Underwriting issues

Overview

PolicyCenter raises underwriting issues at defined points in a policy transaction. For example, if a personal vehicle policy transaction contains more than five vehicles, PolicyCenter raises an underwriting issue before quoting. If an underwriter does not approve this issue, the policy transaction cannot be bound.

Underwriting issues are raised based on a specific condition on the policy transaction, without regard to who the user is who is entering it. In PolicyCenter, underwriting authority allows authorized underwriters to automatically approve underwriting issues so that their work is not impeded, but the issue still appears on the transaction.

Each underwriting issue is raised because of an underwriting rule. The sample data contains sample underwriting rules. You can create your own underwriting rules. For example, the sample data contains a PA: Number of vehicles underwriting rule for the Personal Auto policy line. Underwriting rules define when to raise an underwriting issue. This underwriting rule raises an issue if the number of vehicles exceeds a certain number.