In BriteCore, you can use line item settings to make changes that affect lines of business. Table 1 lists all of the line item settings and includes descriptions, use cases, and examples.
Table 1: Line item settings.
|Line item has a limit||Define a line item limit.||
Coverage A has a limit of $500,000, and an administrator wants to make sure an agent doesn’t
go over the limit.
|Line item has a rate and/or a deductible||Define a rate, rate chain, or deductible.||Rating factors|
|Allow mortgagee/loss payee to be attached to this line item||Attach a loss payee to a specific line item.||Used for coverages that need their own loss payee, like farm equipment and hog/poultry houses.|
|Line item is [Mandatory/Default] for this policy type||Make a line item mandatory or default, which determines whether an agent can remove it from a policy.||Agents can’t remove mandatory line items from a policy.|
|Allow multiples of this item||Add a line item multiple times.|
|Line item is reported under a loss exposure group||Group line items for reporting.||Reinsurance|
|Premium/fee is fully earned/collected at inception and is non-refundable||The item bills for the entire amount and won’t be prorated if the policy cancels flat or mid-term.|
|Premium/fee is fully billed/collected at inception and can be returned pro-rata||The item bills for the entire amount but will be prorated if the policy cancels mid-term.|
|Line item overrides another line item’s limit||Use the limit of this line item to replace the limit of another item.||Replacement cost contents increase Coverage C limit.|
|Line item modifies another line item’s requested limit at renewal||The line item can modify another item’s limit by a factor. Use an extension to define the factor by zip code.||Inflation Guard|
|This line item applies if [less/more] than [0-10] claims have been [filed/paid] within the last [1-10] years||Use for claims-free surcharges, discounts, and experience rating.|
|Only Available For: [New Policies/Renewals]||Limit a line item to only New or Renewal business.||Inflation Guard applies to renewals only.|
|Display on Declaration as: [Section I, Section II, Optional Items]||
In Settings > Deliverables > Declaration > Declaration Section, you can create various sections
and designate which Declaration section to apply the line item.
|Do not display under Rating Information on the Declaration||
Hides line item rating information (Effective, Limit, Deductible, Premum) within the Rating Information
section of the Declaration.
|Show in Builder: [BriteCore and BriteQuote / BriteCore Only]||Choose where to display line items: BriteCore and/or BriteQuote.||
If a client wants only an underwriter or administrator to see certain calculations or premiums,
you can hide line items from a particular portal.
|Do not display on Declaration when premium equals $0||Hide a line item on the Declaration if its premium is $0.|
|Display the premium as “Incl” on the Declaration when premium equals $0||
On the Declaration, the premium shows “Incl” to indicate the line item premium is included in the policy
|Line item is not rated pro-rata or by term factor||Use for calculation line items that shouldn’t be affected by cancellations and terms.|
|No commission is paid on this line item||Commission isn’t calculated on the line item’s written or paid premium.|
|Show limit and premium under Rating Information on the Declaration||Use to show the limit and premium in the Rating Information section of the Declaration.|
|Do not trigger Persistent Builder when added mandatorily||
Permits users to add a new line item to a policy without triggering the Persistent Builder, which reconciles
line items across effective dates.
|Do not trigger Persistent Builder for newly-added Category object||Adding a category to a line item that didn’t previously have a category won’t trigger the Persistent Builder.|
|Prorate fee in Builder (for use on items that don’t reference pro-rata premium in rate calculation)|
|Line item not available in BriteQuote||Prevents agents from selecting the line item in BriteQuote.|
|Disallow “Submit Bound” if this item is applied to an application||If the line item gets added to an application, it must be submitted unbound.|
|Line item does not apply if policy is on Agency Billing||Makes the line item unavailable for wholesale agents.|
|Prevent this item from being deleted on BriteQuote’s Builder||Prevents agents from deleting the line item in the BriteQuote Builder.||
A client may have different underwriting questionnaires based on business classification.
When the questionnaire line item is added, clients wouldn't want the agent to have the ability
to remove it.
|Disallow “Submit Bound” if limit exceeds||
If you allow bound application submission, this allows you to define the limit above which an application
must be submitted unbound.
|Line item’s premium is added to another line item’s premium||Allows for combining premiums. Used in place of calculating line items.|
|This item is a factor of the previous term’s premium: [Enter Percentage]|