MEMBER BENEFIT: FREE ACORD LICENSING
Remember to renew your license in the new year
In 2020, ACORD began charging all forms users a licensing fee. As a member benefit our national association funds ACORD form end user licenses for the majority of member agencies (those with a group gross property/casualty revenue of under $50 million), allowing them to claim these licenses free of charge.
AT A GLANCE:
IIABA covers the EUL fee of agency members with annual P&C gross revenue of <$50 million accessing ACORD forms via ams or authorized third-party.
IIABSC members with annual P&C gross revenue <$1 million that do not use an AMS get discounts to access through ACORD Advantage Plus Program.
Only one representative per agency needs to obtain an ACORD license for the agency. Reps will validate their Big I membership during this annual process.
Different locations that have the same name only need one license. Different locations with different names or different ams systems will need their own license.
Agencies do not need to worry about third-party data compliance with ACORD, as no client PII will be accessible.
National Big I FAQ page includes a FREE 10-minute recorded webinar outlining the entire process. See link below.
More background on ACORD Forms is available at
www.acord.org/forms-faq, and members can also call ACORD directly at (845) 620-1700.
Please contact Anita Trevino with any questions about your agency's online IIABA profile validating your agency's membership.