Renewing a Policy

In this activity, you renew Melanie’s insurance policy for the upcoming year. You create a policy renewal based on the original issue policy and data.

Scenario

You sent a renewal notice to Melanie Henson, and she agreed to renew her policy. You spoke with the insuring company regarding premium increases. The insurer has set a 3% increase for all Commercial General Liability policies. Melanie’s projected sales again are $100,000. This year, Melanie does not require a second copy of the Commercial General Liability Coverage Form.

1. Choose File, New to display the Forms Selection window.
   
   
2. In the Transaction field, select Renewal.
3. In the Company field, make sure FormMaker Monoline is selected. The insurer remains the same as for Melanie’s initial policy.
4. In the LOB field, select General Liability. Melanie does not want additional insurance coverage for at least another year.
5. Click Retrieve to display a list of archived policies for the insuring company.
   
   
6. Click Melanie Henson's original policy to select it, then click Ok. The system retrieves and displays the original policy data and policy number in the Forms Selection window.
   
   
   Note: You may need to change the policy number for a renewal. Whether you can use the original policy number for a renewal depends on your system configuration. Check with your system supervisor for more information.
7. Type Henson, Melanie 2017 as the policy description. You can include dates or other information in the description to better track policies in your database..
8. Click Ok to display the original policy data in the Data Entry window.
9. Complete the required fields for the renewal policy, using the figures outlined in the table below. Remember to display field information. The field names given in the table refer to the information in the status bar. Try creating the renewal policy on your own. If you need help, refer to the steps for entering data; see Documaker Desktop User Guide for more information.

10. Print and archive the policy renewal. If you need help, follow the steps for completing a policy; see Completing the Policy.

Congratulations! You have successfully completed the tutorial. By completing this tutorial, you can now easily use and understand the system and its capabilities.

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