Users can set a policy to cancel on a specific date in BriteCore.
With the new financial authority limits feature, you can establish reserve and payment limits for each claims adjuster tier level. The limits will determine the Loss and Expense reserve amounts and the Loss and Expense payment amounts each claims adjuster tier level is authorized to set.
Carriers can use the enable-non-pay-notice-moratorium advanced setting to clear all Cancellation Pending, Non-Payment of Premium policy statuses and prevent generation of new Notices of Cancellation for non-payment of premium within a specific date range. This setting allows carriers to abide by state-mandated moratorium regulations.