1|Page
Guidewire Policy Center Professional Exam||
QUESTIONS AND CORRECT DETAILED ANSWERS
(VERIFIED ANSWERS) |ALREADY GRADED A+||
LATEST EXAM!!!
Requirements to designing a product (required fields) (7) -
ANSWER-1. Product Type
2. Product Name
3. LOB
4. Product Account Types
5. Available Jurisdictions
6. Policy Terms
7. Default Policy Term
Coverage Pattern Attributes - ANSWER-Determines
whether or not each relevant coverage is offered on a
policy and whether the user can accept or decline
Recommended Practice for mapping coverages -
ANSWER-1. When mapping, put coverages that will
appear together or automatically in the same category
2. When rendering on the UI, put commonly accepted
coverages on "Included Coverages" and less commonly
accepted coverages as "Additional Coverages"
,2|Page
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)
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)
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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. Grandfathering
4. Offering
, 4|Page
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
What is a Modifier Pattern? - ANSWER-Affects the rating
of coverages. Creates an instance of a modifier that
affects the cost of a policy
Guidewire Policy Center Professional Exam||
QUESTIONS AND CORRECT DETAILED ANSWERS
(VERIFIED ANSWERS) |ALREADY GRADED A+||
LATEST EXAM!!!
Requirements to designing a product (required fields) (7) -
ANSWER-1. Product Type
2. Product Name
3. LOB
4. Product Account Types
5. Available Jurisdictions
6. Policy Terms
7. Default Policy Term
Coverage Pattern Attributes - ANSWER-Determines
whether or not each relevant coverage is offered on a
policy and whether the user can accept or decline
Recommended Practice for mapping coverages -
ANSWER-1. When mapping, put coverages that will
appear together or automatically in the same category
2. When rendering on the UI, put commonly accepted
coverages on "Included Coverages" and less commonly
accepted coverages as "Additional Coverages"
,2|Page
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)
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)
,3|Page
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. Grandfathering
4. Offering
, 4|Page
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
What is a Modifier Pattern? - ANSWER-Affects the rating
of coverages. Creates an instance of a modifier that
affects the cost of a policy
