Policy holds administration

Policy holds allow an insurer to prevent users from creating new policies or changing existing policies in a specific region for a period of time. PolicyCenter provides policy holds for the following reasons:

• Natural disaster – The insurer can put a hold on issuing or changing policies in a region affected by a natural disaster.
• Regulatory changes – The insurer can put a hold on issuing or changing policies during a period of time when the insurer is finalizing insurance rates or changing coverage forms.