Editing this information requires administrative privileges.
The Update Underwriting Authority page provides a place for you to change a business entity's underwriting authority for one or more products.
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. |
To update underwriting authority:
Select products in the Available Products column, then click Add to move them into the Selected Products column (press and hold the <Ctrl> key while clicking to select more than one). To remove products in the Selected Products list, select the products and click Remove.
Select the authority from the Underwriting Authority list.
Underwriting authorities apply only to Property products. Authorities include:
Authority |
Description |
Full |
|
Quote and Submit |
|
Standard |
|
Click Save.
The Product Authorization summary opens.