Guidewire Professional - Fundamental
Base Application Exam Questions with
Complete Answers
Coordinate all the work associated with creating a new policy? - Answer-Policy
Transactions
Audit vs Final Audit - Answer-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? - Answer-Effective date and
expiration date
The time between effective date and expiration date is called? - Answer-Policy Term
PolicyPeriod is a copy of the entire policy after a job takes place? - Answer-True
Each time there is a change a new period is effective on that date? - Answer-True
Multiple periods in a single term is called? - Answer-Split periods
Reasons a submission would not issue? - Answer-Applicant may not qualify
May not be an acceptable quote
Policy change occurs when? - Answer-Coverables added
Coverages added
Coverage terms modified
Creates a new policy for another term, at the end of a policy term? - Answer-Renewal
If a policy is not renewed it will...? - Answer-Expire
Ends the policy before its expiration date? - Answer-Cancellation
Restores a cancelled policy with its original terms? - Answer-Reinstatements
Reinstatement can have a lapse in coverage? - Answer-False
Creates a new policy from an existing policy? - Answer-Rewrites
Rewrites are insurer-specific? - Answer-True
Base Application Exam Questions with
Complete Answers
Coordinate all the work associated with creating a new policy? - Answer-Policy
Transactions
Audit vs Final Audit - Answer-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? - Answer-Effective date and
expiration date
The time between effective date and expiration date is called? - Answer-Policy Term
PolicyPeriod is a copy of the entire policy after a job takes place? - Answer-True
Each time there is a change a new period is effective on that date? - Answer-True
Multiple periods in a single term is called? - Answer-Split periods
Reasons a submission would not issue? - Answer-Applicant may not qualify
May not be an acceptable quote
Policy change occurs when? - Answer-Coverables added
Coverages added
Coverage terms modified
Creates a new policy for another term, at the end of a policy term? - Answer-Renewal
If a policy is not renewed it will...? - Answer-Expire
Ends the policy before its expiration date? - Answer-Cancellation
Restores a cancelled policy with its original terms? - Answer-Reinstatements
Reinstatement can have a lapse in coverage? - Answer-False
Creates a new policy from an existing policy? - Answer-Rewrites
Rewrites are insurer-specific? - Answer-True
