PC Assignment-3 Answers

1. Name three external systems that are typically integrated with PolicyCenter.
Ans=> 1)Web services 2)Plugins 3)Inbound and outbound files integration
2. What does an end user need to access a Guidewire application?
Ans=> End user need a valid username and password
3. When a user attempts to log into PolicyCenter, what three pieces of information does
the application attempt to determine?
Ans=> 1) User Credentials 2)Access Permission 3)System Availability
4. Name two ways a user could identify if they have any unsaved work.
Ans=> a) User can access unsaved work from the Unsaved Work list in the Tab Bar.
b)PolicyCenter alerts you that your unsaved work will be lost if you continue.
5. What is Guidewire Studio?
Ans=> Guidewire Studio is a development and management platform for custom
software applications which is an insurance suite that provides insurance software
to insurers, and it offers an industry platform for Property and Casualty insurance.
Guidewire framework consists of Policy Center, Billing Center, and Claim Center.
6. What are the two things that can occur when a policy reaches its expiration date?
Ans=> 1) The normal progression just before a policy expires is to renew it for
another period of time. After PolicyCenter renews a policy, it returns the policy to
maintenance mode until the policy changes, expires, cancels, or renews again.
2) Once policy reach to its expiration date then policy will be in Inactive
state.
7. Name three transactions that can become effective in between a policy's effective
and expiration dates.
Ans=> 1) Renewal policy transaction 2) Policy change transaction 3) Cancellation
policy transaction.
8. A submission makes a policy effective as of Monday. A policy change makes a change
that is effective as of Wednesday. As of Friday, how many policy terms exist? How
many PolicyPeriods exist?
Ans:- As of Friday 1 Term, And 2 PolicyPeriods exist.
9. If a policy becomes effective as of March 1, 2012, what happens if you attempt to
view the policy as of February 1, 2012?
Ans:- It will shows the raise the error as No period effective on 02/01/2012.
10. What is the cardinality between account and policy?
Ans=> Policy has a foreign-key relation with account
11. How could you navigate to the following accounts? For each, name the fastest
method.
1. The account named Big Lake Bakery.
Ans=> Click on the dropdown of Account option available on UI and search
the account name.
2. Anna Delfino's account, which is number 5673211.
Ans=> From search tab select account name and account number.
3. The Wright Construction account, which you were looking at five minutes
ago.
Ans=> From tab bar select the account tab is will shows the previously
created account.
4. The account for the policy you're currently looking at.
Ans=> From the info bar we can navigate to account.
12. What three statuses can an account have?
Ans=> 1) Active 2)Pending 3)Withdrawn
13. What is the difference between an account participant and an account contact?
Ans=> Account participant can be policy holder, additional insured person,
beneficiary.
Account contact can be Agent or broker etc.

14. What are the three possible outcomes of a submission?

Ans=> Complete the submission policy transaction in one of the following ways:
1)Bind the submission 2)Reject the submission 3)Withdraw the submission
15. What is the difference between a quick quote and a full application quote?
Ans=>

Quick Quote Full Application

Gathered minimal information to generate Gathered complete set of information to

quote. generate bindable quote.
Quick quote provides a rapid assessment of Full Application does not provide assessment
whether the insurer can provide a policy until Insured per provide complete
premium. information.

In Quick quote can’t bind the policy or issue.Full Application can bind and can issue policy.

16. If the Quote button is visible, can you quote the submission?
Ans=> We can quote only if all the pending underwriter issues been accepted and
all the validation errors has been clear then only we can quote the submission.
17. For a quoted submission, what is the difference between the "Edit Policy
Transaction" button and the “Add Side-by-Side Version" button?

Edit Policy Transaction Add Side-by-Side version

Edit Policy Transaction button use to make side-by-side version button use to view
the policy editable. multiple versions of a policy transaction
on one screen.

Edit Policy Transaction can edit one policy Side-by-Side version can edit and compare
at a time in single screen. multiple policies in one screen

18. Name three differences between a quick quote and a full application.
Ans=> 1)Full application required more set of information and verification
2)Full application has more number of screen on UI than quick quote.
3)Full application can bind and issue the policy but quick quote can’t.
19. What is the difference between a full application that is started from a quick quote
and a full application that is started directly from Submission Manager.
Ans=>
 A full application which is started from quick quote does not required more
information to bind or issue the policy because insured already provide the
information.
 Full application which is directly started from submission manager we have
provide all required information to issue or bind the policy.
20. If an applicant answers a Qualification question unfavorably, how will PolicyCenter
react?
Ans=> Then it will affect on next screens and premiums. There is may be chances to
raise validation error or warnings.
21. What is the purpose of an UW issue?
 Ans=> While issuing policy there is possibility insurer provide false information or
invalid information which is not comes under underwriter rules. To prevent risks and
providing securities of valid information by reviewing approving those issues.
22. What are the three ways that a renewal can end?
Ans=> 1) After renewal if insurer or insured wants to cancel policy.
2) After renewal if policy period ends then policy then policy will expire and
end.
3) After renewal if policy change and after modification can also renewal
end.
23. Under what two circumstances does the renewal wizard typically get used?
Ans=> 1) When PolicyPeriod is about to expire then we the for Renewing the
policy.
2) For Issuing renew policy.
24. How many pre-renewal directions can a policy have?
Ans=> Types of pre-renewal directions are below:
 Non-Renew
 Non-Renew and Refer to underwriter
 Not-Taken
 Refer to customer service representative
 Refer to Underwriter
 Refer to underwriter Assistance
25. When should you not create a pre-renewal direction?
Ans=> If you want the policy to be automatically processed, do not create a pre-
renewal direction that assigns renewals to a user.
26. Assume that a policy has a term of one year, and that first year ends in 15 days. A
renewal job should already have been started for that policy. How can you tell if the
renewal job is still in progress or has been completed?
Ans=> If policy is in renewal progress then that policy details will appear on UI in
summary screen. Check in open policy transactions column called type if policy is in
a renewal progress state then it will show type as a renewal.
27. For each of the following, identify whether the statement applies to submission jobs,
change jobs, or both.
1. It can be started manually.
Ans=> Both
2. It can only be executed from an existing policy.
 Ans=> Change jobs
3. It requires you to identify the producer of the record.
Ans=> Submission
4. It can be withdrawn.
Ans=> Both
5. It can be declined.
Ans=>Submission
6. It requires a new quote to be generated.
Ans=> Both