SolvedLAM01180 | Life insurance overview: abbreviations
From HM Revenue & Customs · Life Assurance Manual
The most common abbreviations are listed below:
| Abbreviation | Definition |
|---|---|
| BLAGAB | Basic life assurance and general annuity business |
| CTA | Corporation Tax Act 2009 |
| CTFB | Child Trust Fund Business |
| EEA | European Economic Area |
| EU/EC | European Union / European Community |
| FCA | Financial Conduct Authority |
| FSMA | Financial Services and Markets Act 2000 |
| ICTA (1988) | Income & Corporation Taxes Act 1988 |
| INSPRU | Prudential Sourcebook for Insurers |
| Life assurance/ insurance | Interchangeable commercial description (See also tax definition) |
| PHI | Permanent health insurance business |
| PRA | Prudential Regulation Authority |
| RAO | FSMA 2000 (Regulated Activities) Order SI 2001/544 (PDF 192KB) |
| SII | Solvency II |
| ICOBS | FCA Insurance conduct of business sourcebook |
Further definitions are available on the regulators’’ websites and in Part 2 of FA12/S136–141.