GUIDEWIRE FUNDAMENTALS EXAM QUESTIONS WITH
COMPLETE SOLUTIONS 100% VERIFIED
Every Policy will have these two things
Effective Date & Expiration Date
The Period of time between the Effective Date and Expiration Date is called?
The Policy Term (Usually 6 Months or 1 Year)
What is the difference between Policy Term and Policy Period?
Can be multiple Periods within a Term
Submissions are?
The transaction in GuideWire that will create a Policy, either as a Quote or Binded &
Issued.
Most Submissions do not end in a Policy because?
Insured does not qualify for the insurance or an acceptable quote is not found.
What are Policy Changes?
They will change some aspect of the Policy before the Expiration Date. Changes could
be:
- Coverables added or removed from the Policy
- Coverages added or removed from Coverables
- Coverage Terms to be modified.
How is a Material Change different from a Policy Change?
Material Change will affect the item covered, eg Cars / Buildings.
COMPLETE SOLUTIONS 100% VERIFIED
Every Policy will have these two things
Effective Date & Expiration Date
The Period of time between the Effective Date and Expiration Date is called?
The Policy Term (Usually 6 Months or 1 Year)
What is the difference between Policy Term and Policy Period?
Can be multiple Periods within a Term
Submissions are?
The transaction in GuideWire that will create a Policy, either as a Quote or Binded &
Issued.
Most Submissions do not end in a Policy because?
Insured does not qualify for the insurance or an acceptable quote is not found.
What are Policy Changes?
They will change some aspect of the Policy before the Expiration Date. Changes could
be:
- Coverables added or removed from the Policy
- Coverages added or removed from Coverables
- Coverage Terms to be modified.
How is a Material Change different from a Policy Change?
Material Change will affect the item covered, eg Cars / Buildings.
