Portfolio View
This provides an automated means of viewing all auto policies, policy owners, and drivers for rating and underwriting purposes
What is the Auto Portfolio View?
This is a transaction in PolicyCenter that creates a new policy.
What is a Submission?
Once withdrawn, this item cannot be retrieved.
What is transaction/submission/policy change?
This is the max number of vehicles on a single MCP.
What is 40 vehicles?
This policy is not considered when applying the multi-line consideration.
What is a Health Policies?
These must match for policies to appear on the Auto Portfolio View.
What is Named insured; List of Drivers, Same use (personal, bus, farm)
When working within the workflow of a transaction, eligibility is systematically determined when this button is pressed.
What is the Quote button?
This is triggered if sufficient information is not provided for a policy with missing driver information.
What is Adverse Action?
This coverages apply to all vehicles listed on the policy.
What are Policy-Level Coverages?
This is now used in PC to collect annual milage information.
What are 3rd party reports?
This provides an automated connection of policies for the purpose of multi-line rating.
What is the Affiliate Portfolio View?
This is the max number of days a new submission can be backdated without triggering an UW Issue.
What is 7 days?
This major factor in legacy is no longer utilized in PC for UW or rating?
What is a minor violation?
These 4 private passenger vehicles use are eligible for Multi-Car Policies.
Personal, Business, Farm, and Rec Vehicles (for road use)
These 3 driver characteristics are now the criteria for the Steer Clear Program.
What is… Be under age 25, Have a valid driver's license, and Complete the Steer Clear program
These Premium adjustments are applied effective the date of the transaction, including mid-term.
What is Multiline Premium Adjustment?
This determines if an MVR is needed, eligibility will be reassessed once the user agrees to Bind/Issue.
What is the CUI Model?
Our new re-underwriting models will evaluate all existing policies just prior to this.
What is the policy renewal?
To ease and consistency for the customer, as all cars carry the same policy-level coverage, mitigating a possible unintentional gap in coverage.
What is a benefit of MCP?
This is the length of time an auto driver has continuously been a rated driver in at least one active State Farm auto policy.
What is driver tenure?
Groups customers for rating and underwriting purposes, helps match price to risk, and maintain aspects of rating for customers who do not consolidate all of their vehicles.
What are the benefits of Portfolio View?
This is the number of days until an unbound transaction expires.
What is 90 days?
What would trigger Underwriting to review a policy related to a recent claim to determine if action is needed?
What is free-form remarks from claims in ECS?
These are ALL the criteria for vehicles to be on the same multi-car policy.
What is…Named insureds, Policy-level coverages, Company placement, Agent, Use, GRP, Term length, and Billing account
What is the name for the individual details used in the new rating model, including what specific data is used and considered.
What is the black box?