Check the accuracy of ACORD forms by making sure that they are the current version and comparing them to the published forms. Published ACORD forms are compliant with all state regulations and are filed with state departments of insurance, according to ACORD.Continue Reading
If the forms have sections eliminated, then they are considered non-compliant with state regulations. If the forms are outdated, ACORD does not check whether they still comply with state laws. ACORD forms are frequently revised to reflect changes in coverage practices or underwriting as well as changes in legislative and regulatory requirements. Changes mostly occur for auto ID cards, binders, certificates of insurance and applications, as stated by ACORD.
Members of an ACORD Redistribution Program can download blank versions of the ACORD forms. People whose agencies participate in ACORD Advantage can fill out ACORD forms online, then print or email them, or they can place orders for paper forms. There are prompts, on-screen help and a link to the instruction guide for every form, as explained by ACORD. It is necessary to download the ACORD viewer when using the IBM format, but this download is free. In some cases, ACORD files forms on its members' behalf, but some forms must be filed by the member.Learn more about Insurance