Who needs ACORD Form 35?
Association for Cooperative Operations Research and Development (ACORD) deals with elaboration and improvement of insurance industry standards. Therefore, there is hardly an insurance agency that doesn’t use forms created by ACORD.
Form ACORD 35 is particularly necessary for insurance holder who are willing to cancel their car insurance policy due to various reasons. Actually, in order to cancel the policy, its holder can inform their insurance agency of their wish and deliver the original policy. When this cannot be done, it is mandatory that an insured should fill out ACORD Form 35.
What is ACORD Form 35 for?
The full name of Form 35 is Cancellation Request/Policy Release. It is meant to be submitted as a confirmation of a policy holder’s desire to terminate their insurance contract with a certain insurance company.
Is Cancellation Request/Policy Release Form accompanied by other forms?
The necessity to attach any supporting documentation in case of policy cancellation request is to be specified by an insurance provider.
When is Cancellation Request/Policy Release Form due?
As soon as a policyholder has decided to terminate an insurance contract with an insurance provider company, it is advisable to take appropriate action at once. So, do not hesitate to file Form 35 to start the cancellation procedure.
How do I fill out ACORD 35 Form?
The filled out ACORD Form 35 must indicate all the details of the insurance policy, its holder, and provider, reasons and method of cancellation, etc.
Where do I send Cancellation Request/Policy Release Form?
The completed Form 35 is to be delivered to the insurance provider whim whom a policyholder wants to cancel their contract about car insurance.