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The Underwriting Exceptions page provides a place for you to view any overrides that were applied to underwriting rules by your Underwriting Authority. Additionally, authorized Underwriting personnel can use this page to add/remove/modify overrides.
The status of a quote requiring an override is Declined Risk. Not all conditions can be overridden. If override is an option, modernLINK informs you via a message, you save the quote and contact your Underwriting Authority via phone or diary to review it.
Note that in the image below the status of the quote is Rated after the override is applied.
Underwriting Exceptions fields include:
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Rule |
The description of the underwriting rule that was triggered/ |
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Type of Override |
Term: The override applies to the current term only. The rule will fire again at renewal provided the override has not been changed from Term to Lifetime. Lifetime: The override applies for the life of the policy. An underwriter can change from Lifetime to Term. While the override is "held" for the life of the policy, there are exceptions to this. If the data is revised, then the revised information is re-evaluated against the current applicable rule. |
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Overridden By |
Name of the Underwriting Authority who performed the override. |
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Date |
Date override was made/ |
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Comments |
Remarks indicating reason for override. |
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Action |
For authorized users, Save/Modify/Delete option. |
