Approve policy hold

Before you begin

Renew policies through batch process

About this task

In the previous set of instructions, you ran the batch process that created a renewal policy transaction for the expired commercial property policy. In these instructions, you view the policy hold on the commercial property policy, and approve the underwriting issue for the policy hold.

Procedure

  1. Log in as a user with permissions to create policies. If you are using the sample data, log in as the underwriter aapplegate.
  2. Go to the commercial property policy.

    On the Summary screen under Pending Policy Transactions, there is a Renewal policy transaction with Quoted status. The Current Activities shows a Blocked - Pending Renewal activity.

  3. Click the activity link.
  4. In the left sidebar of the renewal policy transaction, click Risk Analysis.

    The UW Hold Hurricane 001 is blocking bind.

  5. Select the check box for UW Hold Hurricane 001 and click Request Approval.
  6. Log out.
  7. Log in as ssmith, who has the Underwriter 2 authority profile on the User > UW Authority tab. An Underwriter 2 can approve underwriting holds, but not regulatory holds.
  8. Find the policy.
  9. Click Risk Analysis in the left sidebar.
  10. Select the check box for UW Hold Hurricane 001.
  11. Click Approve.
  12. Click OK on the Risk Approval Details screen.

What to do next

Issue the policy