Set up rewrite billing

When a policy is rewritten, billing activity isn’t automatically moved from the old policy to the rewritten policy. Settings exist to automate billing on rewrites.

Transfer Return Premium

A policy is canceled when it is rewritten. If a return premium generates from the policy cancellation, a setting can automatically transfer the return premium to the new policy.

To enable:

  1. Navigate to Settings > Modules > Policies.
  2. Select Edit under Policy Lifecycle. A Confirm dialog box will open with the following message: 
    You are about to leave the page. Would you liek to save your data before proceeding? 
  3. Select Yes to save the information you added and proceed to the Policy Lifecycle screen or select No to proceed to the Policy Lifecycle screen without saving the information. 
  4. From the Choose a State dropdown list, select the state you’re enabling this setting for. 
  5. Select one of the following radio buttons: Lifecycle Parameters Are the Same for All Business or Lifecycle Parameters Are Defined Per Policy Type
    Note: If you select Lifecycle Parameters Are Defined Per Policy Type, you will be prompted to select the policy type you’re enabling the setting for. 
  6. Navigate to Cancellation > Options.
  7. Select the On Rewrite, Automatically Transfer Return Premium to the Newly Rewritten Policy setting.
  8. Select Save or Save and Exit

Sync Installments

When a policy is rewritten to a new policy, a setting will attempt to sync bill dates from the old policy to the new policy.

To enable:

  1. Navigate to Settings > Modules > Policies.
  2. Select Edit under Policy Lifecycle. A Confirm dialog box will open with the following message: 
    You are about to leave the page. Would you liek to save your data before proceeding? 
  3. Select Yes to save the information you added and proceed to the Policy Lifecycle screen or select No to proceed to the Policy Lifecycle screen without saving the information. 
  4. From the Choose a State dropdown list, select the state you’re enabling this setting for. 
  5. Select one of the following radio buttons: Lifecycle Parameters Are the Same for All Business or Lifecycle Parameters Are Defined Per Policy Type
    Note: If you select Lifecycle Parameters Are Defined Per Policy Type, you will be prompted to select the policy type you’re enabling the setting for. 
  6. Navigate to Cancellation > Options.
  7. Select the On a Rewritten Policy, Keep Installment Dates in Sync with Old Policy Upon Commit setting.
  8. Select Save or Save and Exit.