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FAQ ID # 72
Last Update : 2015/08/28
Rating : Not Rated
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Question / Issue
What does the * (asterisk) after the number in the term column mean on the Comparison screen?

Answer / Solution

Term column * indicator on the Comparison screen:

  1. The * (asterisk) next to  the number in the Term column on the Comparison indicates a feature called  Estimate Term Selected.
  2. This means that the term that was selected to rate may not be the term that some companies have available to rate.
  3. Those companies that have this indicator will display a calculated total premium on the Comparison screen equal to the term selected to rate. 
    • For example:  An annual term is selected, but some companies only have semi-annual terms available.  The total premium that will calculate for those companies is equal to 2 6-month policies.
  4. This will allow you to compare 2 6-month policies to an annual policy rate.
  5. If you do not want this feature turned on, you can turn it off by:
    • Clicking on the Gear menu and selecting Preferences.
    • Click on User on the left side.
    • Click on Rating.
    • Click on the Line of Business
    • Uncheck Estimate Term Selected
    • To close the screen, click on the Save button.
  6. When 1 of these companies that have a term indicator is selected, you will receive a warning message that the term selected is an invalid term and that the valid term will be shown.
  7. The Quote Breakdown screen will display the valid term available with payment plans for that term.


Direct Link to This FAQ
http://www.itcdataservices.com/support/CMPWFAQ/?f=72

Tags
* asterisk Term Comparison screen column

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