Renewal line item utility

In quotes, the renewal line item utility removes the manual process required to add or change a coverage that is applicable to all policies during renewal. The utility reduces efforts to manually locate and update all of the policies from requesting agencies.

Functionality

You can create underwriting rules that allow users to add new coverages and change existing coverage limits during the automatic renewal process.

Things to know:

  • The Set Limit effect has been added to the existing effects and will be available for all rules.
  • The Renewal Only option allows you to choose Valid From (required) and Valid Until (optional) dates.
  • The rule will always remain valid if you choose not to add a Valid Until date.
  • The change will always be effective based on the effective date of the new term when the rule is triggered.

Considerations

The rule won’t override any automatically set limits or violate any line-defined minimums or maximums; it will only set the limit to the minimum or maximum value instead of going over.

Important: We don’t recommend configuring any rule that uses an automatically set limit or would attempt to put the limit above or below its minimum or maximum value.

Configuration

To add an underwriting rule that allows users to add new coverages and change existing coverage limits during the automatic renewal process, please see [Add an underwriting rule for renewal only].

Questions

Please direct all questions to your customer service representative and support team. Customer service and support teams can direct their questions to #pd-rules-int.

Additional information