Set up deductibles

In BriteCore, users have several options when setting up deductibles:

  • Derive a deductible whenever deductible options change.
  • Display both the deductible value and percentage.
  • Display an adjustable deductible.
  • Display a deductible for adjustments in Declarations.

Derive a deductible when deductible options change

If a coverage’s current deductible amount is no longer an option, the Derive deductible selection when previous selection is removed setting automatically determines a deductible by selecting the next closest value. If there are two values equally distant from the current value, the larger amount is selected.

Note: Clients may want to discontinue a deductible offering.

To enable the Derive deductible selection when previous selection is removed setting:

  1. In the BriteCore menu, select Settings.
  2. In the Settings menu, select Modules, and then select Lines.
  3. On the Lines screen, in the Persistent Builder Options section, select Derive deductible selection when previous selection is removed.
  4. At the bottom of the screen, select Save.

Display the deductible value and percentage

Some deductibles are a percentage of coverage rather than a flat dollar amount. On the Declaration, clients may want to display the percentage as well as the deductible value dollar amount.

Example: The deductible is 10% of Coverage A, and Coverage A is $100. The Declaration shows 10% of Coverage A and the dollar amount: $10.

To display the percentage as well as the deductible value dollar amount, you must configure a particular Lines setup and enable two settings:

  • The display-adjustable-deductible setting in Advanced Settings.
  • The Display deductible for adjustments in Declarations setting in Deliverables.

Figure 1: Display the deductible value and percentage.

Lines setup

When setting up Lines to display the deductible and dollar amount, you need to define the deductible with a dedValuePD variable.

Important: Make sure the deductible is set up as an Adjustment line item.

To define the deductible with a dedValuePD variable:

  1. In the BriteCore menu, select Lines.
  2. On the Effective Dates screen, select the applicable effective date.
  3. On the Policy Types screen, complete the following steps:
    1. In the Select State or Province dropdown, select a state or province.
    2. Navigate to the applicable Policy Type, and then select Edit .
  4. On the Details screen, navigate to the applicable Line Item, and then select Edit .
  5. On the Edit Line Item screen, select Rating.
  6. In the Rate Chain section, select Add to Chain .
  7. In the Rate Object dropdown list, select Evaluation.
  8. In the Chain Details section, select Evaluation.
  9. In the Code Assigned To dropdown list, select New Variable.
  10. In the Name for the new variable box, type dedValuePD.
  11. In the Python Code to Evaluate box, type the deductible code. See Figure 2 for example code.

Figure 2: Example of deductible code.

Advanced setting

Administrators can enable the display-adjustable-deductible setting.

To enable the display-adjustable-deductible setting:

  1. In the BriteCore menu, select Settings.
  2. In the Settings menu, select Advanced.
  3. On the Advanced Settings screen, in the Search for a setting box, type display-adjustable-deductible, and then select Search.
  4. In the display-adjustable-deductible box, select True.

Deliverables setting

Administrators can enable the Display deductible for adjustments in Declarations setting.

To enable the Display deductible for adjustments in Declarations setting:

  1. In the BriteCore menu, select Settings.
  2. In the Settings menu, select Deliverables.
  3. On the Deliverables screen, in the Options box, select Display deductible for adjustments in Declarations.
  4. At the bottom of the screen, select Save.