GUIDEWIRE PROFESSIONAL - FUNDAMENTAL BASE APPLICATION EXAM QUESTIONS WITH COMPLETE ANSWERS

GUIDEWIRE PROFESSIONAL -
FUNDAMENTAL BASE APPLICATION
EXAM QUESTIONS WITH COMPLETE
ANSWERS
Rewrite new account policy terms can have a gap between them. - Answer-True

May occur at the end of the term to ensure the policy does not reflect estimated data? -
Answer-Final Audit

Coordinate all of the work associated with creating an modifying a policy? - Answer-
Jobs

Things that define job logic? - Answer-Job Processes
Workflows
Wizards
Product model
Business rules
External systems

A policyPeriod is one version of the policy? - Answer-True

When two transactions are running on a policy at a given time? - Answer-Preemption

A transaction that is created after another but is effective before the previous? - Answer-
Out of sequence

How to view transactions? - Answer-Account File Summary page
Policy File Summary page
Coordinate all the work associated with creating a new policy? - Answer-Policy
Transactions

Audit vs Final Audit - Answer-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? - Answer-Effective date and
expiration date

The time between effective date and expiration date is called? - Answer-Policy Term

PolicyPeriod is a copy of the entire policy after a job takes place? - Answer-True