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Jul 31, 2024

ACORD Releases Updates to GRLC 2016.10.2 Code Values

The ACORD Global Reinsurance & Large Commercial (GRLC) 2016.10.2 Standard has been updated to support an additional tax type within ACORD GRLC messages.

A new code value has been added to the ACORD Tax Code (A70) codelist, to reflect the new insurance agency withholding tax per the 2024 Italian Budget Law.  

See the update here