

HIPAA
Health Insurance Portability and Accountability Act

HMO
Health Maintenance Organization

HOA
Homeowners Association (often related to insurance for HOA property)

IC
Insurance Company

LTC
Long-Term Care

MPL
Medical Professional Liability

MSA
Medical Savings Account

NAIC
National Association of Insurance Commissioners

NCCI
National Council on Compensation Insurance

PIP
Personal Injury Protection

PPO
Preferred Provider Organization

RBC
Risk-Based Capital

SOP
Standard Operating Procedure

TPA
Third-Party Administrator

UM
Uninsured Motorist