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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.
Insurance use case: an insurance agent can approve the claim of a user if the claim is in the same region as the agent and if the claim amount is less than the agent's approval amount. The words doctor, view, medical record, Singapore... are all examples of attribute values.
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]
Since insurance policies are standard forms, they feature boilerplate language which is similar across a wide variety of different types of insurance policies. [1] The insurance policy is generally an integrated contract, meaning that it includes all forms associated with the agreement between the insured and insurer. [2]: 10 In some cases ...
Agent of record, a person with a contractual agreement with an insurance policy owner; Election agent, a person responsible for the conduct of a political campaign; Free agent, a sports player who is eligible to sign with any club or franchise; Literary agent, an agent who represents writers and their written works
Workers' comp, 401(k), and health insurance benefits administration. Full-service multistate payroll with all tax filings and payments. Prebuilt reports and custom views for HR staff, finance ...
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WORCESTER, Mass. – Local police in this central Massachusetts city used excessive force and engaged in “outrageous” sexual contact with women during undercover operations, a two-year civil ...