Definition of PLIP


PLIP means the Permanent Life Insurance Plan of CIT Group Inc. (formerly, the Permanent Life Insurance Plan of CIT Group Holdings, Inc.).
Sample 1

Examples of PLIP in a sentence

The SUPER Act established the Early Detection Incentive Program (EDI), which provided site owners with the option of conducting the cleanup themselves, and then receiving reimbursement from the Inland Protection Trust Fund, or having the state conduct the cleanup in priority order.4 Petroleum Liability Insurance Program In 1988, the Legislature created the Petroleum Liability Insurance Program (PLIP) to provide third-party liability insurance to qualified program participants.
The PLIP provided up to $1 million of liability insurance for each incident of petroleum contamination.5 The program was revised in 1989 and renamed to the Petroleum Liability Insurance and Restoration Program (PLIRP).