Add new rate routine

Before you begin

You must have the ratebookview and ratebookedit permissions to add a new rate routine.

About this task

Important: Validate all rate routines before promoting a rate book. To validate a rate routine, click the Validate button in the Steps panel of the rate routine screen while in edit mode. PolicyCenter displays validation errors and warnings as appropriate. Errors prevent rate book promotion to Stage status. However, warnings do not prevent promotion. This behavior is intentional because validation warnings do not necessarily indicate a problem with the rate routine. Test rate routines thoroughly – some warnings can cause run-time errors when rating a policy transaction.

After adding the rate routine in PolicyCenter, add the rate routine to a rate book and to the rating plugin as described in step 6 and step 7.

Procedure

To add a rate routine, you can add a new one or create a copy from an existing one. In either case, the rate routine version is 1. PolicyCenter creates a new CalcRoutineDefinition entity instance that represents the rate routine.
- To add a new rate routine, go to the Rate Routines screen, and click Add under Search Results. PolicyCenter creates a new rate routine with no steps.
- To copy a rate routine, go to an existing rate routine, and click Copy. PolicyCenter creates a copy of the rate routine.

Enter the following information for the rate routine:

Field	Description
Code	A unique code for the routine. This is the `Code` on the CalcRoutineDefinition entity instance.
Name	A name for the routine. This is the `Name` on the CalcRoutineDefinition entity instance.
Jurisdiction	The jurisdiction to which this routine applies. Select <applies to all> if the rate routine can apply to all jurisdictions.
Version	Read-only. A version for the routine. This is the `Version` on the CalcRoutineDefinition entity instance.
Description	A description for the routine. This is the `Description` on the CalcRoutineDefinition entity instance.
Policy Line	The policy line that this routine applies to. Select <applies to all> if the rate routine can apply to all policy lines.
Parameter Set	Select a parameter set. The drop-down list displays the parameter sets defined for the selected Line of Business.
Parameters in Parameter Set	Read-only. The parameters in the selected Parameter Set. If you hover the mouse over the parameters, PolicyCenter displays the value in the Type column for each parameter. For more information, see Alter parameters in parameter set in Rating Management.
Last Updated By	The name of the user who last updated this rate routine. This field is read-only.
Last Update Time	The time that the user last updated this rate routine. This field is read-only.

When viewing the Rate Routine screen, Policy Line and Jurisdiction set to <applies to all> appear blank.

Add or update steps as described in Adding steps to a rate routine.
If you want to save your work but continue editing, click Apply. The rate routine remains in edit mode, and you can continue making changes to it.
PolicyCenter displays a validation message if the Code and Version are not unique.
After you finish editing, click Update to save your work. The rate routine is no longer in edit mode. If PolicyCenter finds validation issues, the user receives a validation message and does not save the rate routine changes.
Add the rate routine to a rate book. See Rate Book screen.
Add the rate routine to the rating engine for the line of business. See Configuring the rating engine to execute the rate routine.