Checking an issued policy against what was actually bound
The policy shows up weeks after binding, usually as a PDF in eDocs, and someone reads it against the binder and the quote. Named insured spelling, entity type, effective dates, limits, loss payee. Then the forms schedule, which is where the money hides: a CG 20 10 issued where the written contract also called for the CG 20 37, or a waiver of subrogation that was quoted and never attached. Policy download does not carry the form list, so this comparison has to read the document itself.
A certificate request arrives as a sentence in an email, and answering it correctly requires deciding which endorsements the policy actually grants.
The agency management system is the record, and a standardised download feed keeps parts of it current. The feed is positional flat file in origin, its coverage varies by carrier and by line of business, and a policy that arrives without matching an existing record lands in a queue somebody clears by hand.
- Applied Epic
- IVANS Download
- Outlook
When this is the wrong thing to build
Pick something else if you cannot lay hands on the quote and the binder. Checking a policy against nothing is proofreading, and proofreading finds spelling rather than the endorsement that was quoted and never issued.
The constraint that shapes it
Producing a quote or binding coverage happens under a licence that is issued per state and per line, and separately under a carrier appointment, so a person can be licensed without being appointed. More on how this sector works.
Two sources of truth. One queue of the rows that do not line up. Read what this shape is, or start from one of these.
- Rebuilding an annual operating expense reconciliation from the lease
- Reconciling a broker trust account three ways every month
- Matching a closed transaction back to the lead that produced it
- Collapsing two overlapping MLS feeds into one property list
- Widening a conflicts search past exact spelling
- Rebuilding a billable day from the trail the systems already keep
- How do I check an issued policy against the binder without reading everything?
- Why is the forms schedule missing from carrier policy download?
- What should policy checking catch on a commercial package policy?
- Does a CG 20 10 alone cover completed operations for an additional insured?
- How do I spot a wrong endorsement edition date on a new policy?
Back to insurance agencies, or see how this is priced and scoped.