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An agent of record (AOR) is an individual or 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 policy.
ACORD also provided expertise on digital data standards for a collaboration with IBM, ISN, and Marsh to streamline the proof of insurance process with the help of blockchain technology. The partnership is an attempt to eliminate the time- and labor-intensive paper insurance certificates that dominate the global insurance market. [ 9 ]
Accord and satisfaction is a contract law concept about the purchase of the release from a debt obligation. It is one of the methods by which parties to a contract may terminate their agreement.
3. Banks are taking a proactive approach to educate consumers on security. When it comes to keeping their customers abreast of the latest ways to bank securely, banks may turn to emails, in-app ...
The SEC's "Uniform Net Capital Rule" (the "Basic Method") was adopted in 1975 following a financial market and broker record-keeping crisis during the period from 1967 to 1970. In the same 1975 release that adopted the Basic Method, the SEC established the "Alternative Net Capital Requirement for Certain Brokers and Dealers" (the "Alternative ...
They clicked their way to a record for Black Friday spending online, racking up $10.8 billion in purchases, an increase of more than 10% over a year ago, according to Adobe Analytics.
The rivalry between No. 6 Notre Dame and No. 17 Army is back and it has major playoff implications.. The Fighting Irish (9-1) and the Black Knights (9-0) will face off against each other at Yankee ...
TD Ameritrade was a stockbroker that offered an electronic trading platform for the trade of financial assets.The company was founded in 1975 as First Omaha Securities.In 2006, it acquired the United States operations of TD Waterhouse from Toronto-Dominion Bank and was renamed TD Ameritrade.