Create an effective date

In BriteCore, effective dates provide a chronological reference for managing versions of your coverages (lines of business) and rates. Effective dates serve as a historical record of changes over time.

An effective date ties your lines setup and rates to a particular date in time.

Example:
If you choose the effective date January 1, any policies effective on or after January 1 will reference the setup and rates of that effective date.

To create an effective date in Gen 2:

  1. In the BriteCore menu, select Lines.
  2. On the Effective Dates screen, select Add a New Effective Date.
  3. In the Effective Date dialog box, complete the following steps:
    • In the Date boxes, type the date the effective date will take effect.
    • In the Description box, type a description for the effective date.
    • Select Done.

To create an effective date in Auto:

  1. In the top-right of the screen, select your user avatar .
  2. In the dropdown list, select Resources > Support Tools.
  3. In the All Support Tools dropdown list, select Lines.
  4. In the Lines section, select Effective date.
  5. In the Line Item ID box, type the identifier code of the line item you want to delete, and then select Effective date.

To create an effective date in P&C:

  1. In the BriteCore menu, select Lines.
  2. On the Effective Dates screen, select the effective date you want to use.
  3. On the Policy Types screen, select Utilities in the Lines menu, and then select Copy Data.
  4. In the Select State or Province dropdown list, select the state or province you want to copy a line from.
  5. In the Locations section, in the From Policy Type dropdown list, select the policy type you want to copy from.
  6. In the Select State or Province dropdown list, select the state or province you want to copy a line to.
  7. In the Data section, complete the following steps:
    1. In the Copy What dropdown list, select the data you want to copy.

Note: If you select anything other than All Information, the Into What dropdown list appears, allowing you to choose either the Property Section or Policy Section.

  1. In the Into What dropdown list, select where you want to copy the data to.
  1. Select Copy.