Adverse Action
This is when the risk characteristics of an insured does not meet State Farm’s standards, and we initiate a termination to end coverage.
What is adverse action?
This is the process of transferring all in-scope, private passenger vehicles rated for personal, business, or farm use to PC.
What is migration?
This is the act of merging multiple, single-vehicle policies into a single MCP.
What is consolidation?
This is part of the state laws that may require an insured or a driver of a vehicle to show proof of coverage/insurance for a specified period.
What is a financial responsibility filing?
This is defined as a situation where a customer’s credit history is influenced by an event that took place within three years prior to the date of the application or renewal.
What is an ELE?
This is when a Pre-renewal Direction can be set.
What is nonrenewal is applied to a policy and the renewal has not yet been started or bound?
This status code first appears when a legacy pol is eligible to migrating to PC.
What is in Status 01 or 08?
ALL these criteria must match to consolidate single vehicles into the new Multicar Policy.
What is all named insureds, Use, Agent, Policy coverage, drivers, state, GRP, and billing?
This will display in PC if a user removes liability coverage on any vehicle, and an SR22 filing is present for any driver within the policy.
What is an error message?
The ELE adjustment can only result in this for the policy.
What is the same or better outcome?
This triggers Underwriting to perform a Manual Review of adverse action.
What is an UW Activity for manual review?
Assuming no reinstatement date, this is how a partial suspended pol will migrate to PC.
What is only the active coverages will migrate to PC?
When a policy has been extracted and migrated into PC this will be created and added to the legacy policy.
What is 21 pend or pend with migrated policy number?
The driver/insured must have this in a valid status to be eligible to file an SR22.
What is a US driver license?
The ELE adjustment can affect both of these factors.
What is Rating and Eligibility?
A driver with a foreign license will be required to get a US DL within this many month(s) or action will be taken.
What is 24 months?
This is the policy that will receive data from a policy to create a multi-car policy.
What is the target policy?
When a change occurs on a legacy policy with a 21 pend, this will be created to ensure the same change can be made in PC.
What is 94Y review?
In these scenario(s), Financial Responsibility Filings are not eligible.
What is new submission/looksee period, out of state filings, and employee drivers?
The ELE will remain on the policy until this time.
What is the next time policy reports are ordered and applied?
This occurs if a policy has been set up to non-renew, and a non-pay cancellation is then created.
What is PolicyCenter withdraws the renewal that includes the adverse action?
This is when Adverse action on a policy that has already completed migration is allowed.
What is the end of the policy’s first policy period?
Migration is utilized to bring policies to PC systematically for an 18-month period from the day migration first begins. Once past this 18-month window, if a policy needs to migrate, UW should submit this.
What is an ECP request?
This is the result of failure to pay policy premium after an SR22 filing has been made.
What is loss of future filings and SR26 filing?
Once the transaction is bound with the ELE adjustment, users will see information on this screen.
What is credit characteristic tab?