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AcronymDefinitionKey Words
===ACORD======Association for Cooperative Operations Research and Development=== http://www.acord.org/Pages/default.aspx
PPFA Product Profile for Annuities
PPFL Product Profile for Life
DPFA Distributor Profile for Annuities
===IRI=== ===Insured Retirement Institute=== http://www.irionline.org/
===DTCC=== ===The Depository Trust & Clearing Corporation=== http://www.dtcc.com/
NSCC National Securities Clearing Company Subsidiary of the DTCC
FICC Fixed Income Clearing Corporation Subsidiary of the DTCC
DTC Depository Trust Company Subsidiary of the DTCC
APP Initial Application New Business
SUB Subsequent Premium Additional Premium, Subpay
MSSMoney Settlement System
MSDMoney Settlement Detail
FAR Financial Activity Reporting
COM Commissions
POV Positions and Values POV is defined as a "snapshot" of both new and existing annuity and life contracts.
PFF Positions and Values Focused Refresh File
PVF Positions and Values Full Refresh File
PNF Positions and Values New Business FIle
LNA Licensing and Appointments
===NAIC=== ===National Association of Insurance Commissioners=== http://www.NAIC.org
===FDIC=== ===Federal Deposit of Insurance Corporation=== http://www.fdic.gov/
EFT Electronic Funds Transfer
ACH Automated Clearing House
EFT vs ACH Differences between EFT and ACH
EIA Equity Indexed Annuity
FPDA Flexible Premium Deferred Annuity
ART Annual Renewable Term Insurance
SPIA Single Premium Immediate Annuity Single Premium Immediate Annuity 'Gotchas'
SPDA Single Premium Deferred Annuity LBR Living Benefit Rider
M & E Mortality & Expense
AD&D Accidental Death and Dismemberment
GI Guaranteed Insurability Benefit
GIO Guaranteed Insurability Option
GMAB Guaranteed Minimum Accumulation Benefit
GMDB Guaranteed Minimum Death Benefit
GMIB Guaranteed Minimum Income Benefit
GWMB Guaranteed Withdrawal Minimum Benefit
DD Dread Disease Benefiit
LTC Long Term Care Coverage
IGO In Good Order
NIGO Not in Good Order
CON Coordination of Benefits
ASO Administrative Service Only contract
HMO Health Maintenance Organization
PPO Preferred Provider Org
STP Straight Through Processing
CUSIP Committee on Uniform Securities Identification Procedures
ADL Acitivites of Daily Living
APL Auto Premium Loan option
EFT Electronic Funds Transfer
COLA Cost of Living Adjustment
ERISA Employee Retirement Income Security Act
IRA Individual Retirement Arrangement
MVA Market Value Adjusted
CPI Consumer Price Index
POS Point of Sale or Service
AIR Assumed Investment Rate
CD Certificate of Deposit
TSA Tax Sheltered Annuity
RMD Required Minimum Distribution
TOA Transfer of Asset
POA Power of Attorney

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