Common Acronyms

Modified on 2014/03/03 16:55 by Ellen Categorized as Uncategorized
{| class="wikitable" style="margin: 1em auto 1em auto; background: blue; color: gray"
! Scope="col" Width="05px" ! '''Acronym'''
! Scope="col" Width="50px" ! '''Definition'''
! Scope="col" Width="50px" ! '''Key Words'''
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! ===ACORD=== !! ===Association for Cooperative Operations Research and Development===  !!   [http://www.acord.org/Pages/default.aspx]
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! PPFA  !!  Product Profile for Annuities  !!  
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! PPFL  !!  Product Profile for Life  !!  
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! DPFA  !!  Distributor Profile for Annuities  !!  
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! ===IRI===  !!  ===Insured Retirement Institute===  !!    [http://www.irionline.org/]
|- 
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! ===DTCC===  !!  ===The Depository Trust & Clearing Corporation===  !!   [http://www.dtcc.com/]
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! NSCC  !!  National Securities Clearing Company  !!  Subsidiary of the DTCC
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! FICC  !!  Fixed Income Clearing Corporation  !!  Subsidiary of the DTCC
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! DTC  !!  Depository Trust Company  !!  Subsidiary of the DTCC
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! APP  !! Initial Application  !!  New Business
|-		
! SUB  !! Subsequent Premium  !!  Additional Premium, Subpay
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! MSS !! Money Settlement System  !! 
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! MSD !! Money Settlement Detail	 !!    
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! FAR  !! Financial Activity Reporting  !!    	
|-										
! COM   !! Commissions    !!   
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! POV  !! Positions and Values !!  POV is defined as a "snapshot" of both new and existing annuity and life contracts.
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! PFF  !! Positions and Values !!  Focused Refresh File
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! PVF  !! Positions and Values !!   Full Refresh File
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! PNF  !! Positions and Values !!  New Business FIle
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! LNA  !! Licensing and Appointments !!  
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! ===NAIC===  !!  ===National Association of Insurance Commissioners===  !!  [http://www.NAIC.org]
|-
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! ===FDIC===  !!  ===Federal Deposit of Insurance Corporation===  !!  [http://www.fdic.gov/]
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! EFT  !!  Electronic Funds Transfer  !!  

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! ACH  !!  Automated Clearing House  !!  

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! EFT vs ACH  !!  Differences between EFT and ACH  !!  

|-

! EIA  !!  Equity Indexed Annuity  !!  

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! FPDA  !!  Flexible Premium Deferred Annuity  !!  
 
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! ART  !!  Annual Renewable Term Insurance  !!  

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! SPIA  !!  Single Premium Immediate Annuity  !!  [Single-Premium-Immediate-Annuity-Gotchas|Single Premium Immediate Annuity 'Gotchas'] 
|-
	
! SPDA  !!  Single Premium Deferred Annuity  !!  
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! LBR  !!  Living Benefit Rider  !!  
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! M & E  !!  Mortality & Expense  !!  
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! AD&D  !!  Accidental Death and Dismemberment  !!  
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! GI  !!  Guaranteed Insurability Benefit  !!  
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! GIO  !!  Guaranteed Insurability Option  !!  
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! GMAB  !!  Guaranteed Minimum Accumulation Benefit  !!  
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! GMDB  !!  Guaranteed Minimum Death Benefit  !!  
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! GMIB  !!  Guaranteed Minimum Income Benefit  !!  
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! GWMB  !!  Guaranteed Withdrawal Minimum Benefit  !!  
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! DD  !!  Dread Disease Benefiit  !!  
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! LTC  !!  Long Term Care Coverage  !!  
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! IGO  !! In Good Order  !!  
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! NIGO  !! Not in Good Order  !!  
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! CON  !!  Coordination of Benefits  !!  
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! ASO  !!  Administrative Service Only contract  !!  
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! HMO  !!  Health Maintenance Organization  !!  
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! PPO  !!  Preferred Provider Org  !!  
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! STP  !!  Straight Through Processing  !!  
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! CUSIP  !!  Committee on Uniform Securities Identification Procedures  !!  
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! ADL  !!  Acitivites of Daily Living   !!  
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! APL  !!  Auto Premium Loan option  !!  
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! EFT  !!  Electronic Funds Transfer  !!  
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! COLA  !!  Cost of Living Adjustment  !!  
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! ERISA  !!  Employee Retirement Income Security Act  !!  
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! IRA  !!  Individual Retirement Arrangement  !!  
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! MVA  !!  Market Value Adjusted  !!  
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! CPI  !!  Consumer Price Index  !!  
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! POS  !!  Point of Sale or Service  !!  
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! AIR  !!  Assumed Investment Rate  !!  
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! CD  !!  Certificate of Deposit  !!   
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! TSA  !!  Tax Sheltered Annuity  !!  
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! RMD  !!  Required Minimum Distribution  !!  
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! TOA  !!  Transfer of Asset  !!  
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! POA  !!  Power of Attorney  !!  
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|}
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