Install New Policy Type

Use the following steps to install a new policy type.

1. At Home Base, click Utilities.
2. On the Utility Manager screen, open the General folder in the treeview.
3. Open the Policy Maintenance folder and select Install Policy Types.
4. Click the arrow to continue.
5. In the Policy Type field, type a four-character code for the new policy and press the [TAB] key.
6. Click Yes to confirm that this is a new policy.
7. Type a Description for the new code (for example, Personal Automobile for AUTO). The Description must begin with a letter or numeral.
8. Select the Line of Business.
9. Select a Declaration Page to associate with the policy. The type of declaration page selected is then associated with the client's current policy type or corresponding policy.
   
   To select or design a custom declaration page for the policy, select Custom. Go to the next step. If you do not select Custom, skip to step 11.
   
   If you do not want to associate a declaration page with the policy, select None. If you choose None, you will not be able to enter a declaration page for customer policies of this type. Go to step 11.
10. Follow the screen instructions to select dec page options. You will receive a series of prompts:
    • Will this be a standard dec page for a company form application? Click No unless your agency has purchased a company form from Applied Systems. If you select Yes, a list of available company forms displays. Select the one that you would like to associate with this policy and click OK.

    • View this application from Customer Activity? Click No unless your agency has purchased a company form from Applied Systems, because this option requires the installation of a company form. If you select Yes, a list of available company forms displays. Select the one that you would like to associate with this policy and click OK.

    • Custom Decs: When this window displays, select the custom dec page you would like to associate with this policy type, or click New if you wish to design a new one.
      
      Note: After you select these dec page options, the Dec Page button is enabled and you may create or edit your custom dec page (now or after you complete this screen). See Create Custom Dec Page for further instructions.

11. Double click inside the Policy Type Classification field and select one from the list. This feature is optional and user-definable.
    
    Policy type classifications are used to group similar policy types together for reporting purposes (only). TAM files these codes internally, and they are not displayed on the billing screen. They appear when a Book-of-Business or Production report is run or when sorted by Policy Type Class.
    
    Use these classifications to narrow the criteria or data requested when running a report. For example, TAM comes with a default policy type classification, CG. This code is used to classify a group of policies that relate to Commercial Property coverage, such as Commercial Fire, Property, Glass and Sign, Installation/Builders Risk, etc. or the types of business you are writing. When you run the Production Report and sort by policy type classification, all policies related to Commercial Property are grouped together on the report.
12. From the dropdown menu, select a Policy Term Default for policies of this type. The options include One year, Three months, Six months, Three years, or None.
13. Double click inside the Department Code Default field and select one from the list. You can also change this default at the Customer Activity Billing screen.
14. Click OK to save your changes. See Install Policy Types for descriptions of the other buttons available at the bottom of the screen.
15. If you selected Custom in step 9 and want to create a custom dec page for the policy type now, click Dec Page. See Create Custom Dec Page for workflow steps.
16. Click Cancel or select File > Exit to return to the Utility List.

Related Topics:

Create a Custom Dec Page Delete Policy Type Install Policy Types Revise Policy Type Install Benefits Policies