Reference date types

The first step to determining the appropriate reference date is to determine the reference date type to be used. The reference date types are:

• Written date – The date a transaction is created or the date processing on it starts.
• Effective date – The date a transaction is or will be applied to a policy.
• Rating period date – For workers’ compensation only, the date of the beginning of a split rating period, such as a policy anniversary date.

For the OfferingLookup and RefDateTypeLookup tables, the current system date is used as the reference date. The RefDateTypeLookup table determines the reference date type.

The written date field can be made editable in PolicyCenter by permission, if editing is allowed by the insurer.