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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 ]
A carrier of record (or COR) for telecommunications, refers to the entity that provides public switched telephone network (PSTN) service for an E.164 number. The exact definition of who and what a COR is, is ultimately the responsibility of the relevant national regulatory authority .
Image Source: Getty Images. Why 2025 could be a pivotal year for AMD. Much of the reason why Nvidia experienced such enormous growth in its data center business stems from the fact that the ...
Are you team canned or team fresh cranberry sauce?. This Thanksgiving, we're answering plenty of your burning, commonly-searched food questions.Here, we're tackling the nutritional facts behind ...
The attorney of record is the attorney who formally appears before the court, whether in person or by means of signed documents, on behalf of a party. [1] However, the status is also an enforcement mechanism for a jurisdiction's applicable standards of legal ethics and professional responsibility (for example, the American Bar Association Model ...
Grimes is opening up about the past few months of her life.. The singer, born Claire Boucher, shared a post on X, formally known as Twitter, on Wednesday, Nov. 20, giving an update on the release ...
A Commission Sharing Agreement (CSA), or in the US named Client Commission Agreement (CCA), is a type of soft dollar arrangement that allows money managers to separately pay the executing broker for trade execution and ask that broker to allocate a portion of the commission directly to an independent research provider. [1]
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