New, updated ACORD forms prompt action
Be certain your agency is using the most current ACORD forms. Effective July 2018, ACORD will release ACORD 95 MD: Maryland Required Notice of Uninsured Motorist Coverage and Enhanced Motorist Coverage and Option Selection Form.
Also effective July 2018, ACORD will revise:
- ACORD 67 MD: Maryland Personal Auto Supplement – Mandatory Offer of Increased Liability Coverage for Claims of Family Members, Mandatory PIP Waiver, and Mandatory UM Coverage Waiver
- ACORD 90 MD: Maryland Personal Automobile Application Section
As a reminder, applying updates to your agency management system helps to ensure that you are using the most up-to-date forms, which can be introduced periodically throughout the year.
What’s more, updating your agency management system prevents a licensing-agreement violation. It’s a violation to issue prior versions of a superseded ACORD form once a new form has been introduced. This requirement stems from the licensing agreement between ACORD and your agency management system vendor (AMS, Applied, etc.).