ACORD Forms Licenses
The Independent Insurance Agents & Brokers of America (Big 'I') and ACORD launched a new Big "I" member benefit. Starting Jan. 1, 2020 Big I members with annual P&C gross revenue of less than $50 million received a complimentary license to use ACORD forms.
On Jan. 1, 2020, ACORD will begin charging all users of ACORD forms an End User License (EUL) fee including agents, brokers, and carriers. Currently, most agents access ACORD forms via their agency management systems or other ACORD-authorized third-party forms redistributors. The Big 'I' has negotiated an agreement with ACORD, wherein Big 'I' will cover the cost of the End User Licenses when accessing via a management system or redistributor, or provide an EUL discount when accessing directly through ACORD Advantage Plus Program.
The result of this agreement is that your agency will not have to pay the End User License fee to ACORD, and agents will experience no change in your management system workflow or use of ACORD forms beginning on Jan. 1, 2020 - with the exception of an initial, and then annual, validation to confirm Big 'I' membership. This will be executed via a clickthrough acceptance.
Independent agencies and brokerages that do not belong to the Big 'I' national association, will need to pay EUL fees to ACORD or join IIANC to take advantage of this benefit and so much more!
On Jan. 1, 2020, ACORD will begin charging all users of ACORD forms an End User License (EUL) fee including agents, brokers, and carriers. Currently, most agents access ACORD forms via their agency management systems or other ACORD-authorized third-party forms redistributors. The Big 'I' has negotiated an agreement with ACORD, wherein Big 'I' will cover the cost of the End User Licenses when accessing via a management system or redistributor, or provide an EUL discount when accessing directly through ACORD Advantage Plus Program.
The result of this agreement is that your agency will not have to pay the End User License fee to ACORD, and agents will experience no change in your management system workflow or use of ACORD forms beginning on Jan. 1, 2020 - with the exception of an initial, and then annual, validation to confirm Big 'I' membership. This will be executed via a clickthrough acceptance.
Independent agencies and brokerages that do not belong to the Big 'I' national association, will need to pay EUL fees to ACORD or join IIANC to take advantage of this benefit and so much more!