Close Close

Life Health > Life Insurance

MIB Supports Life Forms Standards Effort

Your article was successfully shared with the contacts you provided.

NU Online News Service, Oct. 5, 12:45 p.m. – MIB Inc., Westwood, Mass., a policyholder data service, say it is supporting efforts by ACORD, Pearl River, N.Y., an insurance data standards group, to develop standardized forms for the life insurance industry.

MIB is already promoting the life data standards ACORD has developed.

ACORD and its member companies will begin developing life form standards Oct. 29-30, at a working group meeting in Westwood. The meeting will focus on the first part of the new business application form, ACORD says.

Developing standard forms should help cut legal costs, state filing costs, distribution costs and staff costs, ACORD says.


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.