ACORD announces new ID card.
An ACORD temporary card isn't permitted under the current rules, but will be under the new regulation, said ACORD.
An existing ACORD ID card--ACORD 50WM--is currently acceptable in New Jersey as a permanent card. It will continue to be acceptable under the new rules.
"The creation of the new temporary card and the acceptability of the existing permanent card will save carriers enormous time and resources by not having to create their own proprietary card while at the same time reducing the processing time for agents," Joel Volker, staff counsel for ACORD, said in a statement.
Both ID cards include a watermark that disappears when the cards are copied, a feature that meets the antifraud requirements that will be mandatory under the new rules.
ACORD is a global, nonprofit insurance association whose mission is to facilitate the development and use of standards for the insurance, reinsurance and related financial services industries.
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|Title Annotation:||Technology Notes; Association for Cooperative Operations Research and Development|
|Comment:||ACORD announces new ID card.(Technology Notes)(Association for Cooperative Operations Research and Development)|
|Article Type:||Brief Article|
|Date:||Feb 1, 2004|
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