A term interchangeable with insurance but generally used in connection with life cover as assurance implies the certainty of an event and insurance the probability. CDHP. Learn insurance terms and abbreviations ihmo with free interactive flashcards. & S clause in all Lloydâs marine cargo policies ⦠These definitions represent a common or general insurance and/or legal use of the term. Many of the terms you encounter when dealing with health insurance are not familiar. List of abbreviations; Abbreviation Meaning # fracture: A&E: accident and emergency: a.c. before meals: a.m., am, AM: morning: ⦠TERM INSURANCE A form of life insurance that covers the insured person for a certain period of time, the ìtermî that is specified in the policy. Published 10 December 2012 Last updated 26 July 2018 â see all updates This list contains the most common abbreviations used in the OED. At an Extraordinary General Meeting of the members of Lloydâs in June 1898 a resolution was passed to incorporate the F.C. Insurance company that actually underwrites and issues the insurance policy. The definitions in this glossary are developed by the NAIC Research and Actuarial Department staff based on various insurance references. 1. Policyholder: The person who applied for, pays for, and is issued the insurance policy. This guidance will help you to understand any abbreviations or other terms in the information we send you. This page provides an index of insurance terms and definitions that are commonly used in the insurance business. Policy documents contain a number of insurance terms because they typically define the limitations of risk and liability on the insured and ⦠Home How to use the OED Abbreviations. ⦠TERMS: What is "Average"? Policy period: The time your policy is in force from the effective date to the expiration date. Terms of Cost, Insurance, and Freight (CIF) The contract terms of CIF define when the liability of the seller ends and the liability of the buyer begins. Terms (Back to top) A B C D E F G H I ⦠PLAY. Health Details: Short-term Insurance - A type of health insurance that covers certain services for a set time period (6 months or less).Learn more about short-term insurance. All are extremely important but on this first page, we have tried to explain in âplain Englishâ what the most important and common terms ⦠& S. clause. Pays for damage to your car from theft, vandalism, flood, fire or other covered perils. This is a term most used with marine corgo insurance policies. There is one common abbreviations of insurance⦠EPO (Exclusive Provider Organization): Member must stay in network for medical care (NO out-of-network benefits), Member may or may not be required to choose a PCP, Member may or may not be required to receive a ⦠The definitions are based on various insurance references. Doctrine of contra proferentem â Latin term referring to practice of reviewing courts to construe ambiguous insurance policy terms in favor of the insured policyholder. Learn insurance terms and abbreviations with free interactive flashcards. TriCare. Common Health Insurance Terminology 101. GLOSSARY OF COMMON INSURANCE TERMS Version 2.00 The following terms are commonly used in the insurance market and may well appear in your insurance policy arranged by us. An initialism is where a long phrase is abbreviated to its initial letters but the letters are pronounced individually, not spoken as a word - for ⦠Urgent Care Provider - A provider of services for health problems that need medical help right away but are not emergency medical conditions. Weâre listing 10 commonly used insurance terms that youâll benefit from knowing. Light Duty â another term for transitional duty: LOV: Last office visit: LT: Lost Time: LTD: Long Term Disability: MD: Modified Duty â another term for transitional duty: MDA: Modified Duty Assignment: MMI: Maximum Medical Improvement: MO: Medical-Only, Med-Only. An acronym is a new word created from the initial letters of a long name or phrase, for example, NATO (North Atlantic Treaty Organization). In order for the insured to be sure that the insured ⦠This coverage is subject to the terms, limits and conditions of your policy contract. âThe Star-Ledger; Summary: Insurance Abbreviation. This page provides a glossary of insurance terms and definitions that are commonly used in the insurance business. Some words and phrases may be defined differently by other ⦠Comprehensive Physical Damage Coverage. What does FR stand for in Insurance? Earthquake coverage â Purchased as separate policy as most property policies do not protect against damage by earthquake. Electronic property coverage â An ⦠Insurance FR abbreviation meaning defined here. A claim may be ⦠abbreviations for insurance terms Browse and search thousands of Insurance Abbreviations and acronyms in our comprehensive reference resource. See more on the different types of life insurance. CHA. Property insurance provides coverage for property that is stolen, damaged, or destroyed by a covered peril. ⦠The portion of the insurance ⦠International Risk Management Institute, Inc. 12222 Merit Drive, Suite 1600 Dallas, TX 75251-2266 (972) 960-7693 (800) 827-4242 Commercial ⦠COMMONLY USED ACRONYMS / ABBREVIATIONS AAA American Academy of Actuaries or American Agents Association AAC/MIS Americas Association of Cooperative/Mutual Insurance Societies (Formerly North American Association of the ICIF) AACB American Association for Consumer Benefits AACI American ⦠There are a few common types of life insurance: term, final expense and permanent. Searchable database containing common marine acronyms, abbreviations, and dictionary about all subjects, with a focus on technical, chartering, boating, seawords telecommunications. A term used when an insurance company requests that you submit multiple repair estimates for consideration. No time lost from work: NCM: Nurse Case Management: NOV: ⦠There is more than one type of abbreviation. The most commonly used cargo insurance terms have been established by the International Chamber of Commerce Incoterms© link. STUDY. Get the top FR abbreviation related to Insurance. Dealing with insurance companies involves a lot of confusing terms and insurance acronyms. New terms will be added to the glossary over time. Read this list of abbreviations to learn terms relevant to adding coverage to an automobile insurance policy. To find out about additional terms, visit the Glossary page at the Infinity Insurance Knowledge Center. Condition. A clause in insurance policies whereby, in the event of under-insurance, the claim paid out by the insurer is restricted to the same proportion of the loss as ⦠Claim Request by an insured for the insurance company to cover an incurred loss. Insurance Terms & Abbreviations. Insurance terms, definitions and explanations are intended for informational purposes only and do not in any way replace or modify the definitions and information contained in individual insurance contracts, policies or declaration pages, which are controlling. Marine Insurance Terms and Abbreviations. Conditions. The Federal Emergency Management Agency on Monday said it would make changes to the flood insurance program following the revelations that the private companies that handle claims have been shortchanging Hurricane Sandy homeowners. 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