Policy workflow and status

This post outlines how quotes are submitted and when they’re ready to become bound in-force policies. In BriteCore, a policy’s status depends on where it is in the policy lifecycle. Figure 1 illustrates a sample workflow with corresponding statuses.

Figure 1: Sample Policies workflow and statuses.

Policy status in BriteCore

Policy status indicates the current state of the policy and appears on each revision. See Table 1 below for a summary of policy statuses and descriptions.

Table 1: BriteCore’s policy statuses and their descriptions.

BriteCore ProductPolicy Status
Description
BriteQuoteUnsubmittedQuote or application hasn't been submitted by the agent from the Agent portal.
BriteQuoteSubmittedApplication is submitted but pending processing by an underwriter.
BriteQuoteRejectedApplication was rejected by an underwriter.
BritePoliciesActiveOnce a quote is committed/bound, a policy is considered in-force and active in BriteCore.
BritePoliciesCanceledPolicy isn't in effect.
BritePoliciesCancellation PendingPolicy is currently in effect but won't be as of a future date.
BritePoliciesExpiredPolicy was non-renewed and isn't in effect.

Policy revisions in BriteCore

A revision is the foundation of a policy and tracks the changes made to a policy over time, including written premium. The following revision states indicate whether the revision’s information is in effect:

  • Committed: The data associated with the revision is in effect and can be reported on.
  • Open: The data associated with the revision is in progress; therefore, it isn’t in effect and can’t be reported on.
  • Pending: The data associated with the revision is in progress; therefore, it isn’t in effect and can’t be reported on.
  • Archived: The data associated with the revision was once in effect and can be reported on.