Renewal plugin calculation
The Renewal plugin (IPolicyRenewalPlugin) determines
whether or not to start a renewal on a policy period. You can modify
this plugin to incorporate regulatory requirements and insurer practices
for starting renewal processing.
In the default configuration, the Renewal plugin determines whether to start a renewal for the policy period in this way. It first determines what the regulations require. Then it adds additional time for company practices. Finally, it adds a delay for concurrent jobs, if any. These factors are described in:
- Renewal lead time in notification config system table
- Example lead time by line of business
- Example lead time by time of year
- Delay for a conflicting job
A renewal starts for a policy period when the current
date is greater than or equal to the RenewalStartDate.
The renewal start can be delayed for a conflicting job.
The RenewalStartDate
for a policy period is the expiration date of the current period, moved
earlier in time by the sum of the following:
Lead time |
See |
|---|---|
Renewal lead time in Notification Config system table |
|
Example lead time by line of business |
|
Example lead time by time of year |
If the policy has multiple lines of business, then use the longest lead time determined across all lines of business on the policy. You can configure how to calculate the renewal lead time.
See also