What type of forms are created by ISO and are considered standard in the insurance industry?

In the insurance industry, the forms that are created by the Insurance Services Office (ISO) and are considered standard are known as control forms. These forms serve a crucial role in establishing uniformity and consistency across various insurance policies and products. Control forms include foundational documents that outline the standard provisions, terms, and conditions that insurers can use when drafting their own policies.

ISO is an organization that develops and provides standardized forms, which can streamline the underwriting and claims process, making it easier for insurers to assess risk and manage claims. By using control forms, insurance companies can ensure that they are adhering to industry standards and regulations, reducing ambiguity and enhancing clarity for both the insurer and policyholder.

Understanding the significance of control forms is vital for customer representatives, as these documents often serve as a starting point in the policy creation process and directly impact how coverage is defined and claims are handled.