Guidewire Fundamentals Exam With 100% Correct Answers 2024.

Guidewire Fundamentals Exam With 100% Correct Answers 2024. Coordinate all the work associated with creating a new policy? Policy Transactions Audit vs Final Audit Audit can occur multiple times Final Audit occurs once at the end of a policy term The length of time a policy is in force is determined by? Effective date and expiration date The time between effective date and expiration date is called? Policy Term PolicyPeriod is a copy of the entire policy after a job takes place? True Each time there is a change a new period is effective on that date? True Multiple periods in a single term is called? Split periods Reasons a submission would not issue? Applicant may not qualify May not be an acceptable quote Policy change occurs when? Coverables added Coverages added Coverage terms modified Creates a new policy for another term, at the end of a policy term? Renewal If a policy is not renewed it will...? Expire Ends the policy before its expiration date? Cancellation Restores a cancelled policy with its original terms? Reinstatements Reinstatement can have a lapse in coverage? False Creates a new policy from an existing policy? Rewrites Rewrites are insurer-specific? True Replaces a portion of the original term and allows you to rewrite the policy through to the original policy end date or to a new end date? Mid-Term rewrites Mid-Term rewrites have no lapse in coverage? False - there may be a lapse in coverage. Rewrite new account define? Rewrites a policy to a new target account Rewrite new account policy terms can have a gap between them? True