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Page History: Common Acronyms

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Page Revision: 2013/01/29 11:28

Acronym	Definition	Key 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
MSS	Money Settlement System
MSD	Money 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===	www.NAIC.org
===FDIC===	===Federal Deposit of Insurance Corporation===
IGO	In Good Order
NIGO	Not in Good Order
EFT	Electronic Funds Transfer
AD&D	Accidental Death and Dismemberment
ADL	Acitivites of Daily Living
ASO	Administrative Service Only contract
APL	Auto Premium Loan option
CON	Coordination of Benefits
ART	Annual Renewable Term Insurance
COLA	Cost of Living Adjustment
DD	Dread Disease Benefiit
EIA	Equity Indexed Annuity
FPDA	Flexible Premium Deferred Annuity
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
HMO	Health Maintenance Organization
IRA	Individual Retirement Arrangement
LTC	Long Term Care Coverage
MVA	Market Value Adjusted
M & E	Mortality & Expense
PPDF	Protected Portable Document Format
ERISA	Employee Retirement Income Security Act
CPI	Consumer Price Index
POS	Point of Sale or Service
PPO	Preferred Provider Org
SPIA	Single Premium Immediate Annuity
SPDA	Single Premium Deferred Annuity
AIR	Assumed Investment Rate
CD	Certificate of Deposit
TSA	Tax Sheltered Annuity
TOA	Transfer of Asset
POA	Power of Attorney