Home > Policy Transactions > Endorse

Endorse

This section provides explanations of how to process an endorsement as well as Quicksolver's Canned Endorsement Wording feature.  

To process an endorsement:

1. Access the policy to endorse using Search.

2. Pause on the action menu next to policy.  Click Endorse.

3. Click the Transaction arrow to enter the transaction effective date in the Endorse dialog box.  Note:  Workers' Compensation also provides options to split the policy period and defer the additional/return premium to audit.  

4. Click OK. The policy appears in the workspace. The Transaction field displays the transaction effective date. The policy status displays Endorse.

5. Edit data required to endorse policy. 

6. Click Rate. 

7. When the Policy Premium Information appears, click OK.    Note: If the change made is considered a ‘tracked change’ (not applicable to Workers' Compensation), the applicable Policy Changes form will automatically fill with data describing the changes, and attach to the policy.  For further information on the Automated Endorsement Process including how to amend the automated wording, see Canned Endorsement Wording.

8. Click the Forms button on the lower tool bar to view, print or save forms. 

If the change made is not a ‘tracked change, a message will appear in the Policy Premium Information dialog as follows:  ‘CHANGES MADE ON THIS ENDORSEMENT TRANSACTION DID NOT GENERATE A POLICY CHANGES ENDORSEMENT’.  

In this scenario, the user can manually attach the Policy Changes form using the following steps:

1.       Select Policy Changes on the Policy menu for your product.

2.       On the Transaction Changes tab, select the desired form from the list.

3.       Complete the fields in the dialog box.  Note:  the system will automatically generate the endorsement number. 

4.       Click Rate. 

5.     When the Policy Premium Information appears, click OK.    

6.       Click Forms.  Locate the Policy Changes form to review or print.

A warning message is produced when an Endorsement Transaction is opened by a user that is active by another user.  This warning states that the policy is already open by another user.  After approximately two minutes, the second user is given the option to proceed with the endorsement or cancel the transaction.  

Note: This section does not apply to Workers' Compensation.

To return the policy to its data prior to beginning the endorsement, see Revert.

For out of sequence endorsements, see Out of Sequence Endorsements in the Frequently Asked Questions section of Online Help.

Canned Endorsement Wording

Canned Endorsement Wording automates the endorsement process. The changes made on the endorsement result in a tracked or non-tracked change.

Tracked Changes

If a change made by endorsement is a ‘Tracked Change’, a Policy Changes form will be automatically selected and filled eliminating the need to perform these actions manually. 

A Tracked Change is one the following:

• Endorsement of an item that is printed on the Policy Declarations (e.g.  Limit is Amended)

• Cancellation transactions

• Policy Reinstatements

When a Tracked Change is endorsed:

1. Edit data required to endorse policy. 

2. Click Rate. 

3. When the Policy Premium Information appears, click OK.

4. Click Forms.  Locate the Policy Changes form to review or print.

System generated Transaction Change instances can be opened by clicking on the Additional Information button. Opening an instance allows a user to:  

• Use System Wording (default)

• Select “Do Not Use System Wording” under Wording Option (allows manual entry of desired wording)

• Change the Endorsement Number 

• Elect to remove AP/RP information from showing on the Policy Changes form

Do Not User System Wording example

Non-tracked Changes

Some changes will not automatically generate a Policy Changes form (non-tracked changes).  In these instances, a message will appear in the Policy Premium dialog box notifying the user.  When this occurs, a form must be manually added by the user to document the changes made.   

To manually add an instance of a Policy Change form on the Transaction Changes tab, take the following action:

1. Select Policy Changes on the Policy menu.

2. On the Transaction Changes tab, select the desired form from the list.

3. Complete the fields in the dialog box.  Note:  The system will automatically generate an endorsement number.

4. Click Rate.  When the Policy Premium Information appears, click OK.

5. Click Forms.  Locate the Policy Changes form to review and print.