Product Authorization: Defaults

 

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Underwriting Authority is also set at the Processor level when adding new users to the AMS. A user's Underwriting Authority cannot exceed that of its parent.

 

The Product Authorization Defaults page provides a place for you to set the default new business effective date and, if authorized,  the default underwriting authority for the current Sub-Producing Organization or Licensed Producer.

 

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To set new business defaults:

1. Enter the default New Business Effective Date.

2. For a Sub-Producing Organizations or Licensed Producers authorized for Property products, select the default underwriting authority. Property underwriting authorities include:

Underwriting Authority	Classic	Next Generation
Full	Processors having Full authority can override the Do Not Bind notifications generated by modernLINK and submit quotes requiring a valid underwriting exception	Processors can submit clean quotes for issuance. Quotes requiring an valid underwriting exception can be submitted for approval.
Standard	Processors can submit clean quotes for issuance. Quotes requiring an underwriting exception can be submitted for approval.	Processors can submit clean quotes for issuance. Quote requiring an underwriting exception can be submitted for approval.
Quote Only	Processors can only quote.	Processors can submit quotes for approval.
Submit to Underwriting	All quotes are submitted to the processor’s Underwriting Authority for approval.	All quotes are submitted to the processor’s Underwriting Authority for approval.

3. Click Next.

The Product Authorization Summary page opens. For a Sub-Producing Organization setup, all Processors added to the organization inherit the selected underwriting authority for Property products.

4. Follow the steps to review the Product Summary.