FDIC
Federal Deposit Insurance Corporation. Deposit insurance applies to eligible deposit accounts at insured banks within legal limits; annuities, life insurance and securities are not FDIC-insured.
Reference
Legal & regulatory
terms, made practical.
A plain-language glossary for insurance operations. Definitions are educational and should be checked against current official guidance.
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FINRA
Financial Industry Regulatory Authority, a self-regulatory organization overseeing U.S. broker-dealers.
SEC
U.S. Securities and Exchange Commission, the federal securities regulator.
NAIC
National Association of Insurance Commissioners, which supports state regulators and insurance regulatory coordination.
NIPR
National Insurance Producer Registry, a platform used for many licensing and appointment transactions.
DFS / DOI
A state Department of Financial Services or Department of Insurance—the jurisdiction’s insurance regulator.
AML
Anti-money laundering controls designed to detect and escalate potentially suspicious financial activity.
BSA
Bank Secrecy Act, a principal U.S. legal framework for anti-money-laundering programs and reporting.
OFAC
Office of Foreign Assets Control, which administers U.S. economic and trade sanctions.
CIP / KYC
Customer Identification Program and Know Your Customer controls used to identify and understand customers.
CRD
Central Registration Depository, the securities-industry registration and disclosure system.
NPN
National Producer Number, a unique identifier assigned through the producer database ecosystem.
E&O
Errors and omissions insurance, commonly required as evidence during producer contracting.
Regulation 187
New York suitability and best-interest requirements affecting life insurance and annuity recommendations.
Appointment
A state-recorded authorization connecting a licensed producer to an insurer, subject to jurisdictional rules.
Carrier contracting
The insurer’s business approval and agreement process; it is separate from the state license and appointment.
Thinkvisor is not a bank, insurer, broker-dealer, law firm or government agency. Insurance and investment products are not deposits, are not FDIC-insured, are not guaranteed by a bank and may lose value, where applicable.