Cancel policies

You can set a policy to cancel at any time, choose the cancellation reason, and select when BriteCore should process the cancellation. Table 1 summarizes the Cancel When options.

Table 1: Cancel When dropdown list options.

In the Cancellation Reason dropdown list, you can choose from the following options:

  • Changing Policy Type
  • Fraudulent Statement
  • Increase in Hazard
  • Loss History
  • Material Misrepresentation
  • Omission or Concealment of Fact Material to the Acceptance of Risk
  • Property Sold
  • Substantial Increase in Hazards Insured Against by Reason of Willful or Negligent Acts or Omissions by the Insured
  • Underwriting

To cancel a policy:

  1. In the BriteCore menu, select Policies.
  2. On the Policy Search screen, navigate to and select the applicable policy.
  3. Under the Additional Description box, select the Cancel Policy icon
  4. In the Cancel Policy dialog box, complete the following steps:
    1. In the Cancel When dropdown list, select when you want to cancel the policy. See Table 1 for more information.
    2. If you selected Cancel on Specific Date, in the Cancellation Date boxes, type the date you want the policy to cancel.
    3. In the Cancellation Reason dropdown list, select the reason you want to cancel the policy.
    4. In the Print Description box, you can type a print description.
    5. In the Additional Description box, you can type an additional description.
    6. Select OK.