Creating multicurrency policy lines

This topic describes how to create policy lines that support more than one coverage currency. The tasks include:

• Identifying the coverage currencies that the line supports.
• Ensuring that the required foreign exchange conversions are available (not described in this topic)
• Adding appropriate coverage options for each of the currencies
• Managing rating in each of the currencies (not described in this topic)
• Enabling producers to write business in various settlement currencies

The examples use the Wright Construction account in the small sample data set. The examples assume that Wright Construction is based in the United States. The insurer provides a commercial property policy that insures buildings and locations the United States and France. The following table contains currency information for these countries.