GuideWire Fundamentals Questions and
Answers Graded A+
What is a Policy Rewrite? Creates a new policy from an existing policy and is typically
done when an error is realised within the original policy. A Mid-Term Rewrite also rewrites a
portion of a term while maintaining the original or stating a new end date.
Every Policy will have these two things Effective Date & Expiration Date
The Period of time between the Effective Date and Expiration Date is called? The Policy
Term (Usually 6 Months or 1 Year)
What is the difference between Policy Term and Policy Period? Can be multiple Periods
within a Term
Submissions are? The transaction in GuideWire that will create a Policy, either as a Quote
or Binded & Issued.
Most Submissions do not end in a Policy because? Insured does not qualify for the
insurance or an acceptable quote is not found.
Answers Graded A+
What is a Policy Rewrite? Creates a new policy from an existing policy and is typically
done when an error is realised within the original policy. A Mid-Term Rewrite also rewrites a
portion of a term while maintaining the original or stating a new end date.
Every Policy will have these two things Effective Date & Expiration Date
The Period of time between the Effective Date and Expiration Date is called? The Policy
Term (Usually 6 Months or 1 Year)
What is the difference between Policy Term and Policy Period? Can be multiple Periods
within a Term
Submissions are? The transaction in GuideWire that will create a Policy, either as a Quote
or Binded & Issued.
Most Submissions do not end in a Policy because? Insured does not qualify for the
insurance or an acceptable quote is not found.
