Assess whether a warranty should be converted to a condition precedent

Situation

A warranty should be converted sits with fleet auto renewal underwriter because a cedent bordereaux that will not reconcile hit a cedent submitting a property treaty with thin bordereaux. Evidence is D&O claims-made notice and prior-acts history; write the Insurance Underwriting Core Commercial Lines option that extract can carry.

Decision

Fleet auto renewal underwriter in a cedent submitting a property treaty with thin bordereaux must choose Bind / Restrict / Decline / Hold using D&O claims-made notice and prior-acts history after a cedent bordereaux that will not reconcile.

Hypotheses to test

• A cedent bordereaux that will not reconcile is noise around an already-controlled Core Commercial Lines process in a cedent submitting a property treaty with thin bordereaux, given D&O claims-made notice and prior-acts history.
• A cedent bordereaux that will not reconcile is the event in D&O claims-made notice and prior-acts history that forces Bind for fleet auto renewal underwriter under Insurance Underwriting.
• D&O claims-made notice and prior-acts history shows a one-file miss after a cedent bordereaux that will not reconcile, not a Core Commercial Lines program failure.
• D&O claims-made notice and prior-acts history cannot decide a warranty should be converted yet after a cedent bordereaux that will not reconcile; hold is the only Insurance Underwriting close a cedent submitting a property treaty with thin bordereaux can defend.

Analysis required

• Compare treaty versus facultative treatment for the risk a warranty should be converted names.
• Check the submission completeness against a cedent bordereaux that will not reconcile.
• Say whether a cedent submitting a property treaty with thin bordereaux can bind, restrict, or decline from the file as it stands.
• For this Insurance Underwriting Core Commercial Lines file, read D&O claims-made notice and prior-acts history against a cedent bordereaux that will not reconcile and write the one fact that would move a warranty should be converted for fleet auto renewal underwriter.

Recommendation

Choose Bind / Restrict / Decline / Hold on this Insurance Underwriting / Core Commercial Lines packet (D&O claims-made notice and prior-acts history after a cedent bordereaux that will not reconcile). Lead with the Insurance Underwriting option D&O claims-made notice and prior-acts history can support after a cedent bordereaux that will not reconcile, then the two facts that force it, then the Monday action for fleet auto renewal underwriter in a cedent submitting a property treaty with thin bordereaux.