Jobs can be started in 3 ways - 1. By users through Actions menu
2. External systems through API's
3. PC batch processes
What are Coverage Terms - A value that further defines a specific coverage
(Deductible and Limit)
Coverage can have 0, 1, or multiple terms attached
List of Policy Lines (8) - 1. Personal Auto
2. Commercial Auto
3. General Liability
4. Homeowners
5. Business Owners
6. Inland Marine
7. Commercial Property
8. Worker's Comp
What is a product model? - How a product is configured - What LOB's are required?
What coverages can you add to each LOB?
A product appears when you are in a "New Submission" screen in PC
Configured in Product Designer
Ex. Commercial Package, Commercial Property
What are clauses? - Coverages, Exclusions, and Conditions
A Policy Line contains: (5) - 1. Exclusions
2. Conditions
3. Modifiers
4. Coverage
5. Forms
What is availability and what is it based on? (6) - A component either appears or
doesn't appear on a live app
Based on:
1. Start/End date
2. Industry Code
3. UW company
4. Policy Type
5. Policy Transaction type
6. Jurisdiction
What is the max number of submissions you can make per LOB? - 5
Steps to creating a submission/policy (12) - 1. Offering - allows the insurers to define
product types based on existing base product definitions
2. Prequalification - answer basic questions to reveal if the applicant qualifies for certain
coverages, or could reveal UW issues
3. Policy info - captures basic info
4. UW - large insurers license subsidiaries to do UW based on state requirements
5. Coverages - ex. for PA - collision, liability
6. Modifiers - increases or decreases in coverages based on certain factors
7. Risk Analysis - where UW concerns show up. UW can review or maintain any issues
8. Policy Review - can see full application summary
9. Quote - all policy info is sent to a rating engine and returns a quote
10. Forms - become available at this point
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