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The Association for Cooperative Operations Research and Development ( ACORD) is a non-profit organization in the insurance industry. [1] ACORD publishes and maintains an archive of standardized forms. ACORD has also developed a comprehensive library of electronic data standards with more than 1200 standardized transaction types to support ...
Agent of record. An agent of record ( AOR) is an individual or a legal entity with a duly executed contractual agreement with an insurance policy owner, in line with the prevailing legal norms and regulations of the region in which the contract was entered. The agent of record has a legal right to receive commissions from the respective ...
Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to protect against the risk of a contingent or uncertain loss. An entity which provides insurance is known as an ...
Familiarity with the most common business insurance claims can be helpful if you ever need to file a claim on your own. Some of the most common include: 1. Burglary and theft.
CSIO, the Centre for Study of Insurance Operations, is the Canadian property and casualty insurance industry's nonprofit association of insurers, brokers and software providers. [1] Much of its work is in the development of data standards, especially XML and EDI, for the transmission of insurance information throughout the Canadian P&C ...
July 22, 2024 at 4:17 PM. NEW ORLEANS (AP) — A Louisiana businessman who sent more than 800 elderly residents from his seven nursing homes to ride out Hurricane Ida in a crowded, ill-equipped ...
Liability insurance (also called third-party insurance) is a part of the general insurance system of risk financing to protect the purchaser (the "insured") from the risks of liabilities imposed by lawsuits and similar claims and protects the insured if the purchaser is sued for claims that come within the coverage of the insurance policy .
In the early 1980s, soon after graduating from college, Roy Cockrum was trying to make it as an actor in New York. To cover his rent, Cockrum would pick up extra cash doing financial-document ...
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