Defining audit schedules

PolicyCenter uses audit schedules to specify how to calculate start dates, due dates, and methods (physical, voluntary, or by phone) of audit transactions on a policy. PolicyCenter calculates the start date and the due date based on the period end date. The premium report schedule has other fields including frequency and default deposit.

In Product Designer, you can add audit schedules and modify properties of audit schedules. For example, in Product Designer you can change the audit schedule’s method from voluntary to phone.