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 Insurance Associates of Iowa City

Allied Insurance, a member of Nationwide Insurance
Professional Designations

 
 
     
What are those letters after the names of insurance professionals?

These professional designations indicate that the individual has completed specific courses or programs to keep up to date with the complex business of insurance and work with customers more effectively.

 

Common Professional Designations in Insurance and Financial Services
ACS
Associate in Customer Service
The Associate in Customer Service Program is offered by the Life Office Management Association (LOMA), an international association of insurance and financial services companies. Courses in this program prepare individuals to meet customer service needs specific to the insurance industry.
AIC
Associate In Claims
The Associate in Claims (AIC) program is a broadly based, nationally recognized continuing education opportunity for claim representatives, adjusters, examiners, and supervisors handling workers compensation, property, and liability claims in companies, agencies, and independent adjusting firms.  Education and examination for this designation are administered by the Insurance Institute of America.
AIM
Associate In Management
Earning the AIM designation requires successful course completion and passing three national examinations administered by the Insurance Institute of America. The three-course AIM program is designed for middle and upper management people as well as those who are about to move into middle management positions.
ARM
Associate in Risk Management
Courses in this program deal with identification and evaluation of exposures to both accidental losses and business risks, analysis of risk control and financing techniques for each exposure, selection of the most effective risk management alternative, and ways to implement and monitor selected risk control and risk financing techniques. The ARM program was developed by the Insurance Institute of America with technical and financial assistance from the Risk and Insurance Management Society (RIMS). Candidates for this designation must pass three national three-hour essay examinations.
AU
Associate in Underwriting
Designed by the Insurance Institute of America for people experienced at underwriting and placing commercial insurance (such as agency and company underwriters, field representatives, and account managers), the four-course AU program deals with underwriting decision making on individual risks and on a book of business. Candidates must successfully complete courses and four national examinations.
CFP
Certified Financial Planner
The CFP examinations are administered by the Certified Financial Planner Board of Standards, Inc. (CFP Board). To qualify for certification, candidates must fulfill four requirements (education, examination, experience, ethics). The designation was originally developed by the College for Financial Planning.
ChFC
Charted Financial Consultant
The ChFC program provides financial planners and others in the financial services industry with in-depth knowledge of the skills needed to perform comprehensive financial planning for their clients. To earn the ChFC designation, students must complete a ten-course curriculum, meet specified experience requirements, maintain ethical standards, and agree to comply with both The American College's Code of Ethics and Procedures and applicable continuing education requirements. For more information, see the American College's description of the ChFc program.
CIC
Certified Insurance Counselor
The CIC Program is administered by The National Alliance for Insurance Education & Research to meet the practicing insurance professional's need for technical knowledge in all areas of the insurance industry. To attain the CIC designation, candidates pass five examinations; to maintain the CIC designation, individuals must attend a CIC institute, seminar, or other program each year.
CISR
Certified Insurance Service Representative
The National Alliance for Insurance Education & Research offers this practical program, stressing methods to minimize E & O claim possibilities and the understanding and analysis of risks and exposures. Candidates for the CISR designation must pass five examinations, and they must attend at least one continuing education session annually to retain the CISR designation.
CLU
Chartered Life Underwriter
To earn the CLU designation students must complete ten courses. The CLU program provides insights into the life insurance business, its importance to the economy, its operation and distribution systems, and its resurging importance for safe and secure investments. For more information, see the American College's description of the CLU program.
CPCU
Chartered Property Casualty Underwriter
Earning the Chartered Property Casualty Underwriter (CPCU) designation requires: passing nine national examinations, meeting the Related Studies requirement, having at least three years' experience in the insurance business, and agreeing to abide by the American Institute's Professional Ethics Requirement. For more information, see the American Institute for CPCU.
LUTCF
Life Underwriters Training Council Fellow
The LUTC Fellow designation is conferred only upon those individuals who meet or exceed the qualification requirements determined by LUTC and The National Association of Insurance and Financial Advisors (NAIFA), joint sponsors of the designation.
REBC
Registered Employee Benefit Consultant
The REBC designation signifies that an individual working in the employee benefits field has successfully completed a comprehensive five-course program. The number of electives provides an opportunity for individuals to specialize within the broader employee benefits field. In addition, students must meet specified experience requirements, maintain ethical standards, and agree to comply with both The American College's Code of Ethics and Procedures and applicable continuing education requirements/.
RIA
Registered Investment Advisor
Investment advisors are supervised by the Securities and Exchange Commission. Investment advisers must register with either the SEC or the state securities agency where they have their principal place of business.

 

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Insurance Associates of Iowa City

44 Sturgis Corner Drive
PO Box 150
Iowa City, IA 52244-0150
Phone: 319-338-1135
Toll Free: 1-800-739-0752
Fax: 319-338-4016
E-mail: IAIC@InsuranceIC.com

Insurance Associates of Iowa City
 

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