ACORD and the National Insurance Producer Licensing Registry (NIPR) will work together to streamline the producer licensing processes. The two companies signed a memorandum of understanding to harmonize specific NIPR processes with existing ACORD Messaging Library data and message definitions. NIPR’s gateway between the insurance industry and state insurance regulators supports compliance activities such as licensing, appointments and state review. The current gateway messages fully support both request and response, including error processing for both life and non-life business.

ACORD has automated producer licensing and appointment processes within its standards for the benefit of producers, insurers and solutions providers. Working with NIPR, they will now develop standards for the exchange of information with state insurance regulators as well.

“ACORD’s messaging has always benefited insurance producers and insurance companies,” says Gregory Maciag, president and CEO of ACORD, “But now state insurance regulators will benefit from the utilization of these standards already prevalent across the industry.” To implement the partnership, ACORD will form a working group consisting of its members and representatives from the NIPR.

NIPR and ACORD Team Up (Insurance Networking News 11/23/09)

November 24, 2009