Acronyms Flashcards
1
Q
IMO
A
Independent Marketing Organization
2
Q
IUL
A
Indexed Universal Life insurance
- Typically indexed against S&P 500 or Russell 2000 with 80% upside and downside protection
3
Q
BOP
A
Business Owner’s Policy
4
Q
BOP
A
Business Owner’s Policy
5
Q
CGl
A
Commercial/Comprehensive General Liability
6
Q
E&O
A
Errors and Omissions
7
Q
E&S
A
Excess and Surplus - specialty coverage that the general insurance markets don’t cover
8
Q
NPN
A
National Producer Number - unique identifier assigned to each producer, and most business entities (agencies and brokerages)
9
Q
P&C
A
Property and Casualty insurance
