GUIDEWIRE POLICYCENTER
PROFESSIONAL EXAM
Supporting58information58under58an58Account58(11)58-58answer--1.58Summary
2.58Contacts
3.58Location
4.58Participants
5.58Transactions
6.58Submission58Manager
7.58Policies58and58UW58files
8.58Documents
9.58History
10.58Notes
11.58Related58Accounts
Types58of58Policy58Transactions58(6)58-58answer--1.58Submission
2.58Change
3.58Renew
4.58Cancelled
5.58Rewritten
6.58Reinstated
Jobs58can58be58started58in58358ways58-58answer--1.58By58users58through58Actions58menu
2.58External58systems58through58API's
3.58PC58batch58processes
What58are58Coverage58Terms58-58answer--
A58value58that58further58defines58a58specific58coverage58(Deductible58and58Limit)
Coverage58can58have580,581,58or58multiple58terms58attached
List58of58Policy58Lines58(8)58-58answer--1.58Personal58Auto
2.58Commercial58Auto
3.58General58Liability
4.58Homeowners
5.58Business58Owners
6.58Inland58Marine
,7.58Commercial58Property
8.58Worker's58Comp
Policy58File58Contains58(4)58-58answer--1.58Contact
2.58Location
3.58Form
4.58Policy58(contains58coverages,58coverables,58coverage58terms,58and58premium)
What58is58a58product58model?58-58answer--How58a58product58is58configured58-
58What58LOB's58are58required?58What58coverages58can58you58add58to58each58LOB?
A58product58appears58when58you58are58in58a58"New58Submission"58screen58in58PC
Configured58in58Product58Designer
Ex.58Commercial58Package,58Commercial58Property
What58are58clauses?58-58answer--Coverages,58Exclusions,58and58Conditions
A58Policy58Line58contains:58(5)58-58answer--1.58Exclusions
2.58Conditions
3.58Modifiers
4.58Coverage
5.58Forms
What58is58availability58and58what58is58it58based58on?58(6)58-58answer--
A58component58either58appears58or58doesn't58appear58on58a58live58app
Based58on:
1.58Start/End58date
2.58Industry58Code
3.58UW58company
4.58Policy58Type
5.58Policy58Transaction58type
6.58Jurisdiction
What58is58the58max58number58of58submissions58you58can58make58per58LOB?58-
58answer--5
Steps58to58creating58a58submission/policy58(12)58-58answer--1.58Offering58-
58allows58the58insurers58to58define58product58types58based58on58existing58base58product
58definitions
2.58Prequalification58-
58answer58basic58questions58to58reveal58if58the58applicant58qualifies58for58certain58cover
ages,58or58could58reveal58UW58issues
3.58Policy58info58-58captures58basic58info
, 4.58UW58-
58large58insurers58license58subsidiaries58to58do58UW58based58on58state58requirements
5.58Coverages58-58ex.58for58PA58-58collision,58liability
6.58Modifiers58-58increases58or58decreases58in58coverages58based58on58certain58factors
7.58Risk58Analysis58-
58where58UW58concerns58show58up.58UW58can58review58or58maintain58any58issues
8.58Policy58Review58-58can58see58full58application58summary
9.58Quote58-58all58policy58info58is58sent58to58a58rating58engine58and58returns58a58quote
10.58Forms58-58become58available58at58this58point
11.58Payments58-
58payments58screen58looks58in58depth58at58payment58options58to58consider58payment58pl
ans
12.58Bind58and58Issue58-
58coverage58becomes58legally58binding58with58Bind58even58without58official58documentat
ion.58Issues58means58the58documents58are58getting58issued
Parallel58rating58-58answer--rates58coverables58in58parallel58using58multiple58threads
what58is58asynchronous58quoting58and58under58what58conditions58is58it58enabled?
58(2)58Which58LOBs58support58it?58(5)58-58answer--
Runs58the58quote58processes58in58the58background58in58the58following58conditions:
1.58Asynchronous58quoting58is58enabled
2.58Number58of58coverables58exceeds58a58threshold
Supports58-
58Commercial58auto58(for58vehicles),58Business58owners58(for58buildings),58Commercial5
8property58(for58buildings),58General58Liability58(for58exposures),58Worker's58comp58(for58
covered58employees)
Quote58-->58Alert58Message58-->58Quoting58runs58in58the58background58--
>58quoting58completes58-->58Unlocks58-->58creates58activity58--
>58clicking58activity58page58shows58the58quote
What58is58258step58quoting58-58answer--Step58158-58Validates58the58policy58data/
rates58the58policy
Step58258-
58completes58the58post58rating58tasks58like58generating58forms58and58raising58UW58issue
s.
This58process58waits58for58the58user58to58accept58the58quote58if58they58are58satisfied
Instead58of58the58"Quote"58button,58you58will58see58a58"Rate"58button58in58the58first58step
In58base58configuration,58258step58quoting58is58available58for58Commercial58Property
PROFESSIONAL EXAM
Supporting58information58under58an58Account58(11)58-58answer--1.58Summary
2.58Contacts
3.58Location
4.58Participants
5.58Transactions
6.58Submission58Manager
7.58Policies58and58UW58files
8.58Documents
9.58History
10.58Notes
11.58Related58Accounts
Types58of58Policy58Transactions58(6)58-58answer--1.58Submission
2.58Change
3.58Renew
4.58Cancelled
5.58Rewritten
6.58Reinstated
Jobs58can58be58started58in58358ways58-58answer--1.58By58users58through58Actions58menu
2.58External58systems58through58API's
3.58PC58batch58processes
What58are58Coverage58Terms58-58answer--
A58value58that58further58defines58a58specific58coverage58(Deductible58and58Limit)
Coverage58can58have580,581,58or58multiple58terms58attached
List58of58Policy58Lines58(8)58-58answer--1.58Personal58Auto
2.58Commercial58Auto
3.58General58Liability
4.58Homeowners
5.58Business58Owners
6.58Inland58Marine
,7.58Commercial58Property
8.58Worker's58Comp
Policy58File58Contains58(4)58-58answer--1.58Contact
2.58Location
3.58Form
4.58Policy58(contains58coverages,58coverables,58coverage58terms,58and58premium)
What58is58a58product58model?58-58answer--How58a58product58is58configured58-
58What58LOB's58are58required?58What58coverages58can58you58add58to58each58LOB?
A58product58appears58when58you58are58in58a58"New58Submission"58screen58in58PC
Configured58in58Product58Designer
Ex.58Commercial58Package,58Commercial58Property
What58are58clauses?58-58answer--Coverages,58Exclusions,58and58Conditions
A58Policy58Line58contains:58(5)58-58answer--1.58Exclusions
2.58Conditions
3.58Modifiers
4.58Coverage
5.58Forms
What58is58availability58and58what58is58it58based58on?58(6)58-58answer--
A58component58either58appears58or58doesn't58appear58on58a58live58app
Based58on:
1.58Start/End58date
2.58Industry58Code
3.58UW58company
4.58Policy58Type
5.58Policy58Transaction58type
6.58Jurisdiction
What58is58the58max58number58of58submissions58you58can58make58per58LOB?58-
58answer--5
Steps58to58creating58a58submission/policy58(12)58-58answer--1.58Offering58-
58allows58the58insurers58to58define58product58types58based58on58existing58base58product
58definitions
2.58Prequalification58-
58answer58basic58questions58to58reveal58if58the58applicant58qualifies58for58certain58cover
ages,58or58could58reveal58UW58issues
3.58Policy58info58-58captures58basic58info
, 4.58UW58-
58large58insurers58license58subsidiaries58to58do58UW58based58on58state58requirements
5.58Coverages58-58ex.58for58PA58-58collision,58liability
6.58Modifiers58-58increases58or58decreases58in58coverages58based58on58certain58factors
7.58Risk58Analysis58-
58where58UW58concerns58show58up.58UW58can58review58or58maintain58any58issues
8.58Policy58Review58-58can58see58full58application58summary
9.58Quote58-58all58policy58info58is58sent58to58a58rating58engine58and58returns58a58quote
10.58Forms58-58become58available58at58this58point
11.58Payments58-
58payments58screen58looks58in58depth58at58payment58options58to58consider58payment58pl
ans
12.58Bind58and58Issue58-
58coverage58becomes58legally58binding58with58Bind58even58without58official58documentat
ion.58Issues58means58the58documents58are58getting58issued
Parallel58rating58-58answer--rates58coverables58in58parallel58using58multiple58threads
what58is58asynchronous58quoting58and58under58what58conditions58is58it58enabled?
58(2)58Which58LOBs58support58it?58(5)58-58answer--
Runs58the58quote58processes58in58the58background58in58the58following58conditions:
1.58Asynchronous58quoting58is58enabled
2.58Number58of58coverables58exceeds58a58threshold
Supports58-
58Commercial58auto58(for58vehicles),58Business58owners58(for58buildings),58Commercial5
8property58(for58buildings),58General58Liability58(for58exposures),58Worker's58comp58(for58
covered58employees)
Quote58-->58Alert58Message58-->58Quoting58runs58in58the58background58--
>58quoting58completes58-->58Unlocks58-->58creates58activity58--
>58clicking58activity58page58shows58the58quote
What58is58258step58quoting58-58answer--Step58158-58Validates58the58policy58data/
rates58the58policy
Step58258-
58completes58the58post58rating58tasks58like58generating58forms58and58raising58UW58issue
s.
This58process58waits58for58the58user58to58accept58the58quote58if58they58are58satisfied
Instead58of58the58"Quote"58button,58you58will58see58a58"Rate"58button58in58the58first58step
In58base58configuration,58258step58quoting58is58available58for58Commercial58Property
