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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.
The Lloyd's of London insurance market uses ACORD standards for messaging between counterparties. [6] Lloyd's Core Data Record, an attempt to standardized data exchange, is based on ACORD standards. [7] In 2018, ACORD partnered with DataPro on the production of new software that would streamline the implementation of insurance data standards.
The insurer may require that the claim be filed on its own proprietary forms, or may accept claims on a standard industry form, such as those produced by ACORD. Insurance-company claims departments employ a large number of claims adjusters, supported by a staff of records management and data entry clerks. Incoming claims are classified based on ...
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In the years since, Trump soured on the nation's top law enforcement official for overseeing investigations into his allegedly trying to overturn the 2020 election and retaining classified ...