Risk Approval Details popup for risk analysis

When you click Approve on the Risk Analysis screen, PolicyCenter displays the Risk Approval Details popup. The default values for the approval are defined in the underwriting rule. The Reference Value includes any default value offset or percentage. You can only approve values that are within your authority grant. This screen allows you to make changes to the approval.

Field	Description
Allow Edit	Initial value of this radio button comes from Default Edit Before Bind on the Advanced Info tab of the underwriting rule. Values are Yes and No. If Yes, the approval remains if the policy is edited before binding. If No, the approval is removed if the policy is edited before binding this policy transaction.
Through	The initial value for this drop-down list comes from the Default Approval Blocking Point on the Advanced Info tab of the underwriting rule. Values are: Quote – Approval through quoting the policy. Quote Release – Approval through releasing the quote on the policy. Bind – Approval through binding the policy. Issuance – Approval through issuing the policy.
Valid until	The initial value for this drop-down list is from Duration of the underwriting rule. Values are: Next Change – The next policy change. End of Term – The end of the policy term. One Year – One year (minus one day) from the effective date of this policy transaction. Three Years – Three years (minus one day) from the effective date of this policy transaction. Rescinded – Valid until the approval is rescinded. The approval does not expire on its own.
Offset Percentage	For value issues, if the Default Value Assignment Type of the underwriting rule is set to Offset Percentage, then use the Default Value Offset Percentage. The default approval amount in Reference Value is for the value of the item plus or minus the offset percentage. For example, the offset percentage for a High Value Vehicle is 10 and the comparator is At most. The system triggers an issue if the value is greater than $100,000. If the value of the vehicle is $300,000, then the default approval amount is $330,000.
Offset Amount	If the Default Value Assignment Type of the underwriting rule is set to Offset Amount, then use the Default Value Offset Amount. The default approval amount in the Reference Value is for the number of the item plus (or minus) the offset amount. For example, the offset amount for the Number of Vehicles rule is 1 and the Value Comparator is At most. The system triggers an underwriting issue if the number of vehicles is greater than 5. If the number of vehicles is 6, then the default approval amount is 7.

Note: If the issue already has an approval, the default logic does not apply. PolicyCenter presents parameters consistent with the previous approval.

History of underwriting decisions

PolicyCenter displays the history on the Risk Approval Details screen displays the history for each underwriting issue. The history includes details such as:

Approver
Date of the approval
Effective date
Point in the policy transaction through which the approval is valid
When the approval expires

The history also includes a reference to the policy period to which the history event applies. The policy period may or may not be bound.