Automatic return premiums setup

Administrators can automate return premium processing by:

  • Enabling automatic return premium processing.
  • Setting a return premium threshold.
  • Setting days on a policy.
  • Delaying printing return premium deliverables.

Enable automatic return premium processing

To process return premiums automatically, administrators must enable the generate_return_premium advanced setting.

To enable the generate_return_premium advanced setting:

  1. In the BriteCore menu, select Settings.
  2. In the Settings menu, select Advanced.
  3. On the Advanced Setting screen, in the Search for a Setting box, type generate_return_premium, and then select Search.
  4. In the generate_return_premium box, select True.

Set a return premium threshold

Administrators can define the return premium threshold by enabling the credit_threshold advanced setting.

The credit_threshold advanced setting uses < (less than) logic.

Example: A threshold of $10 means any return premium less than $10 will remain on the policy.

To enable credit_threshold advanced setting:

  1. In the BriteCore menu, select Settings.
  2. In the Settings menu, select Advanced.
  3. On the Advanced Setting screen, in the Search for a Setting box, type credit_threshold, and then select Search.
  4. In the credit_threshold box, in the Setting Value box, type the threshold value without the dollar sign ($).

Example: Type 10.

Set days on a policy

Administrators can define the number of days a credit remains on a policy until it is automatically moved to the Return Premium Queue by enabling the days_in_credit advanced setting.

The days_in_credit advanced setting uses > (greater than) or = (equal to) logic.

Example: A value of 10 means the return premium will be moved from the policy to the Return Premium Queue 10 or more days prior to today.

To enable the days_in_credit advanced setting:

  1. In the BriteCore menu, select Settings.
  2. In the Settings menu, select Advanced.
  3. On the Advanced Setting screen, in the Search for a Setting box, type days_in_credit, and then select Search.
  4. In the days_in_credit box, in the Setting Value box, type the number of days you want credits to remain on a policy before being moved to the Return Premium Queue.

Example: Type 10.

Delay printing return premium deliverables

A Return Premium Notice automatically generates and prints overnight when a return premium is created. When voiding a return premium, you might not want the Return Premium Notice to automatically print.

Administrators can enable the days-to-delay-printing-auto-rp-deliverable advanced setting to delay printing the Return Premium Notice by a defined number of business days.

To enable the days-to-delay-printing-auto-rp-deliverable advanced setting:

  1. In the BriteCore menu, select Settings.
  2. In the Settings menu, select Advanced.
  3. On the Advanced Setting screen, in the Search for a Setting box, type days-to-delay-printing-auto-rp-deliverable, and then select Search.
  4. In the days-to-delay-printing-auto-rp-deliverable box, in the Setting Value box, type the number of days you want to delay printing the Return Premium Notice.

Example: Type 5.