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GUIDEWIRE POLICYCENTRE PROFFESIONAL EXAM
NEWEST ACTUAL EXAM COMPLETE 100 QUESTIONS
AND CORRECT DETAILED ANSWERS (VERIFIED
ANSWERS) |ALREADY GRADED A+|| LATEST EXAM!!!
What is Existence - ANSWER-How does the coverage
appear to the user? (Suggested, Electable, Required)
Clauses and subclauses - ANSWER-These are groups of
coverages
A clause can have 1 or 0 parents clauses
A clause can have multiple subclauses of multiple levels
Coverage Table - ANSWER-Each coverage is associated
with a coverage lookup table storing availability criteria for
coverages
A coverage table has a set number of columns for each
term type (the number of coverage terms is limited to the
number of columns for that type (devs can add columns to
extend the table)
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Use product designer to specify the column of the
coverage table in order to map the term to the column
Schedules - ANSWER-Lists of detailed info about an
insured coverables (ex. list of jewellery)
Generic Schedule - ANSWER-data model that stores
schedule info in a generic way
can be easily created and edited in Product Designer and
can be defined in Product Model XML files
Steps to add a generic schedule to LOB (3) - ANSWER-1.
Create a generic schedule data model for line
2. Configure scheduled clauses and properties in the
product model, using Product Designer
3. Configure the schedule UI if you want to change how it
looks and operates
Ways to configure availability in product model -
ANSWER-1. Lookup tables (to determine initial set "S" of
available entities
2. Availability Scripts (Script must return "True" or "False"
after passing available entities through
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3. Grandfathering
4. Offering
Which patterns do NOT have availability logic - ANSWER-
Policy lines (because they are so closely tied to the
product itself)
Which patterns do NOT have Grandfathering Logic -
ANSWER-Product and Policy Line
Which Products have Offerings in the base configuration
(5) - ANSWER-1. Business Owners
2. Commercial Auto
3. Commercial Package
4. General Liability
5. Personal Auto
What is a Rate Modifier? - ANSWER-A value that the
rating engine uses to justify the policy premium, or some
portion of the premium
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What is a Modifier Pattern? - ANSWER-Affects the rating
of coverages. Creates an instance of a modifier that
affects the cost of a policy
What is a Schedule Rate Modifier - ANSWER-A specific
type of modifier that provides credit or debits within
established value ranges
What is a contingency? - ANSWER-Sometimes a policy is
opened but issuance is dependent on the delivery of
another piece of info (ex. report card)
Actions related to a Contingency (3) - ANSWER-1.
Changing the policy
2. Cancelling the policy
3. Cancelling and rewriting the policy
What is a policy hold? - ANSWER-Placed on a transaction
in the event of a natural disaster or for changes in a
business in a specific region for a period of time
Allows a carrier to prevent users from creating new
policies or changing existing policies
GUIDEWIRE POLICYCENTRE PROFFESIONAL EXAM
NEWEST ACTUAL EXAM COMPLETE 100 QUESTIONS
AND CORRECT DETAILED ANSWERS (VERIFIED
ANSWERS) |ALREADY GRADED A+|| LATEST EXAM!!!
What is Existence - ANSWER-How does the coverage
appear to the user? (Suggested, Electable, Required)
Clauses and subclauses - ANSWER-These are groups of
coverages
A clause can have 1 or 0 parents clauses
A clause can have multiple subclauses of multiple levels
Coverage Table - ANSWER-Each coverage is associated
with a coverage lookup table storing availability criteria for
coverages
A coverage table has a set number of columns for each
term type (the number of coverage terms is limited to the
number of columns for that type (devs can add columns to
extend the table)
,2|Page
Use product designer to specify the column of the
coverage table in order to map the term to the column
Schedules - ANSWER-Lists of detailed info about an
insured coverables (ex. list of jewellery)
Generic Schedule - ANSWER-data model that stores
schedule info in a generic way
can be easily created and edited in Product Designer and
can be defined in Product Model XML files
Steps to add a generic schedule to LOB (3) - ANSWER-1.
Create a generic schedule data model for line
2. Configure scheduled clauses and properties in the
product model, using Product Designer
3. Configure the schedule UI if you want to change how it
looks and operates
Ways to configure availability in product model -
ANSWER-1. Lookup tables (to determine initial set "S" of
available entities
2. Availability Scripts (Script must return "True" or "False"
after passing available entities through
,3|Page
3. Grandfathering
4. Offering
Which patterns do NOT have availability logic - ANSWER-
Policy lines (because they are so closely tied to the
product itself)
Which patterns do NOT have Grandfathering Logic -
ANSWER-Product and Policy Line
Which Products have Offerings in the base configuration
(5) - ANSWER-1. Business Owners
2. Commercial Auto
3. Commercial Package
4. General Liability
5. Personal Auto
What is a Rate Modifier? - ANSWER-A value that the
rating engine uses to justify the policy premium, or some
portion of the premium
, 4|Page
What is a Modifier Pattern? - ANSWER-Affects the rating
of coverages. Creates an instance of a modifier that
affects the cost of a policy
What is a Schedule Rate Modifier - ANSWER-A specific
type of modifier that provides credit or debits within
established value ranges
What is a contingency? - ANSWER-Sometimes a policy is
opened but issuance is dependent on the delivery of
another piece of info (ex. report card)
Actions related to a Contingency (3) - ANSWER-1.
Changing the policy
2. Cancelling the policy
3. Cancelling and rewriting the policy
What is a policy hold? - ANSWER-Placed on a transaction
in the event of a natural disaster or for changes in a
business in a specific region for a period of time
Allows a carrier to prevent users from creating new
policies or changing existing policies
