Placing a Future Status Renewal In Force

Tip:  Do not place a future policy in force until the policy info tab is updated and all application edits are complete.

1. On the Primary menu, click SEARCH.
2. Click the Details icon of the appropriate client.
3. On the Client menu, click POLICIES. All in force policies for the client appear.  
4. Click the Details icon of the applicable line of business. Update the premium information on the policy info tab and make all edits to the application.
5. Click the In Force link on the navigation toolbar located just under the policy header. If a carrier association has been set up, the status of the association will be checked upon renewal. The carrier association will need to be active prior to placing the policy in force.
6. If a binder is needed select the Bound option and check the box beside Click here to create a binder. (See Creating a Binder).

7. Click Save to change the status to In Force. If a binder was selected, the status will be Bound, and the policy mode will remain as Renew or Re-new-Co. The policy now reflects an In Force status blocking any further modification without going through SERVICING.

Note: Once a policy has been invoiced the carrier cannot be modified during the current term unless the invoices are reversed.

8. The expired policy should be sent to history.  (See Sending an Expired Policy to History).

Related Topics

Sending an Expired Policy to History