The Lines module provides a dynamic interface for administrators to set up coverages.
BriteCore has two versions of the Lines module:
- Classic Lines
Note: If you are unsure about which version of Lines you have, contact BriteCore.
The terms below will help you understand lines in BriteCore.
Boolean refers to a field that can be only true or false.
Business locations determine where a client can write business. BriteCore currently supports locations in the United States and Canada. When setting up business locations, you can select states, counties, and specifications to divide counties into smaller, ratable units, such as beach and non-beach.
Calculations use fields, rate tables, and other calculations to determine premiums, limits, and deductibles for an item.
Components are tools for building lines. There are three types of components: line item groups, deductible groups, and premium groups.
Data fields define the data that may be collected to rate a risk. The provided values are used for collecting data; creating underwriting rules; and determining the premium, limit, and deductible values.
Effective dates provide a chronological reference for managing versions of your coverages (line of business) and rates. Effective dates serve as a historical record of changes over time.
Field types are used to determine the kind of data that is being collected.
You can upload forms and other documents to policy types or line items and choose when, where, and how they appear on a policy.
Items are the coverages, fees, and endorsement forms attached to a risk.
Limits refer to the maximum value. Items can have multiple limits, each with one of the following types: per risk, per occurrence, or policy aggregate.
Line items are individual items on a policy, which can be a coverage, endorsement, rider, or exclusion. Line items determine which coverage is or isn’t included in a policy. BriteCore currently has six types of line items: coverage, adjustment, non-rate, fee, calculation, and dividend.
Policy type is a flexible term. It refers to either a line of business or a form within a line of business, depending upon your setup. Insurance agencies and agents may refer to a policy type as an insurance product or insurance package.
Rate chains are the step-by-step order in which the rate of a line item is calculated. Rate chains include tools to help users build and configure their product offerings (lines and policy types).
Rate tables store the data used to map inputs (e.g., data fields, other rate tables, or calculations) to outputs (e.g., a rate, factor, or anything else).
Risk types are collections of data fields, coverages, and rating logic that model a real-world entity like a vehicle, home, or person. Risk hypes have four important concepts associated with them: fields, rate tables, calculations, and items.
String refers to a sequence of text-based characters, such as a driver’s name, a phone number, a street address, or an underwriting question explanation.
Sublines are collections of line items. You can use sublines to group coverages normally found together on a policy.
Supplemental questions capture additional information: underwriting questions, item descriptions, and schedules.
Underwriting rules use triggers, effects, and logic to add or remove line items or category options when a user selects a specified option while building a policy.