Helpful acronyms
Texas P&C Practice Exam: 25'-26'
- DICE
- Declarations, Insuring agreement, Conditions, Exclusions.
- ACV
- Actual Cash Value: replacement cost minus depreciation.
- RC
- Replacement Cost: replacing with like kind and quality without depreciation when policy conditions are met.
- BI/PD
- Bodily Injury / Property Damage liability.
- PIP
- Personal Injury Protection.
- UM/UIM
- Uninsured Motorist / Underinsured Motorist.
- PAP
- Personal Auto Policy.
- CGL
- Commercial General Liability.
- BOP
- Businessowners Policy.
- CPP
- Commercial Package Policy.
- WC
- Workers compensation.
- E&O
- Errors and Omissions liability.
- D&O
- Directors and Officers liability.
- TDI
- Texas Department of Insurance.
- FAIR Plan
- Texas residual basic home insurance market.
- TWIA
- Texas Windstorm Insurance Association.
- TAIPA
- Texas Automobile Insurance Plan Association.
- NFIP
- National Flood Insurance Program.
- TRIA
- Terrorism Risk Insurance Act.