Are individual insurers required to refile standard certificate of insurance forms promulgated by ACORD or ISO?

Insurers are not required to refile standard certificate of insurance forms that have been promulgated by organizations like ACORD (Association for Cooperative Operations Research and Development) or ISO (Insurance Services Office). This means that once these standard forms are approved, insurers can use them without needing to go through the re-filing process each time.

This approach allows for greater efficiency and consistency in the market, as it reduces the administrative burden on insurers and regulatory bodies. Certificates of insurance that adhere to these standard forms are generally recognized and accepted, facilitating smoother operations across different insurers. In certain circumstances, if a form deviates from the standard or if there are changes specific to an insurer’s product, they may then be required to file a new form for approval. However, when using standard forms, refiling is not a necessity.

The other options point to varying requirements that imply a need for consistent oversight and additional administrative processes, which are not necessary for standard forms produced by recognized industry organizations.