Reference date example

In Product Designer, the RefDateTypeLookup system table defines that Personal Auto uses the effective date. There are two vehicle-level coverages. The first coverage, Coverage 1, has Reference Date By set to PersonalVehicle. The second coverage, Coverage 2, has Reference Date By set to This Coverage.

On February 1, you issue a policy with effective date of February 15. The policy includes one vehicle with coverage Coverage 1.

On March 1, you issue a policy change with effective date of June 15. The policy change adds a second vehicle, with Coverage 1, and adds Coverage 2 to both vehicles.

The written dates, February 1 and March 1, are not important because the RefDateTypeLookup system table specifies the effective date for Personal Auto.

Now assume there is a third coverage, Coverage_3, with an end effective date of February 15, and Reference Date By of PersonalVehicle. On March 1, you issue a policy change to add Coverage_3 to the vehicles. The effective date of the policy change is June 15. The first vehicle’s reference date is February 15, therefore you can add Coverage_3 to the first vehicle. The second vehicle’s reference date is June 15, so you cannot add the coverage to this vehicle.

The following table shows the reference and effective dates for availability and rating:

Vehicle	Coverage 1 (PersonalVehicle)		Coverage 2 (ThisCoverage)		Coverage 3 (PersonalVehicle)
	Ref date	Eff date	Ref date	Eff date	Ref date	Eff date
First vehicle	February 15	February 15	June 15	June 15	February 15	June 15
Second vehicle	June 15	June 15	June 15	June 15	June 15	Not available