The ACORD 155 form is the Boiler and Machinery Section, used in commercial insurance to capture information about a business's boiler, machinery, and equipment exposures. This type of coverage, also [...]
New Business(NBS) New Business involves providing an insurance policy to a client for the first time, regardless of whether the client is an individual, family, or enterprise. This marks the [...]
The Transaction Header Group 2TRG in an AL3 (ACORD AL3) file is critical because it provides important control information for the entire transaction being transmitted. What is the Transaction header [...]
The presence of extra zeros in AL3 files is typically due to how data is formatted and stored. Let’s discuss why it is important. 1. Fixed-Length Field Requirements AL3 files [...]
1. The Problem In many professional workflows, we often receive lengthy documents, such as insurance policies, research papers, contracts, or compliance reports, which can range in length from 50 to [...]
The North American Industry Classification System (NAICS) is a company classification system designed through a collaboration between the United States, Canada, and Mexico. This classification method makes it possible to [...]
Insurance agencies provide 2 types of billing options to their insureds. One of them is agency billing, in agency billing the insurance agency issues the bill to the insured for [...]
The importance of having auto insurance cannot be overstated. In the event of an accident, theft, or other damage to your car, it offers financial protection. The vehicle class is [...]
Create a formula field on the record page. Add the given below formula in Formula Options IMAGE('https://chart.googleapis.com/chart?chs=250x250&cht=qr&chl='+ AccountId ,'test') Add this field to the page layout. Now Scan the QR [...]
What is a Supplementary Acord Form? Acord Forms attached to the main Acord application are labeled supplementary Acord Forms. Depending on the scenario, these forms might be linked to a [...]
The financial loss you might suffer in the event of a break-in or an attempted break-in at your home or place of business is protected by burglary insurance. Burglary is [...]
LOB generally means Line Of Business which defines the type of insurance for the policy. It is the general classification of business used by several companies. In Insurance, it can [...]
Binders A Binder is like a temporary contract of insurance for a short period until the policy is issued and the insured gets the certificate of insurance. As per the [...]
