Insurance Terms
Acronyms - M
- MAPs - Market Assistance Plans
- M&C - manufacturers and contractors liability insurance
- MCW - maintenance, cure, and wages
- M&D - minimum and deposit
- MDL - maximum dollar loss
- MDO - monthly debit ordinary insurance
- MERP - medical expense reimbursement plan
- MET - multiple employer trust
- MEWA - multiple employer welfare arrangement
- MEWAS - multiple employer welfare associations arrangements
- MFA - McCarran-Ferguson Act
- MFL - maximum foreseeable loss
- MGA - managing general agent
- MGU - managing general underwriter
- MLE - maximum loss expectancy
- MLR - multiple location risk
- MMI - maximum medical improvement
- MOP - manufacturers output insurance
- MP - minimum premium
- MP - multiple peril
- MPCI - multi-peril crop insurance
- MPL - maximum possible loss
- MPL - maximum probable loss
- MPL - miscellaneous professional liability
- MSA - market service agreement
- MTC - motor truck cargo insurance
- MYSL - multiyear single limit
M
Acronyms - N
- NAIC - National Association of Insurance Commissioners
- NCIS - National Crop Insurance Services
- NFIP - National Flood Insurance Program
- NICB - National Insurance Crime Bureau
- NIRP - National Insurance Risk Profile
- NLE - normal loss expectancy of a risk
- NOC - not otherwise classified (liability or workers' compensation)
- NP - named perils coverage
- NSC - National Safety Council
- NSP - net single premium
N
Acronyms - O
- OASDHI - Old Age, Survivors, Disability, and Health Insurance
- OCA - outstanding claims account
- OCIP - owner controlled insurance program
- OCP - owners and contractors protective insurance liability coverage
- OD - occupational disease
- OEE - operators extra expense insurance
- OGP - original gross premium
- OI - outage insurance
- OPPI - owners protective professional indemnity
- OSLR - outstanding loss reserves
- OTC - other-than-collision coverage