Specifying the reference date type
The workers’ compensation line always uses
the rating period date as the reference date. Other lines of business
typically use either written or effective date. The appropriate reference
date depends on the insurer’s filings with the regulatory body and
is not consistent across the insurance industry. PolicyCenter uses the
RefDateTypeLookup system
table to determine the appropriate reference date type, based on the
jurisdiction, underwriting company, policy line, and product. This system
table also contains its own effective dates and expiration dates. The
current system date is used to compare against these dates.
To examine the RefDateTypeLookup table, use Product
Designer to navigate to System Tables and open reference_date_types_by_state.xml.
