Which document describes the obligations and reporting standards for ARC accreditation?

Which document describes the obligations and reporting standards for ARC accreditation?

• A. Agency Credit Policy
• B. Agent Reporting Agreement
• C. Carriers' Service Agreement
• D. GDS User Agreement

Answer: (B)

The Agent Reporting Agreement is the document that defines what ARC-accredited agencies must do in terms of reporting and compliance. It lays out the obligations an agency assumes to maintain accreditation, including the data elements to report, the formats and submission schedules, and how ARC will monitor and enforce adherence. By standardizing reporting practices, it ensures ARC can accurately process settlements and maintain data integrity across all accredited agencies. Other documents cover different areas—Agency Credit Policy deals with credit and settlement terms, Carriers’ Service Agreement with carrier-to-agency terms, and GDS User Agreement with the use of a GDS—so they don’t govern accreditation reporting standards.

The Agent Reporting Agreement is the document that defines what ARC-accredited agencies must do in terms of reporting and compliance. It lays out the obligations an agency assumes to maintain accreditation, including the data elements to report, the formats and submission schedules, and how ARC will monitor and enforce adherence. By standardizing reporting practices, it ensures ARC can accurately process settlements and maintain data integrity across all accredited agencies. Other documents cover different areas—Agency Credit Policy deals with credit and settlement terms, Carriers’ Service Agreement with carrier-to-agency terms, and GDS User Agreement with the use of a GDS—so they don’t govern accreditation reporting standards.