ACORD Form 126
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ACORD 126 section — Commercial General Liability.
Definition
ACORD 126 includes general liability classifications, exposure rating basis (gross sales, payroll, area, units, admissions, total cost), territory, limits (occurrence, aggregate, products-completed operations, personal injury), claims-made retroactive date, SIR deductibles, endorsements (additional insured, waiver of subrogation, primary and noncontributory).
Origin
ACORD, form published 1990s, current version 2018.
Usage
CGL commercial lines underwriting via IA agencies, MGAs, wholesalers to carriers (Travelers, Hartford, Chubb).
Related terms
- ACORD 125 — application principale.
- ACORD 101 — addendum remarques.
- ACORD XML P&C — pendant XML transactionnel.