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November 25, 2009 at 07:00 PM
The National Insurance Producer Registry and ACORD Corp. have signed a “memorandum of understanding” that calls for NIPR to harmonize some NIPR processes with existing ACORD data and message definitions.
The deal should help streamline the producer licensing and appointment process, according to NIPR, an arm of the National Association of Insurance Commissioners, Kansas City, Mo., and ACORD, Pearl River, N.Y.
NIPR runs a system that helps insurers and insurance distributors exchange producer licensing and appointment information with state insurance regulators.
