Quote Options

A single master cover can generate multiple quotes with entirely different settings for Insurers, Rates, Insuring Conditions, Limits, and Deductibles.  When quotes are calculated for a submission, all configurations are calculated and the valid quotes are presented to the user.  The user can select a quote and either bind the policy or request that the policy be bound.

If only one quote option is defined ("Default Quote Option" may already exist), the system automatically uses that option.

Adding a Quote Option

With the master cover selected, click the Quote Options item in the Screens widget.  For instructions on finding and viewing a master cover, see the section on Viewing and Modifying a Master Cover.

The Quote Options panel displays all options defined for the current master cover.

1. Click Create.  The Master Cover - Quote Option page opens.



Product	Identifies the product associated with the master cover.
Status	Identifies the current status of the master cover.

2. Fill in the necessary information.

   

   Name	Enter the name of the quote option.
   Code	The code is automatically generated when the quote option is saved.
   Description	Enter a description for the quote option.
   Policy Term Type	A Quote Option can apply to either a New Business or Renewal policy or and ERP Endorsement policy term.
   	All existing quote options will display New Business or Renewal. For all new quote options the Policy Term Type field is available for users to select which Policy Term Type is applicable.
   Quote Group	A Quote Group can be selected, but is not required.  Selecting a group allows related quotes to be displayed together in the Quote Summary window, and can even be filtered to only display the lowest quote in the group.
   Trigger Name	A trigger can be selected to control whether the quote option should be available.  If the trigger validates as false during quote calculation, the option will not be available for selection.  If no quote options are available, the user will not be able to proceed with the submission process.
   Sequence	Enter a sequence number to control the order in which the quotes are displayed in the Quote Summary window.  Quotes without a sequence number are displayed first, following by numbered quotes in ascending order.  If two or more quotes have the same sequence number (or no sequence number), those quotes are sorted from lowest calculated premium to highest.  If quotes are included in a Quote Group, the sequence applies within the group.

   Tip: It is advisable to leave gaps between the sequence numbers, such as 5, 10, 15.  This allows new items to be added to the list at a later date, inserted between existing items.  Otherwise, the sequence numbers of existing items must be changed to allow for the new addition.

3. Click Add to save the option.  The Payment Plans and Image panels are added.



The Payment Plans panel allows one or more plans, defined in the Payment Plans section of the Billing Entity Menu, to be assigned to the current quote option.  If more than one payment plan is available, the user can select a plan when they select this quote option.  Click Add to configure a new payment plan.  The Payment Plan window opens.

The Payment Plan window is used to configure a payment plan to be attached to the current quote option.

4. Complete the necessary information. Fields marked with a red asterisk * are required.



Payment Plan	Select one of the available plans.
Name	This name of the plan is automatically copied in, and cannot be changed.
Code	This code of the plan is automatically copied in, and cannot be changed.
Description	This description of the plan is automatically copied in, and cannot be changed.
Sequence	Enter a sequence number to define the order in which the payment plans are displayed to the user.  Plans without a sequence number are displayed first, following by numbered plans in ascending order.
	Tip: It is advisable to leave gaps between the sequence numbers, such as 5, 10, 15.  This allows new items to be added to the list at a later date, inserted between existing items.  Otherwise, the sequence numbers of existing items must be changed to allow for the new addition.
Trigger	A trigger can be selected to control whether the current payment plan should be available to the user.  If the trigger validates as true, the plan becomes available.



The Transaction Payment Start Date panel allows the result of a calculated field to determine the payment schedule start date. A list of available calculated fields will be displayed in the drop-down menu for each of the Transaction Types displayed.

5. Select an action.

   • Click Save to save the configuration and remain on the page.
   • Click Save & New to save the configuration and clear the form for a new entry.
   • Click Save & Close to save the configuration and return to the Quote Option page.
   • Click Delete to delete the current configuration and return to the Quote Option page.
   • Click Close to close the window and return to the Quote Option page without saving the configuration.

   

   The Image panel allows an image file to be uploaded for each quote option.  The image serves as the identification for each quote, so suitable images should be provided for all quotes.

   Click Browse to open a standard file selection box.  Locate and select the file, and the full path and filename appears in the Image File field.

   Click Save Image to upload the file.  A preview of the image is shown.  Click Delete Image to delete the currently attached image.

   Notes:  

   The display area for the image is 90 pixels wide and 60 pixels high.  Images smaller than this area are centered along the top.  Images larger than this area are scaled down to fit.

   For the best quality, the image should be scaled down using image editing tools before being uploaded.

   If the preview does not appear after clicking Save Image, check that the uploaded file is a valid image file.

6. Click Save to save the option but remain on the page, click Save & Close to save the option and return to the quote options list, or click Close to return to the quote options list without saving the option.

Viewing and Modifying a Quote Option

Note: Once the master cover has been set to Live and a submission has been created, the existing selection of quote options should not be modified.  New quote options can be added instead of altering the existing ones.

With the master cover selected, click the Quote Options item in the Screens widget.  For instructions on finding and viewing a master cover, see the section on Viewing and Modifying a Master Cover.

The Quote Options panel displays all options defined for the current master cover.

1. Click a link in the Name column to view the option details.
2. See the section on Adding a Quote Option for a detailed description of the fields.  All fields may be edited, if necessary, except for the Code field.
3. The Payment Plans grid displays all plans attached to the current quote option.  Click a link in the Name column to view and edit the settings for the selected payment plan.

Make any necessary changes to the plan settings, then click Save to save any changes and remain in the window, click Save & Close to save and close the window, or click Close to close the window without saving any changes.  Click Delete to remove the payment plan from the quote option.

4. Back on the Quote Option page, click Save to save any changes and remain on the page, click Save & Close to save and return to the quote options list, or click Close to return to the quote options list without saving any changes.