The Big "I" and ACORD are launching a new Big "I" member benefit. Starting Jan. 1, 2020, Big "I" members with an annual property & casualty gross revenue of less than $50 million will receive a complimentary license to use ACORD forms.
On Jan. 1, 2020, ACORD will begin charging all ACORD forms users an end-user license fee (EUL), which includes agents, brokers and carriers. Currently, most agents access ACORD forms via their agency management systems or other ACORD-authorized third-party forms redistributors.
The Big “I" has negotiated an agreement with ACORD where the Big “I" will cover the cost of the EUL when accessing the forms via a management system or redistributor, or provide an EUL discount when accessing directly through ACORD Advantage Plus Program.
The result of this agreement is that your agency will not have to pay the EUL fee and you will not experience any disruption to your management system workflow or use of ACORD forms beginning on Jan. 1, 2020—with the exception of an initial, and then annual, validation to confirm Big "I" membership. At that time, agents will be directed from their management system to the ACORD licensing website to validate that they are a covered Big “I" member and perform a simple click-through process to accept the license. Once completed, agents simply return to their management system flow to access ACORD forms.
Learn more and review FAQs about the new benefit at the ACORD license page on the Big “I" website, or register for a short informational webinar.