Split exposures in a policy transaction

About this task

In a policy transaction, you split the exposure and can modify independently the values of the split fields. Any number of splits may be performed on exposures. Different exposures may have different numbers of splits or different split dates.

Procedure

  1. In a policy transactions for a policy line that has exposures that can be split, advance to Risk Details and select the Exposures tab.
  2. Add the exposure that can be split.
    For exposures that can be split, Effective Date and Expiration Date appear in the list view and the Split button appears above the list.
  3. Select one or more of these exposures to enable the Split button.
  4. Click Split.
    The Split Risks popup appears.
  5. Choose the Date on which to split the risks and click Split.
    An error appears if the date is outside the policy period range or if a split already exists on the given date.

    After a successful split, there are two versions of the exposure.

    Both versions initially have the same data, except for scalable fields which are prorated based on the split date. Basis or number of employes are examples of scalable fields. You can edit splittable fields independently in both versions. Fields that cannot be split are editable only in the first version. Upon save, changes made in the first version propagate to the second version. Location and class code are examples of fields that cannot be split.

    You can only select the first version of an exposure and Remove or Split it. Removing an exposure removes all versions. There is no way to remove a single version. There is no way to undo the split to an exposure.