Understanding name clearance and risk reservation

PolicyCenter has the ability to perform name clearance and risk reservation. It does this through the IAccountPlugin methods performNameClearance and isRiskReserved.

Name clearance

Name clearance ensures that a person or company is not an existing account and that another producer does not represent them for the given policy type. PolicyCenter checks the name against one or more producer or account databases. You must complete name clearance before creating a new account in PolicyCenter. You can use the performNameClearance method to check against external databases when populating the list of available products. This check helps to prevent an insurer from inadvertently competing with itself.

Risk reservation

In the default application, risk reservation is the process of associating a product and period to a producer code. If a product is risk reserved by a producer code that the current user does not have, then the product’s status on the New Submission screen is Risk reserved. The current user cannot create new submissions for that product.