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GUIDEWIRE POLICYCENTER PROFESSIONAL EXAM
WITH ACCURATE AND VERIFIED QUESTIONS
COVERING CONFIGURATION, POLICY
ADMINISTRATION, DATA MODEL MANAGEMENT,
PRODUCT MODEL SETUP, USER INTERFACE
CUSTOMIZATION, AND INTEGRATION POINTS
WITHIN THE GUIDEWIRE PLATFORM
Premium Audit Methods - CORRECT ANSWER✔✔1. Physical
2. Phone
3. Estimate
4. Voluntary
Premium Audit Roles - CORRECT ANSWER✔✔1. Premium Auditor - may edit
the audit summary and details
2. Audit Examiner - verifies the accuracy of the audits, calculates the
premium, completes the audit
3. Audit Supervisor - can track outstanding audits and audit activities
Audit Process Steps (6) - CORRECT ANSWER✔✔1. Audit Task starts an audit
job
2. Audit - draft policy transaction ready
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3. Each Item becomes a link to the audit wizard so the user can enter info
4. Enter Audit Details
5. Calculate Premiums
6. Submit - Audit Non-editable
Final Audit Steps (5) - CORRECT ANSWER✔✔1. Schedule Final Audit
2. Audit task batch process start audit job before policy expiration
3. Enter Audit basis
4. Calculate premium and complete audit
5. Billing system notified to make premium adjustments
Premium Report General Steps (6) - CORRECT ANSWER✔✔1. Schedule
Premium reports
2. Audit task batch process starts each premium report
3. Send the report to the insured to get audit basis
4. Enter report data received and calculate premium
5. Billing system notified with payment received
6. Billing system reconciles amount received with PC amount and makes
necessary adjustments
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Supporting information under an Account (11) - CORRECT ANSWER✔✔1.
Summary
2. Contacts
3. Location
4. Participants
5. Transactions
6. Submission Manager
7. Policies and UW files
8. Documents
9. History
10. Notes
11. Related Accounts
Types of Policy Transactions (6) - CORRECT ANSWER✔✔1. Submission
2. Change
3. Renew
4. Cancelled
5. Rewritten
6. Reinstated
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Jobs can be started in 3 ways - CORRECT ANSWER✔✔1. By users through
Actions menu
2. External systems through API's
3. PC batch processes
What are Coverage Terms - CORRECT ANSWER✔✔A value that further
defines a specific coverage (Deductible and Limit)
Coverage can have 0, 1, or multiple terms attached
List of Policy Lines (8) - CORRECT ANSWER✔✔1. Personal Auto
2. Commercial Auto
3. General Liability
4. Homeowners
5. Business Owners
6. Inland Marine
7. Commercial Property
8. Worker's Comp
Policy File Contains (4) - CORRECT ANSWER✔✔1. Contact
2. Location
GUIDEWIRE POLICYCENTER PROFESSIONAL EXAM
WITH ACCURATE AND VERIFIED QUESTIONS
COVERING CONFIGURATION, POLICY
ADMINISTRATION, DATA MODEL MANAGEMENT,
PRODUCT MODEL SETUP, USER INTERFACE
CUSTOMIZATION, AND INTEGRATION POINTS
WITHIN THE GUIDEWIRE PLATFORM
Premium Audit Methods - CORRECT ANSWER✔✔1. Physical
2. Phone
3. Estimate
4. Voluntary
Premium Audit Roles - CORRECT ANSWER✔✔1. Premium Auditor - may edit
the audit summary and details
2. Audit Examiner - verifies the accuracy of the audits, calculates the
premium, completes the audit
3. Audit Supervisor - can track outstanding audits and audit activities
Audit Process Steps (6) - CORRECT ANSWER✔✔1. Audit Task starts an audit
job
2. Audit - draft policy transaction ready
,2|Page
3. Each Item becomes a link to the audit wizard so the user can enter info
4. Enter Audit Details
5. Calculate Premiums
6. Submit - Audit Non-editable
Final Audit Steps (5) - CORRECT ANSWER✔✔1. Schedule Final Audit
2. Audit task batch process start audit job before policy expiration
3. Enter Audit basis
4. Calculate premium and complete audit
5. Billing system notified to make premium adjustments
Premium Report General Steps (6) - CORRECT ANSWER✔✔1. Schedule
Premium reports
2. Audit task batch process starts each premium report
3. Send the report to the insured to get audit basis
4. Enter report data received and calculate premium
5. Billing system notified with payment received
6. Billing system reconciles amount received with PC amount and makes
necessary adjustments
,3|Page
Supporting information under an Account (11) - CORRECT ANSWER✔✔1.
Summary
2. Contacts
3. Location
4. Participants
5. Transactions
6. Submission Manager
7. Policies and UW files
8. Documents
9. History
10. Notes
11. Related Accounts
Types of Policy Transactions (6) - CORRECT ANSWER✔✔1. Submission
2. Change
3. Renew
4. Cancelled
5. Rewritten
6. Reinstated
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Jobs can be started in 3 ways - CORRECT ANSWER✔✔1. By users through
Actions menu
2. External systems through API's
3. PC batch processes
What are Coverage Terms - CORRECT ANSWER✔✔A value that further
defines a specific coverage (Deductible and Limit)
Coverage can have 0, 1, or multiple terms attached
List of Policy Lines (8) - CORRECT ANSWER✔✔1. Personal Auto
2. Commercial Auto
3. General Liability
4. Homeowners
5. Business Owners
6. Inland Marine
7. Commercial Property
8. Worker's Comp
Policy File Contains (4) - CORRECT ANSWER✔✔1. Contact
2. Location
