Apply a Regional Surcharge
This example shows the configuration of basic surcharge rule that applies a surcharge on the base premium, depending on where the person or object is registered.
In this example the schedule definition includes additional logic to evaluate the state on a person’s living address.
Step 1 - Setup Time Period
The first step is to set up the time period that governs the 'condition' columns on the adjustment rule. In this example, the conditions are the 'from' and 'trough' columns for the deductible.
Time Period | ||
---|---|---|
Name |
Start |
End |
Calendar year 2020 |
01-01-2020 |
12-31-2020 |
More time periods can be set up later, for example, to specify that from calendar year 2021 going forward other states will be included in the surcharge schedule that were not included before.
Step 2 - Setup Deductible Logic to Compare the Country Region
The second step is to set up the logic that compares the person’s country region to the values in the surcharge rule.
Dynamic Logic Condition | |
---|---|
Code |
Logic |
EVALUATE STATE |
return person.addressList.asOf(lookUpDate).countryRegion .code = surchargeRule.state |
Step 3 - Setup a Schedule Definition
The next step is to set up a schedule definition.
The schedule definition controls which columns the surcharge rule shows in addition to the columns for the value and value type.
Add a single column (dimension) for the state of residence.
The dimension name has to be the same as the name used in the dynamic logic condition, that is, surchargeRule.state
.
Schedule Definition | |||||
---|---|---|---|---|---|
Code |
Description |
Type |
Surcharge Rule Evaluation |
Distribute? |
Line or Rule Evaluation Condition |
TX_STE |
State Tax |
Surcharge |
On Premium |
Y |
EVALUATE STATE |
Schedule Dimensions | |||||
---|---|---|---|---|---|
Header |
Name |
Type |
Parameter |
Dyn Field |
Usage |
State of Residence |
state |
Generic |
- |
- |
Value |
Now that the schedule definition has been created, a new surcharge type has become available. The next step is to set up surcharge rules the new type.