ACORD 75 Insurance Binder Conditions

Conditions for the ACORD 75 Insurance Binder

AGENCY CUSTOMER ID

Before we get to the good stuff remember to enter your agency customer ID so this page will be able to find the rest of this binder if somewhere, somehow in that thing we call the business cycle they get separated from each other.


BASIC CONDITIONS

The first two paragraphs at the top of page two are the conditions which apply to every state unless modified by statements later on this page.

I noticed - you  may too - that some of the sections listed as applicable in a specific state are actually only a re-statement of a condition stated in this section.For instance Michigan says the binder may be cancelled by the insured. This section also says that. But we know government employees need work in Michigan, so I guess no harm no foul. I just appreciate being amused by the process . I hope you are also entertained.


STATE SPECIFIC TIME LIMITATIONS

The most common state specific condition relates to limits on the length of the Binder or the amount of time required for cancellations. I have underlined those in the above image. You can see a larger version of the image by clicking on it.

Read any condition applicable in your state and the state of your insured. You need to be certain to comply with these conditions.

EMAIL TUTORIALS - HOW TO COMPLETE ACORD FORMS

We offer a daily and a weekly email tutorial series on how to complete ACORD forms. We never share your information. We never use the list for any other reason. You can sign up below...


Sign Up for a Daily ACORD Forms Tutorial Email


Sign Up for a Weekly ACORD Forms Tutorial Email