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Guidewire Policy Questions with 100% Correct Answers | Verified | Latest Update 2024/2025Center Professional Exam $11.49
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Guidewire Policy Questions with 100% Correct Answers | Verified | Latest Update 2024/2025Center Professional Exam

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Guidewire Policy Questions with 100% Correct Answers | Verified | Latest Update 2024/2025Center Professional Exam

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  • September 28, 2024
  • 15
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • guid wire associate
  • supporting information under an account eleven
  • jobs can be started out in three ways ans1 by c
  • list of policy lines 8 ans1 personal auto 2

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  • Guid wire Associate
  • Guid wire Associate

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Guidewire PolicyCenter Professional
Exam

Supporting information under an Account (eleven) - ANS1. Summary
2. Contacts
three. Location
four. Participants
five. Transactions
6. Submission Manager
7. Policies and UW documents
8. Documents
nine. History
10. Notes
11. Related Accounts

Types of Policy Transactions (6) - ANS1. Submission
2. Change
3. Renew
four. Cancelled
5. Rewritten
6. Reinstated

Jobs can be started out in three ways - ANS1. By customers via Actions menu
2. External systems via API's
three. PC batch tactics

What are Coverage Terms - ANSA fee that similarly defines a selected insurance (Deductible
and Limit)

Coverage may have zero, 1, or a couple of terms connected

List of Policy Lines (8) - ANS1. Personal Auto
2. Commercial Auto
three. General Liability
four. Homeowners
five. Business Owners
6. Inland Marine
7. Commercial Property
eight. Worker's Comp

, Policy File Contains (four) - ANS1. Contact
2. Location
3. Form
4. Policy (contains coverages, coverables, coverage phrases, and top rate)

What is a product model? - ANSHow a product is configured - What LOB's are required? What
coverages can you upload to each LOB?
A product seems when you are in a "New Submission" display in PC

Configured in Product Designer

Ex. Commercial Package, Commercial Property

What are clauses? - ANSCoverages, Exclusions, and Conditions

A Policy Line contains: (5) - ANS1. Exclusions
2. Conditions
three. Modifiers
four. Coverage
five. Forms

What is availability and what's it based totally on? (6) - ANSA component either appears or
would not seem on a stay app

Based on:
1. Start/End date
2. Industry Code
3. UW business enterprise
four. Policy Type
5. Policy Transaction kind
6. Jurisdiction

What is the max number of submissions you could make consistent with LOB? - ANS5

Steps to developing a submission/coverage (12) - ANS1. Offering - permits the insurers to
define product sorts based on current base product definitions
2. Prequalification - answer simple questions to reveal if the applicant qualifies for sure
coverages, or ought to screen UW issues
3. Policy information - captures fundamental information
four. UW - huge insurers license subsidiaries to do UW based totally on state necessities
five. Coverages - ex. For PA - collision, liability
6. Modifiers - increases or decreases in coverages based on certain elements
7. Risk Analysis - in which UW concerns show up. UW can review or preserve any issues
eight. Policy Review - can see full application summary

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