This text provides detailed information on Guidewire fundamentals, including exam questions with verified answers. It covers topics such as policy creation, renewals, cancellations, reinstatements, rewrites, audits, policy terms, and more.
Key Insights
Policy creation involves coordinating all ...
GUIDEWIRE FUNDAMENTALS EXAM QUESTIONS WITH ACTUAL VERIFIED
ANSWERS ALREADY GRADED A+|LATEST AND FREQUENTLY TESTING QUESTIONS
Coordinate all the work associated with creating a new policy?
Policy Transactions
Audit vs Final Audit
Audit can occur multiple times
Final Audit occurs once at the end of a policy term
The length of time a policy is in force is determined by?
Effective date and expiration date
The time between effective date and expiration date is called?
Policy Term
PolicyPeriod is a copy of the entire policy after a job takes place?
True
Each time there is a change a new period is effective on that date?
, True
Multiple periods in a single term is called?
Split periods
Reasons a submission would not issue?
Applicant may not qualify
May not be an acceptable quote
Policy change occurs when?
Coverables added
Coverages added
Coverage terms modified
Creates a new policy for another term, at the end of a policy term?
Renewal
If a policy is not renewed it will...?
Expire
Ends the policy before its expiration date?
Cancellation
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