100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
Guidewire Policy Center Professional Exam Study Questions and Answers Top Graded 2024 CA$20.93   Add to cart
Quickly navigate to
Preview
  2.  
  3. Wire Policy Center Professional
  4.  
  5. Wire Policy Center Professional

Exam (elaborations)

Guidewire Policy Center Professional Exam Study Questions and Answers Top Graded 2024
 8 views  0 purchase
  • Course
  • Wire Policy Center Professional
  • Institution
  • Wire Policy Center Professional

Supporting information under an Account (11) -Correct Answer 1. Summary 2. Contacts 3. Location 4. Participants 5. Transactions 6. Submission Manager 7. Policies and UW files 8. Documents 9. History 10. Notes 11. Related Accounts Types of Policy Transactions (6) -Correct Answer 1. Subm...

[Show more]

Preview 2 out of 15  pages

Document information

  • November 1, 2024
  • 15
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • guidewire
  • guidewire policy center professional exam
  • guidewire policy center professional
  • policy center professional

Written for

  • Wire Policy Center Professional
  • Wire Policy Center Professional

Seller

avatar-seller
PossibleA

Reviews received

Content preview

Guidewire PolicyCenter Professional Exam



Guidewire Policy Center Professional Exam
Study Questions and Answers Top Graded 2024
Supporting information under an Account (11) -Correct Answer ✔1. Summary
2. Contacts
3. Location
4. Participants
5. Transactions
6. Submission Manager
7. Policies and UW files
8. Documents
9. History
10. Notes
11. Related Accounts

Types of Policy Transactions (6) -Correct Answer ✔1. Submission
2. Change
3. Renew
4. Cancelled
5. Rewritten
6. Reinstated

Jobs can be started in 3 ways -Correct Answer ✔1. By users through Actions menu
2. External systems through API's
3. PC batch processes

What are Coverage Terms -Correct Answer ✔A value that further defines a specific
coverage (Deductible and Limit)

Coverage can have 0, 1, or multiple terms attached

List of Policy Lines (8) -Correct Answer ✔1. Personal Auto
2. Commercial Auto
3. General Liability
4. Homeowners
5. Business Owners
6. Inland Marine
7. Commercial Property
8. Worker's Comp

Policy File Contains (4) -Correct Answer ✔1. Contact
2. Location
3. Form
4. Policy (contains coverages, coverables, coverage terms, and premium)


Guidewire PolicyCenter Professional Exam

, Guidewire PolicyCenter Professional Exam



What is a product model? -Correct Answer ✔How a product is configured - What LOB's
are required? What coverages can you add to each LOB?
A product appears when you are in a "New Submission" screen in PC

Configured in Product Designer

Ex. Commercial Package, Commercial Property

What are clauses? -Correct Answer ✔Coverages, Exclusions, and Conditions

A Policy Line contains: (5) -Correct Answer ✔1. Exclusions
2. Conditions
3. Modifiers
4. Coverage
5. Forms

What is availability and what is it based on? (6) -Correct Answer ✔A component either
appears or doesn't appear on a live app

Based on:
1. Start/End date
2. Industry Code
3. UW company
4. Policy Type
5. Policy Transaction type
6. Jurisdiction

What is the max number of submissions you can make per LOB? -Correct Answer ✔5

Steps to creating a submission/policy (12) -Correct Answer ✔1. Offering - allows the
insurers to define product types based on existing base product definitions
2. Prequalification - answer basic questions to reveal if the applicant qualifies for certain
coverages, or could reveal UW issues
3. Policy info - captures basic info
4. UW - large insurers license subsidiaries to do UW based on state requirements
5. Coverages - ex. for PA - collision, liability
6. Modifiers - increases or decreases in coverages based on certain factors
7. Risk Analysis - where UW concerns show up. UW can review or maintain any issues
8. Policy Review - can see full application summary
9. Quote - all policy info is sent to a rating engine and returns a quote
10. Forms - become available at this point
11. Payments - payments screen looks in depth at payment options to consider
payment plans
12. Bind and Issue - coverage becomes legally binding with Bind even without official
documentation. Issues means the documents are getting issued

Guidewire PolicyCenter Professional Exam

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller PossibleA. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for CA$20.93. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

75323 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
CA$20.93
  • (0)
  Add to cart