What is Shop and Producers in Guide Wire Online Course?admin
Review ; Accounts
A. Single Person can be associated to multiple accounts
B. Account could have many, one, or zero policies .
The producer is a Middle man who connects accounts to carriers
A. May work with multiple carriers and know which one is best for applicants needs.
B. Can Pre-Qualify applicant to ensure it makes sense for underwriter to offer quote .
A Contact is a person or a company . A Contact; May need to be contacted for policy information May be named on one or more policies.
PolicyCenter stores contact information on policies and accounts; this gives user the flexibility to manage, group and reuse contact information throughout the application. Users can define and maintain contacts
at the account level and use them across polices. A user can have policy specific contact role information added at the policy level. Users can also enter and edit contact information on a policy, and have it update the account and unbound policies in the account.