Basis attribute scope

When defining the basis attribute for a cost, the Basis Attribute drop-down list displays all number, decimal, monetary amount attributes that are within scope of the current risk object or coverage. The scope depends upon whether the cost is on the risk object (Other Costs) or on a coverage (Coverage Costs).

Costs on the risk object

For costs on the risk object (Other Costs), the scope of the basis attribute includes all number, decimal, and monetary amount attributes in:
  1. Fields on the risk object
  2. Fields on all parent risk objects
Note: The order of the list is not significant, but the numbers are used in the examples below.

Costs on coverages

For costs on coverages (Coverage Costs), the scope of the basis attribute includes all number, decimal, and monetary amount attributes in:
  1. Fields on the parent risk object
  2. Exposure fields on the parent risk object
  3. Terms attached to this coverage, including option and package coverage terms
  4. Fields from all risk objects above the parent risk object
  5. Fields and exposure fields on risk objects that:
    • Do not have coverages, and
    • Are attached to the risk object that defines the current coverage
Note: The order of list items is not significant. The examples use the order to show how scope is affected by each list item.

Example

The following mind map shows a hierarchy of risk objects. Risk objects A and C are risk objects without coverages. Risk object B is a risk object with coverages. The Product Line is also a risk object.
The children of Product Line are Risk Object A, Fields, Exposures with Exposure fields, Coverages with Terms, and Risk Object B. The children of Risk Object A are Exposures with Exposure fields, Fields, and Risk objects. The children of Risk Object B are Exposures with Exposure fields, Fields, Coverages with Terms, and Risk Object C. The children of Risk Object C are Exposures with Exposure fields, Fields, and Risk objects.
Note: This mind map shows a generic hierarchy of risk objects in a product line. The map does not adhere to the rules for defining a product, and cannot be imported into PolicyCenter as a visualized product.

Risk object A

In Other Costs for risk object A, you can set the basis attribute to number, decimal, and monetary amount attributes on:
  1. Fields on risk object A
  2. Fields on the product line

Risk object C

In Other Costs for risk object C, you can set the basis attribute to number, decimal, and monetary amount attributes on:
  1. Fields on risk object C
  2. Fields on risk object B
  3. Fields on the product line

Coverages on product line

In Coverage Costs on coverages on the product line, you can set the basis attribute to number, decimal, and monetary amount attributes on:
  1. Fields on the product line
  2. Exposure fields on the product line
  3. Coverage terms, including option and package, on this coverage
  4. (Does not apply in this example)
  5. Fields and exposure fields from risk objects A and C. Because risk object B has coverages, it is out of scope.

Coverages on risk object B

In Coverage Costs on coverages on risk object B, you can set the basis attribute to number, decimal, and monetary amount attributes on:
  1. Fields on risk object B
  2. Exposure fields on risk object B
  3. Coverage terms, including option and package, on this coverage
  4. Fields from the product line
  5. Fields and exposure fields from risk object C