Underwriting rules

Underwriting rules are part of underwriting authority in PolicyCenter. Underwriting authority provides an extensible infrastructure and a user interface for defining underwriting rules. Underwriting rules specify when to create underwriting issues on policy transactions.

If a policy contains items that may require underwriter review, underwriting rules trigger the creation of underwriting issues in policy transactions. Underwriting rules specify when to check and under what conditions to raise underwriting issues in the policy transaction. PolicyCenter provides a user interface for creating underwriting rules.

Some of the settings that you can specify in an underwriting rule are:

Which policy transactions, policy lines, and jurisdictions check for this underwriting rule.
What conditions must exist on the policy transaction for the underwriting issue to be created.
At which points in the policy transaction to check the policy for these conditions.
Whether to prevent progress of the policy transaction until the underwriting issue has been approved.

For example, when an agent creates a new policy, certain terms of that policy may need underwriting review before the policy can be bound. An underwriting rule requires that an underwriter approve any vehicle valued over $100,000. When an agent adds a car valued at $200,000 in a personal auto policy, an underwriting rules triggers creation of an underwriting issue. The underwriter must approve that issue before the agent can bind the policy.

Underwriting issues are always raised when the condition is true, even if the current user has the authority to approve the issue. In the underwriting rule, you can define issues to be automatically approved if an underwriter has the authority to approve an issue on a policy transaction they are working on.