ACE ACORD Expert Messaging & Forms Implementation 3

Question 1

What is the maximum number of coverage items that can appear within a single PolicySummaryInfo element in an ACORD XML personal lines download?

Accepted Answer

The schema is unbounded; no hard limit is imposed

Answer

There is a fixed limit of 10

Answer

The schema enforces a maximum of 25

Answer

A maximum of 5 is enforced by the ALDL specification

Question 2

When an ACORD AL3 record set is transmitted, what does the '03' record type designate?

Accepted Answer

Policy header record

Answer

Trailer record

Answer

Named insured record

Answer

Vehicle record

Question 3

Which element in an ACORD XML homeowners RqUID is used to correlate a request with its asynchronous response when polling?

Accepted Answer

RqUID

Answer

TransactionResponseDt

Answer

MsgUID

Answer

CorrelationId

Question 4

What is the ACORD-defined purpose of the OtherOrAdditionalInsured coverage participant role code?

Accepted Answer

Identifies a party with an insurable interest who is not the named insured or additional insured

Answer

Flags a claimant added mid-policy-term

Answer

Denotes a mortgagee's interest in the property

Answer

Marks a loss payee listed on a vehicle schedule

Question 5

In ACORD Real-Time quoting, what HTTP status code should a vendor return to indicate the carrier's system is temporarily unavailable for rating?

Accepted Answer

503 Service Unavailable

Answer

400 Bad Request

Answer

404 Not Found

Answer

200 OK with an error MsgStatusCd

Question 6

Which ACORD form is used to document the insured's intent to cancel a policy, signed by the policyholder?

Accepted Answer

ACORD 35

Answer

ACORD 36

Answer

ACORD 61

Answer

ACORD 55

Question 7

What does the ACORD XML element 'ItemIdInfo/AgencyId' typically contain in a commercial lines submission?

Accepted Answer

The carrier's internal ID for the submitting agency

Answer

The ACORD-assigned numeric agency identifier

Answer

The NAIC company code of the writing carrier

Answer

The agency's state license number