GUIDEWIRE POLICY CENTER PROFESSIONAL EXAM QUESTIONS
AND CORRECT ANSWERS
Supporting cinformation cunder can cAccount c(11) c- cCORRECT cANS✔✔1. cSummary
2. cContacts
3. cLocation
4. cParticipants
5. cTransactions
6. cSubmission cManager
7. cPolicies cand cUW cfiles
8. cDocuments
9. cHistory
10. cNotes
11. cRelated cAccounts
Types cof cPolicy cTransactions c(6) c- cCORRECT cANS✔✔1. cSubmission
2. cChange
3. cRenew
4. cCancelled
5. cRewritten
6. cReinstated
Jobs ccan cbe cstarted cin c3 cways c- cCORRECT cANS✔✔1. cBy cusers cthrough cActions cmenu
2. cExternal csystems cthrough cAPI's
3. cPC cbatch cprocesses
What care cCoverage cTerms c- cCORRECT cANS✔✔A cvalue cthat cfurther cdefines ca cspecific ccoverage c(Deductible cand cLimit)
Coverage ccan chave c0, c1, cor cmultiple cterms cattached
List cof cPolicy cLines c(8) c- cCORRECT cANS✔✔1. cPersonal cAuto
2. cCommercial cAuto
3. cGeneral cLiability
4. cHomeowners
5. cBusiness cOwners
6. cInland cMarine
7. cCommercial cProperty
8. cWorker's cComp
Policy cFile cContains c(4) c- cCORRECT cANS✔✔1. cContact
2. cLocation
3. cForm
4. cPolicy c(contains ccoverages, ccoverables, ccoverage cterms, cand cpremium)
What cis ca cproduct cmodel? c- cCORRECT cANS✔✔How ca cproduct cis cconfigured c- cWhat cLOB's care crequired? cWhat ccoverages
ccan cyou cadd cto ceach cLOB?
A cproduct cappears cwhen cyou care cin ca c"New cSubmission" cscreen cin cPC
Configured cin cProduct cDesigner
Ex. cCommercial cPackage, cCommercial cProperty
What care cclauses? c- cCORRECT cANS✔✔Coverages, cExclusions, cand cConditions
A cPolicy cLine ccontains: c(5) c- cCORRECT cANS✔✔1. cExclusions
2. cConditions
3. cModifiers
4. cCoverage
5. cForms
What cis cavailability cand cwhat cis cit cbased con? c(6) c- cCORRECT cANS✔✔A ccomponent ceither cappears cor cdoesn't cappear con
ca clive capp
, Based con:
1. cStart/End cdate
2. cIndustry cCode
3. cUW ccompany
4. cPolicy cType
5. cPolicy cTransaction ctype
6. cJurisdiction
What cis cthe cmax cnumber cof csubmissions cyou ccan cmake cper cLOB? c- cCORRECT cANS✔✔5
Steps cto ccreating ca csubmission/policy c(12) c- cCORRECT cANS✔✔1. cOffering c- callows cthe cinsurers cto cdefine cproduct ctypes
cbased con cexisting cbase cproduct cdefinitions
2. cPrequalification c- canswer cbasic cquestions cto creveal cif cthe capplicant cqualifies cfor ccertain ccoverages, cor ccould creveal cUW
cissues
3. cPolicy cinfo c- ccaptures cbasic cinfo
4. cUW c- clarge cinsurers clicense csubsidiaries cto cdo cUW cbased con cstate crequirements
5. cCoverages c- cex. cfor cPA c- ccollision, cliability
6. cModifiers c- cincreases cor cdecreases cin ccoverages cbased con ccertain cfactors
7. cRisk cAnalysis c- cwhere cUW cconcerns cshow cup. cUW ccan creview cor cmaintain cany cissues
8. cPolicy cReview c- ccan csee cfull capplication csummary
9. cQuote c- call cpolicy cinfo cis csent cto ca crating cengine cand creturns ca cquote
10. cForms c- cbecome cavailable cat cthis cpoint
11. cPayments c- cpayments cscreen clooks cin cdepth cat cpayment coptions cto cconsider cpayment cplans
12. cBind cand cIssue c- ccoverage cbecomes clegally cbinding cwith cBind ceven cwithout cofficial cdocumentation. cIssues cmeans cthe
cdocuments care cgetting cissued
Parallel crating c- cCORRECT cANS✔✔rates ccoverables cin cparallel cusing cmultiple cthreads
what cis casynchronous cquoting cand cunder cwhat cconditions cis cit cenabled? c(2) cWhich cLOBs csupport cit? c(5) c- cCORRECT
cANS✔✔Runs cthe cquote cprocesses cin cthe cbackground cin cthe cfollowing cconditions:
1. cAsynchronous cquoting cis cenabled
2. cNumber cof ccoverables cexceeds ca cthreshold
Supports c- cCommercial cauto c(for cvehicles), cBusiness cowners c(for cbuildings), cCommercial cproperty c(for cbuildings), cGeneral
cLiability c(for cexposures), cWorker's ccomp c(for ccovered cemployees)
Quote c--> cAlert cMessage c--> cQuoting cruns cin cthe cbackground c--> cquoting ccompletes c--> cUnlocks c--> ccreates cactivity c-->
cclicking cactivity cpage cshows cthe cquote
What cis c2 cstep cquoting c- cCORRECT cANS✔✔Step c1 c- cValidates cthe cpolicy cdata/rates cthe cpolicy
Step c2 c- ccompletes cthe cpost crating ctasks clike cgenerating cforms cand craising cUW cissues.
This cprocess cwaits cfor cthe cuser cto caccept cthe cquote cif cthey care csatisfied
Instead cof cthe c"Quote" cbutton, cyou cwill csee ca c"Rate" cbutton cin cthe cfirst cstep
In cbase cconfiguration, c2 cstep cquoting cis cavailable cfor cCommercial cProperty
Policy cFile cdetails c(on cleft chand cside cbar) c(11) c- cCORRECT cANS✔✔1. cSummary c- cconcise cinfo cabout cpolicy cfile
2. cBilling c- cview coverall cbalances cfor cpolicy cperiods
3. cContacts c- clist call ccontacts cassociated cwith ca cpolicy
4. cParticipants c- clists cusers cinteracting cwith ca cpolicy cby crole
5. cPolicy cTransaction c- cdisplays csummary cinfo cabout call cpolicy ctransactions cthat chave coccurred con cthe cpolicy
6. cNotes c- cview cand csearch cnotes crelated cto cthe cpolicy
7. cDocuments c- cview cand csearch cdocuments crelated cto cthe cpolicy
8. cRisk cAnalysis c- cissues cthat cmay caffect cthe cpolicy c(UW cissues, cclaims, cprior cpolicies, cprior closses, ccontingencies)
9. cReinsurance c- cinsurance crisk ctransferred cto canother cinsurance ccompany cto call cor cpart cof cthe cliability
10. cHistory c- cview cand csearch chistorical cevents cpertaining cto cpolicy
11. cFinancial cTransactions c- can cinternal ctool cused cfor crating cwhile cdeveloping cthe capplication c(only cpeople cwith cthe
c"InternalTool" cpermission ccan csee cthis cscreen
Preemption c- cCORRECT cANS✔✔2 ctransactions care cinitiated cfrom cthe csame cbase cperiod c- ca ctransaction cstarts cwhile
canother cis cin cprogress
The cfirst cjob cthat cfinishes/gets cbound c"wins cout" cand cthe closing cjob chas cto cbe cmodified cto chandle cthe cpreemption
3 cstatuses cof cpolicies cgetting crenewed c- cCORRECT cANS✔✔Renewed
Not cTaken
Non-renewed
How cto coverride can cautomatic crenewal c- cCORRECT cANS✔✔Pre-configure crenewal cdirections c- cthis cputs cthe cexpiring cterm
cinto ceither cautomatic cnonrenewal cor cmanual crenewal
AND CORRECT ANSWERS
Supporting cinformation cunder can cAccount c(11) c- cCORRECT cANS✔✔1. cSummary
2. cContacts
3. cLocation
4. cParticipants
5. cTransactions
6. cSubmission cManager
7. cPolicies cand cUW cfiles
8. cDocuments
9. cHistory
10. cNotes
11. cRelated cAccounts
Types cof cPolicy cTransactions c(6) c- cCORRECT cANS✔✔1. cSubmission
2. cChange
3. cRenew
4. cCancelled
5. cRewritten
6. cReinstated
Jobs ccan cbe cstarted cin c3 cways c- cCORRECT cANS✔✔1. cBy cusers cthrough cActions cmenu
2. cExternal csystems cthrough cAPI's
3. cPC cbatch cprocesses
What care cCoverage cTerms c- cCORRECT cANS✔✔A cvalue cthat cfurther cdefines ca cspecific ccoverage c(Deductible cand cLimit)
Coverage ccan chave c0, c1, cor cmultiple cterms cattached
List cof cPolicy cLines c(8) c- cCORRECT cANS✔✔1. cPersonal cAuto
2. cCommercial cAuto
3. cGeneral cLiability
4. cHomeowners
5. cBusiness cOwners
6. cInland cMarine
7. cCommercial cProperty
8. cWorker's cComp
Policy cFile cContains c(4) c- cCORRECT cANS✔✔1. cContact
2. cLocation
3. cForm
4. cPolicy c(contains ccoverages, ccoverables, ccoverage cterms, cand cpremium)
What cis ca cproduct cmodel? c- cCORRECT cANS✔✔How ca cproduct cis cconfigured c- cWhat cLOB's care crequired? cWhat ccoverages
ccan cyou cadd cto ceach cLOB?
A cproduct cappears cwhen cyou care cin ca c"New cSubmission" cscreen cin cPC
Configured cin cProduct cDesigner
Ex. cCommercial cPackage, cCommercial cProperty
What care cclauses? c- cCORRECT cANS✔✔Coverages, cExclusions, cand cConditions
A cPolicy cLine ccontains: c(5) c- cCORRECT cANS✔✔1. cExclusions
2. cConditions
3. cModifiers
4. cCoverage
5. cForms
What cis cavailability cand cwhat cis cit cbased con? c(6) c- cCORRECT cANS✔✔A ccomponent ceither cappears cor cdoesn't cappear con
ca clive capp
, Based con:
1. cStart/End cdate
2. cIndustry cCode
3. cUW ccompany
4. cPolicy cType
5. cPolicy cTransaction ctype
6. cJurisdiction
What cis cthe cmax cnumber cof csubmissions cyou ccan cmake cper cLOB? c- cCORRECT cANS✔✔5
Steps cto ccreating ca csubmission/policy c(12) c- cCORRECT cANS✔✔1. cOffering c- callows cthe cinsurers cto cdefine cproduct ctypes
cbased con cexisting cbase cproduct cdefinitions
2. cPrequalification c- canswer cbasic cquestions cto creveal cif cthe capplicant cqualifies cfor ccertain ccoverages, cor ccould creveal cUW
cissues
3. cPolicy cinfo c- ccaptures cbasic cinfo
4. cUW c- clarge cinsurers clicense csubsidiaries cto cdo cUW cbased con cstate crequirements
5. cCoverages c- cex. cfor cPA c- ccollision, cliability
6. cModifiers c- cincreases cor cdecreases cin ccoverages cbased con ccertain cfactors
7. cRisk cAnalysis c- cwhere cUW cconcerns cshow cup. cUW ccan creview cor cmaintain cany cissues
8. cPolicy cReview c- ccan csee cfull capplication csummary
9. cQuote c- call cpolicy cinfo cis csent cto ca crating cengine cand creturns ca cquote
10. cForms c- cbecome cavailable cat cthis cpoint
11. cPayments c- cpayments cscreen clooks cin cdepth cat cpayment coptions cto cconsider cpayment cplans
12. cBind cand cIssue c- ccoverage cbecomes clegally cbinding cwith cBind ceven cwithout cofficial cdocumentation. cIssues cmeans cthe
cdocuments care cgetting cissued
Parallel crating c- cCORRECT cANS✔✔rates ccoverables cin cparallel cusing cmultiple cthreads
what cis casynchronous cquoting cand cunder cwhat cconditions cis cit cenabled? c(2) cWhich cLOBs csupport cit? c(5) c- cCORRECT
cANS✔✔Runs cthe cquote cprocesses cin cthe cbackground cin cthe cfollowing cconditions:
1. cAsynchronous cquoting cis cenabled
2. cNumber cof ccoverables cexceeds ca cthreshold
Supports c- cCommercial cauto c(for cvehicles), cBusiness cowners c(for cbuildings), cCommercial cproperty c(for cbuildings), cGeneral
cLiability c(for cexposures), cWorker's ccomp c(for ccovered cemployees)
Quote c--> cAlert cMessage c--> cQuoting cruns cin cthe cbackground c--> cquoting ccompletes c--> cUnlocks c--> ccreates cactivity c-->
cclicking cactivity cpage cshows cthe cquote
What cis c2 cstep cquoting c- cCORRECT cANS✔✔Step c1 c- cValidates cthe cpolicy cdata/rates cthe cpolicy
Step c2 c- ccompletes cthe cpost crating ctasks clike cgenerating cforms cand craising cUW cissues.
This cprocess cwaits cfor cthe cuser cto caccept cthe cquote cif cthey care csatisfied
Instead cof cthe c"Quote" cbutton, cyou cwill csee ca c"Rate" cbutton cin cthe cfirst cstep
In cbase cconfiguration, c2 cstep cquoting cis cavailable cfor cCommercial cProperty
Policy cFile cdetails c(on cleft chand cside cbar) c(11) c- cCORRECT cANS✔✔1. cSummary c- cconcise cinfo cabout cpolicy cfile
2. cBilling c- cview coverall cbalances cfor cpolicy cperiods
3. cContacts c- clist call ccontacts cassociated cwith ca cpolicy
4. cParticipants c- clists cusers cinteracting cwith ca cpolicy cby crole
5. cPolicy cTransaction c- cdisplays csummary cinfo cabout call cpolicy ctransactions cthat chave coccurred con cthe cpolicy
6. cNotes c- cview cand csearch cnotes crelated cto cthe cpolicy
7. cDocuments c- cview cand csearch cdocuments crelated cto cthe cpolicy
8. cRisk cAnalysis c- cissues cthat cmay caffect cthe cpolicy c(UW cissues, cclaims, cprior cpolicies, cprior closses, ccontingencies)
9. cReinsurance c- cinsurance crisk ctransferred cto canother cinsurance ccompany cto call cor cpart cof cthe cliability
10. cHistory c- cview cand csearch chistorical cevents cpertaining cto cpolicy
11. cFinancial cTransactions c- can cinternal ctool cused cfor crating cwhile cdeveloping cthe capplication c(only cpeople cwith cthe
c"InternalTool" cpermission ccan csee cthis cscreen
Preemption c- cCORRECT cANS✔✔2 ctransactions care cinitiated cfrom cthe csame cbase cperiod c- ca ctransaction cstarts cwhile
canother cis cin cprogress
The cfirst cjob cthat cfinishes/gets cbound c"wins cout" cand cthe closing cjob chas cto cbe cmodified cto chandle cthe cpreemption
3 cstatuses cof cpolicies cgetting crenewed c- cCORRECT cANS✔✔Renewed
Not cTaken
Non-renewed
How cto coverride can cautomatic crenewal c- cCORRECT cANS✔✔Pre-configure crenewal cdirections c- cthis cputs cthe cexpiring cterm
cinto ceither cautomatic cnonrenewal cor cmanual crenewal
