PolicyCenter - Accounts
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1. Define an Account in Policy Center: An Account holds customer information
2. Who can have an account in PolicyCenter?: An individual (person) or a company
3. How Accounts and Policies relate?: An account can have zero, one or many associated policies, while
a policy can belong to only one account. An account with at least one policy is refered to as "the insured".
4. How do Contact and Accounts relate?: One person may be associated with multiple accounts. So,
a single contact may hold multiple accounts. Different accounts have different purposes (personal account, business
account)
5. Define the term "insured" in the Accounts context and explain:
6. What is a Producer in PolicyCenter?: A third-party bringing business to the insurer
7. What are Producers of record in PolicyCenter?: Producers who bring business to an insurer
but may not be actively servicing an account.
8. What are Producers of service in PolicyCenter?: Producers who may or may not have brought
the business to the insurer but are the party servicing the account.
9. What is a Producer code in PolicyCenter?: A unique identifier assigned by the insurer to track
the agent or agency responsible for a policy or account. It is used to control account access and identifies the sales
agent who sold the policy.
10. What is an Organization in PolicyCenter?: A business entity representing either the insurer or
a producer.
11. What is an Insurer in PolicyCenter?: A company providing insurance to applicants
12. What is an Underwriter in PolicyCenter?: An employee of the insurer who assesses the
insurability of applicants to determine if it is economically advisable and the associated costs.
13. What is a Participant in PolicyCenter?: A PolicyCenter user working directly or indirectly (a
producer) for the insurer and is assigned to an account with a given role.
14. What is a Contact in PolicyCenter?: A person or organization related to the account.
15. What are Locations in PolicyCenter?: Physical locations relevant to an account's insurance needs.
They may or may not have buildings or other structures on them.
16. What is the Submission Manager in PolicyCenter?: A screen within PolicyCenter where
multiple submissions on an account can be viewed.
17. What are Related Accounts in PolicyCenter?: Accounts that may have importance to the
current account. The relationship type is user-defined and configurable, with three out-of-the-box relationships
available.
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Study online at https://quizlet.com/_i3jbpb
1. Define an Account in Policy Center: An Account holds customer information
2. Who can have an account in PolicyCenter?: An individual (person) or a company
3. How Accounts and Policies relate?: An account can have zero, one or many associated policies, while
a policy can belong to only one account. An account with at least one policy is refered to as "the insured".
4. How do Contact and Accounts relate?: One person may be associated with multiple accounts. So,
a single contact may hold multiple accounts. Different accounts have different purposes (personal account, business
account)
5. Define the term "insured" in the Accounts context and explain:
6. What is a Producer in PolicyCenter?: A third-party bringing business to the insurer
7. What are Producers of record in PolicyCenter?: Producers who bring business to an insurer
but may not be actively servicing an account.
8. What are Producers of service in PolicyCenter?: Producers who may or may not have brought
the business to the insurer but are the party servicing the account.
9. What is a Producer code in PolicyCenter?: A unique identifier assigned by the insurer to track
the agent or agency responsible for a policy or account. It is used to control account access and identifies the sales
agent who sold the policy.
10. What is an Organization in PolicyCenter?: A business entity representing either the insurer or
a producer.
11. What is an Insurer in PolicyCenter?: A company providing insurance to applicants
12. What is an Underwriter in PolicyCenter?: An employee of the insurer who assesses the
insurability of applicants to determine if it is economically advisable and the associated costs.
13. What is a Participant in PolicyCenter?: A PolicyCenter user working directly or indirectly (a
producer) for the insurer and is assigned to an account with a given role.
14. What is a Contact in PolicyCenter?: A person or organization related to the account.
15. What are Locations in PolicyCenter?: Physical locations relevant to an account's insurance needs.
They may or may not have buildings or other structures on them.
16. What is the Submission Manager in PolicyCenter?: A screen within PolicyCenter where
multiple submissions on an account can be viewed.
17. What are Related Accounts in PolicyCenter?: Accounts that may have importance to the
current account. The relationship type is user-defined and configurable, with three out-of-the-box relationships
available.
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