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Slang Definition:
The term "Chartered Insurance Professional" (CIP) is a professional designation used by licensed and registered agents of the Association of British Insurers (ABI) to signify that they have passed a rigorous licensing exam, completed an approved program, and are supervised by the ABI's Ethics Committee. These professionals hold a minimum level of education equivalent to a Bachelor of Arts or Science degree in Business Administration, and they possess relevant experience and expertise.
Example Sentence: "Can you believe it? I just got hired as a chartered insurance professional for [Company Name], which means that I've passed the rigorous standards needed to operate within these strict guidelines set by the Association of British Insurers."
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