Policies

policy

A policy is a contract that describes the coverage, the term, the premium, and any deductibles. A single quote can become a single policy or can generate multiple policies, depending on your implementation. Underwriting Management creates a draft policy when the quote is created. Additional policies can be added to the quote at any point after rating.

After you or an underwriter have bound one or more quotes, the underwriter can start the policy issuance process, which includes them providing additional data that Underwriting Management passes to the Policy Administration System. The process might also include retrieving policy documents.

You can access the policy page for a submission after a binder is successfully sent for a quote. In the navigation sidebar, a policy code or Policy section appears, from which you can review the policy issuance data.

The following actions are available for policies.