Submit Change to Structural Variable: Difference between revisions
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|title = 4. Review and Submit | |title = 4. Review and Submit | ||
|content = Review the changes for accuracy and completeness before finalizing.<br> | |content = Review the changes for accuracy and completeness before finalizing.<br> | ||
Once the effective date is entered, | Once the effective date is entered, a pro-rated premium amount might be displayed. | ||
* The "Abort" button will exit the process without saving any details. | * The "Abort" button will exit the process without saving any details. | ||
* The "Submit" button will create the policy change form and mark the policy with "'''Pending Change'''" and "'''Pending Payment'''" | * The "Submit" button will create the policy change form and mark the policy with a "'''Pending Change'''" (and "'''Pending Payment'''") flag. | ||
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|file = Img-proc-change-coverage-pending-message.png | |file = Img-proc-change-coverage-pending-message.png | ||
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|caption = The Policy Record will show Pending Payment and Pending Change | |caption = The Policy Record will show a Pending Payment (and perhaps a Pending Change) flag. | ||
}} | }} | ||
{{clear}} | {{clear}} | ||
The Policy Record will show Pending Payment and Pending Change | The Policy Record will show a Pending Payment (and perhaps a Pending Change) flag. | ||
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|file = Img-proc-change-coverage-pending-flag.png | |file = Img-proc-change-coverage-pending-flag.png | ||
|size = 700px | |size = 700px | ||
|caption = The policy in the Agency Workspace will show Pending Payment and Pending Change | |caption = The policy in the Agency Workspace will show a Pending Payment (and perhaps a Pending Change) flag. | ||
}} | }} | ||
{{clear}} | {{clear}} | ||
The policy in the Agency Workspace will show Pending Payment and Pending Change | The policy in the Agency Workspace will show a Pending Payment (and perhaps a Pending Change) flag. | ||
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|file = Img-proc-change-coverage-payment-agent.png | |file = Img-proc-change-coverage-payment-agent.png | ||
|size = 700px | |size = 700px | ||
|caption = | |caption = If necessary, the agent can submit a payment on the '''Billing and Payment''' page. | ||
}} | }} | ||
{{clear}} | {{clear}} | ||
If necessary, the agent can '''[[Premium Payment|submit a payment]]''' on the '''Billing and Payment''' page. | |||
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Revision as of 08:18, 12 March 2025
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This Equinox Procedure is for Agents. Find a complete list here. |
This procedure explains how agents can submit requests to change or correct the building details on an NFIP policy. Most structural variables determine policy rating, so premium may be impacted. Supporting documentation may be required.
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Procedural Steps
1. Access Policy Record
Open the Policy Record to start
Scroll down to the "Risk Characteristics" section manually.
2. Edit Risk Characteristics
Use the Edit button (pencil icon) in the upper right of the Risk Characteristics section.
The NFIP Structural Variables fields will all be open for editing.
This will open all NFIP structural variable fields for editing.
Make Adjustments to Structural Variables
These fields describe the physical details of the building, which can be changed over time due to reconstruction or disrepair.
- Building characteristics should be accurately represented on an NFIP policy.
- They can be corrected if they are not.
Required Documentation: Changes: proof of a change to the building, such as a photograph.
Required Documentation: Corrections: an agent statement that the item was incorrect on the original application.
Changes: the effective date is the date the change occurred (the event date).
Corrections: the effective date is the policy inception date.
Corrections: the effective date is the policy inception date.
Once all details are entered, click the "Save" button (move to Step 3 below).
3. Choose Effective Date
Scroll to the top of the page to enter the effective date.
- Choose "None" from the Waiting Period dropdown box.
- Determine and enter the appropriate date based on whether this is changing a building detail or correcting it.
4. Review and Submit
Review the changes for accuracy and completeness before finalizing.
If necessary, the agent can submit a payment on the Billing and Payment page.
Once the effective date is entered, a pro-rated premium amount might be displayed.
- The "Abort" button will exit the process without saving any details.
- The "Submit" button will create the policy change form and mark the policy with a "Pending Change" (and "Pending Payment") flag.
The system will not process the change immediately.
The Policy Record will show a Pending Payment (and perhaps a Pending Change) flag.
The policy in the Agency Workspace will show a Pending Payment (and perhaps a Pending Change) flag.
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This page contains details about NFIP Policy Changes. |