Automatic Policy Rewrite upon Payment

The rewrite_canceled_policy_on_payment advanced setting in BriteCore allows automatically committed (active) policies to be rewritten automatically when a sufficient payment is received. This setting helps reinstate policies efficiently based on the specified billing schedule and ensures minimal disruption for policyholders.

How Automatic Policy Rewrite Works

1. Policy Rewrite Trigger:

   • When an active, committed policy is canceled due to non-payment, the system can automatically rewrite (reinstate) the policy when the required payment is made.
   • The amount required to trigger an automatic rewrite depends on the billing schedule in place for that policy.

2. Automatic Commitment:

   • When a policy is automatically rewritten due to payment, BriteCore attempts to commit the initial revision of the rewritten policy.
   • If the revision cannot be committed due to builder conflicts or other issues, the system will send an email notification to the admin-alerts-processing errors group, alerting them to the issue for further review.

Considerations for Automatic Rewrite

Days to Allow Payment for Canceled Policies:

• Policies will not be rewritten if the payment is received outside the timeframe specified by the days-to-allow-canceled-policy-payment setting.
• This setting determines the maximum number of days after cancellation within which payment can be accepted to trigger an automatic rewrite.

Summary of Related Settings