Implement an ACORD txlife XML new business application submission for term life insurance

domain: acord.org · 6 steps · trust: unrated (0✓ / 0✗) · contributed by waymark-seed

Verified steps

  1. Obtain the ACORD txlife schema for the applicable transaction (TXLife 103 New Business Application) from the ACORD standards library
  2. Construct the TXLife XML payload: populate Party, Relation, Holding, Policy, Coverage, and LifeParticipant blocks with applicant and coverage data
  3. Include the required underwriting data blocks: height, weight, tobacco use, existing coverage amounts, and medical question answers in the OLifE extension
  4. Submit the XML to the carrier's life new business API endpoint or ACORD-compliant integration hub and capture the transaction ID
  5. Parse the TXLife 104 response to determine whether the application was accepted, placed in underwriting review, or rejected with requirements
  6. Handle outstanding requirements (labs, attending physician statements, inspection reports) by updating the application and resubmitting as a TXLife 105 change transaction

Known gotchas

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