Servicing > Edit

Edit is used to edit an incorrect policy.

To Edit a Policy

1. On the Primary menu, click SEARCH.
2. Click the Details icon if the appropriate client.

3. On the Client menu, click SERVICING.
4. Select the Edit option.

5. Select an effective date for the edit by clicking the Calendar icon and selecting a date. The date can also be typed into the date box using the format: mm/dd/yyyy.
6. Enter a description for the edit.
7. Enter any notes to be included in the action memo area.

8. Select the policy to edit by selecting the appropriate policy in the Select column. The Generate Edit button will become available.
9. Click Generate Edit. The underwriting tab is displayed.

Important: If any units in this edit were updated at the client level and not propagated to the policy level, a dialog box is displayed showing the units that are out of sync. A code is displayed to indicate the type of change that was made. A = Add, C = Change, D = Delete. Select the check box next to the unit to update and the Update Selected button becomes available. The updates will be made to the selected policy.If the unit needs to remain unchanged, click the Skip button to proceed. The units skipped will be out of sync with the client level unit information.

10. When edits are complete, click Save Changes.
11. Once all changes have been saved, click Post Edit. When the edit is posted on the underwriting tab, the policy prior to the edit is stored in history and removed from the Policy Summary. The edited policy replaces the current in force policy. 

Note: If policy editing is incomplete do not select to Post Edit.  Policies that are in an Edit - Stage will display on the Policy Summary screen under the corresponding policy in a light shade of blue. 

Important: Upon posting, if the set up on the Invoice Defaults Tab requires the production credit to equal 100%, if production credit is not equal to 100%, a dialog box will be displayed requiring that production credit line items are corrected to equal 100%. Any income bearing line item must have a related production credit line item total of 100%.

If the set up on the Invoice Defaults Tab allows production credit greater than 100%, when posting the edit, and production credit is greater than 100%, the edit will post with no warning. If production credit is less than 100%, a dialog box will be displayed requiring that production credit line items are corrected to equal or exceed 100%. Any income bearing line item must have a related production credit line item total equal to or greater than 100%.

Tip: Should you be interrupted or lose your place while editing a policy, select Compare Policy: [On]. This will display a comparison of data from the current in force policy to the current editsand allow the view of what the differences are between the two.