Cancellation with pending renewals
If you cancel a policy that has a future renewal, the renewal is handled in various ways depending upon whether the renewal is bound.
Renewal is bound
If the policy has a future renewal that is bound, start a cancellation for the bound renewal term.
Renewal is unbound
If the policy has a future renewal that is not bound, the renewal is handled in the
following ways:
- If renewal documents have not been sent, then withdraw the renewal. This removes the renewal job and all policy periods associated with the renewal.
- If renewal documents have been sent and there is enough time to send non-renewal documents, then withdraw the renewal. This withdraws the selected version of the policy period and blocks other policy periods in the renewal job through an underwriting issue.
- If renewal documents have been sent and there is not enough time send non-renewal documents, then block the renewal. This block all policy periods in the job with an underwriting issue.