Intro Essentials Lessons 2

Question 1

For the Personal Auto policy line, why are there two possible values for a modifier’s “modifier type”?

Answer 1

In Personal Auto, a modifier can be associated with the policy line or to a specific vehicle. When creating the modifier, you specify a modifier type to denote if it is a policy line level (PAModifier) or a vehicle level (PAVehicleModifier).

Question 2

When do you need to add values to the RateFactorType typelist?

Answer 2

You need to add typecodes to the RateFactorType typelist when you create a schedule rate modifier and the desired rate factors don’t already exist.

Question 3

Describe a business situation that calls for a contingency. Draw upon your industry experience as you come up with ideas.

Answer 3

Example answer:

Getting a student report card to offer a personal auto discount.

Question 4

Can you add extra information to a contingency? Give one or more examples.

Answer 4

Yes. Example of extra info you can add to a contingency:

Notes
Documents
Activities

Question 5

Give one or more examples of appropriate actions related to a contingency.

Answer 5

Examples of appropriate actions related to a contingency:

Changing the policy
Cancelling the policy
Cancelling and rewriting the policy

Question 6

Distinguish UW referral reasons from a UW issue.

Answer 6

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