The Certificate of Insurance
Based in New York, the Association for Cooperative Operations Research and Development (ACORD) is a global, nonprofit insurance association whose mission is to facilitate the development and use of standards for the insurance, reinsurance, and related financial services ACORD has a long history of promoting the use of standards
on behalf of the insurance industry. It began in 1970 by countering the proliferation of proprietary forms through the creation of standard paper forms. Over the years ACORD has grown and evolved to meet the strategic and tactical needs of its membership. ACORD attempts to set standards—a set of rules and guidelines to provide a common framework for communication. ACORD believes that its standards allow different companies to transact business electronically with agents, brokers, and other data partners. By providing the insurance industry with a common communication method for use by many different insurers and insurance service organizations, the efficiency of the entire industry, it contends, is increased. One of ACORD’s forms is the Certificate of Insurance.
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