ACORD Announces New Forms Fee & License Requirement for Agents
On January 1, 2020 ACORD began charging agents and brokers for an End User License to access ACORD forms. This applies to all agents accessing ACORD forms, even if agents are accessing the Forms through an agency management system. To assist agents with this new fee, PIA has negotiated an agreement with ACORD that will enable qualifying PIA members to access the End User License at no cost to the member, provided the PIA member accesses forms through an agency management system or another authorized distributor.
“PIA National is pleased to partner with ACORD to ensure that the majority of PIA member agencies can continue to access and use ACORD forms free of charge,” said PIA National CEO Mike Becker.
Under this agreement, PIA members with annual group gross P&C revenue of under $50 million will be eligible for a license from ACORD, with no additional payment necessary. Agencies with annual group gross revenue under $1 million can also obtain ACORD Forms directly from ACORD by subscribing to the Advantage Plus program. PIA members eligible for this program will be able to subscribe at a discounted rate.