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Insurance Terms

Acronyms - P

    P

  • PA - particular average
  • PAC - Preauthorized Check System
  • PAF - personal articles floater
  • PAP - personal automobile policy
  • PAR - Participating Insurance
  • P&C - property and casualty
  • PCC - protected cell captive
  • PCIP - partner controlled insurance program
  • PD - physical damage
  • PD - property damage
  • PDL - personal director liability insurance
  • PEBB - public employee blanket bond
  • PI - personal injury
  • Protection and Indemnity Insurance
  • PIA - primary insurance account
  • PILR - Property Insurance Loss Register
  • PIP - Personal Injury Protection/no-fault
  • PL - professional liability
  • PLE - primary loss expectancy
  • PLI - Professional Liability Insurance
  • PLL - Pollution Legal Liability insurance
  • PMI - Private Mortgage Insurance
  • PML - probable maximum loss
  • PMPL - project management protective liability insurance
  • PNOC - provisional notice of cancellation
  • POL - public officials liability
  • PORC - producer-owned reinsurance company
  • PPD - permanent partial disability (workers compensation)
  • PPF - personal property floater
  • PPGA - Personal Producing General Agent
  • PPVL - Private Replacement Variable Life
  • PR - pro rata
  • PRD - pro rata distribution
  • PRI - Political Risk Insurance
  • PRP - preferred risk policy
  • PSA - placement service agreement
  • PTD - permanent total disability (workers compensation)

Acronyms - Q

    Q

  • Q-LTC - Qualified Long-Term Care

Acronyms - R

    R

  • RBC - risk-based capital
  • RBCS - Risk-Based Capital Statistic
  • RBNE - reserved but not enough
  • RC - replacement cost
  • RDF - retro development factor
  • REEL - real estate environmental liability
  • RETRO - retrospective rate derivation
  • RF - risk financing
  • RHU - Registered Health Underwriter
  • RM - risk management
  • RMF - rate modification factor
  • RMIS - risk management information system
  • RML - residual market load
  • ROCIP - rolling owner controlled insurance program
  • ROL - rate on line
  • RP - return premium
  • RPG - isk purchasing group
  • RPII - related party insurance income
  • RPLU - Registered Professional Liability Underwriter
  • RRG - risk retention group
  • RRP - railroad protective liability