ACORD forms are the industry standard for collecting and sharing information between agents, carriers, and insureds. While most people are familiar with the main ACORD forms like ACORD 125 (Applicant [...]
P&C Insurance Transaction Codes and their meaning
NBS - New Business - This means it is a new policy from the scratch. Carriers send the detail of the new policy, its coverages, insured party info, etc back [...]