Modifications

Modifications are objects that represent changes from the policy due to policy transactions. Every time one of these policy transactions is executed, a modification object will be created to contain important information about what has changed.

Modifications make it easy to see a history of a policy’s transactions. For example, you can take a policy’s policy modfications, order them by either effectiveTimestamp or issuedTimestamp, and enumerate then in a view for users.

Also, modfications give context to individual characteristics to help understand which policy transaction caused characteristics to change.

Data Types

Each primary policy object (a policy, exposure, or peril) has a set of corresponding modification objects as follows:

Policy Modification Names

The policy modification has a name, which depends on the type of the transaction, as follows:

Policy Modification Names

Transaction

Policy Modification Name

Policy Creation

modification.policy.create

Renewal

modfication.policy.renew

Cancellation

modification.policy.cancel

Withdrawl

modification.policy.withdraw

Lapse

modification.policy.lapse

Reinstatement

modification.policy.reinstate

Endorsement

Based on the name of the endorsement type