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Life & Annuity Data Standards

L&A Data Standards


L&A Standards Overview

Life & Annuity Standards are available in a fully indexed and searchable format. The main release components are:

  • Help File: reference document for primary source of information for the Standard
  • Object Reference Model: high-level object hierarchy representing the Standard Implementation Model
  • Schema Files: used to validate an XML document 

Key highlights for the most recent L&A release include the following capabilities:

 
  • Greater support for Life Inforce processing including a new transaction, transaction subtypes, and data elements 
  • Enhancements for Indexed Annuity Products
  • The ability to specify the basis upon which the premium payment duration is determined (e.g. benefit duration, product defined age, retirement age).
  • Overall cleanup of several areas of the Help File, including:
    • Transaction documentation for the Billing Transmittal Extract
    • Transaction documentation for the Commission Statement Inquiry and Transmittal
    • Conventions and documentation for the Relation Role Code table

 

Below are the most recent ACORD Life & Annuity Standards releases.

 


XML Standards Specifications & Documentation

 


EDI Standards Specifications & Documentation

The ACORD L&A Program DTCC EDI Public Specification files provide a traditional EDI (flat file) format for communicating common life insurance information including application, asset pricing, commissions, financial activity, inforce activity, licensing, appointment, positions, and valuations. These formats are the core of the Deposit Trust Clearing Corporation (DTCC) Insurance Processing Services (IPS) offerings.


XML Transaction Specifications


ACORD Utilities (Schema Tools)

ACORD has developed utilities that can be used against the schema (.xsd) files to help with implementation. If you have any questions about using the tools, please submit a service request on Confluence.

 


L&A Implementation Guides & Supplements

The following guides and supplements have been developed to provide best practices for supporting interoperability between trading partners. These typically document transaction sequences needed to support an entire business process, with implementation details specific to product types, communities, or other subsets of the full L&A Standard.


Contact

For access to older versions of L&A Standards, please contact Member Services.