Application Questions with Complete
Solutions
When two transactions are running on a policy at a given time? Preemption
A transaction that is created after another but is effective before the previous? Out of
sequence
How to view transactions? Account File Summary page
Policy File Summary page
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