Glossary

AAPA

Associate, Annuity Products and Administration, the designation earned upon successful completion of LOMA's course program designed for individuals who work in all areas of annuities.

ACS

Associate, Customer Service, the designation earned upon successful completion of LOMA's five-course program designed for the specific customer service needs of insurance industry employees at all levels.

AFSI

Associate, Financial Services Institute, the designation earned upon successful completion of five courses within the FFSI program curriculum, two of which are electives.

AIRC

Associate, Insurance and Regulatory Compliance, the designation earned upon successful completion of LOMA's course program designed to explain the complex compliance environment. LOMA has developed this program with the support of the Life and Health Compliance Association.

ALMI

Associate, Life Management Institute, the designation earned upon successful completion of five courses within the FLMI program curriculum, two of which are electives.

ARA

Associate, Reinsurance Administration, the designation earned upon successful completion of LOMA's course program designed for employees in all areas of reinsurance.

ASRI

Associate, Secure Retirement Institute, the designation earned upon successful completion of six courses within the FSRI program curriculum.

Branch Office

For the purposes of enrollment and exam administration, a Branch Office is an office with students but no primary LOMA Ed Rep.

Credentials Master List

This report is an historical record of participation by a company's employees in LOMA Education Program.

Did-Not-Sit (DN)

Indicates that a student was not present for the administration of a paper examination. A score of "Did-Not-Sit" does not count as a failure nor does it affect a student's ability to earn a designation with distinction or honors.

Educational Representative (Ed Rep)

Representative/employee who is responsible for administration and promotion of LOMA's Insurance Education Programs. Ed Reps are appointed by company management and are not agents of LOMA.

Enrollment

The process by which students are enrolled or registered for exams.

Exam Center

A company serving as a facility for exam administration for students not employed by that company who are unable to sit for exams in their own workplace. Companies DO NOT serve as an exam center for their own students; their centering capacity refers only to outside students to whom they administer exams. Companies who serve as centers DO NOT use their center number as the exam location code for their own students.

Fee Transfer

Grants a student unable to sit for an exam the one-time right to enroll for the same exam the next time it is offered for a transfer fee.

FFSI

Fellow, Financial Services Institute, the designation earned upon successful completion of seven LOMA courses and three Professional Achievement Credits.

FLMI

Fellow, Life Management Institute, the designation earned upon successful completion of LOMA's ten-course independent study program featuring management-oriented courses at the university level.

FSRI

Fellow, Secure Retirement Institute, the designation earned upon successful completion of seven LOMA courses which offer retirement education for Financial Services professionals.

I*STAR

Individually Scheduled Test And Results, LOMA's exam-by-computer system. I*STAR allows students the flexibility of taking LOMA exams via computer year round.

LOMA

An international association of life and health insurance and financial services companies around the world.

Member Companies

LOMA members are divided into three categories:

1. Regular members are life and health insurance companies in the United States and Canada.
2. Associate members are life and health insurance companies outside the United States and Canada.
3. Affiliate members are individuals and organizations that provide services to the industry.

Participation in LOMA Education Programs or any other LOMA-sponsored program or activity does not constitute membership in LOMA, nor does it qualify the organization for member company rates. Nonmember companies are urged to contact LOMA's Membership Department for information regarding membership eligibility. (Nonmembers generally pay higher prices for LOMA products and services.)

PACs

Professional Achievement Credit, credits granted toward the FFSI designation by LOMA for demonstrated professional achievement in areas of financial services.

PPDF

See Protected PDF.

Primary Location

For the purposes of enrollment and examination administration, the Primary Location is the home office or company location where an employee serves as an official Ed Rep.

Principal Representative

The Principal Representative, usually the chief operating or senior administrative officer of the company, oversees all relations between a Regular or Associate LOMA member company and LOMA. In Affiliate Companies this LOMA representative is called the Corresponding Representative. LOMA representatives are appointed by company management and are not agents of LOMA.

Proctor

The third party who administers the LOMA exams. Proctors are trustworthy individuals who can be counted on to uphold the standards of the program. Persons who have completed the FLMI designation make excellent proctors because they have a vested interest in preserving the integrity of the designation.

Professional Education Transcript

An official document showing credit for successfully completed courses. This document, which must be requested in writing from LOMA's CE and Academic Credit Coordinator, is used by students requesting college credit, continuing education credit, and/or professional licensing credit for LOMA courses.

Protected PDF

A PDF document whose usage is secured and tracked and can be accessed only by authorized users.

Secondary Location

For the purposes of enrollment and exam administration, the Secondary Location is a branch office or company location other than the Ed Rep's location where exams are administered.