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Guidewire PolicyCenter Professional Exam 2024-2025. Questions & Correct Answers. Graded A, Exams of Computer Science

University of RoehamptonComputer Science

Guidewire PolicyCenter Professional Exam 2024-2025. Questions and Correct Answers. Graded A

Typology: Exams

2024/2025

Available from 02/06/2025

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Guidewire PolicyCenter Professional Exam 2024-2025.
Questions and Correct Answers. Graded A
2 Ways to create documents โ€“ ANS
1. Upload an electronic file to the Document Management System
2. Create a new doc using a PC template, creating a local copy on the Document
Production system, ultimately uploaded to the Document Management System
3 levels of assignment for external users โ€“ ANS
1. fully restricted - only access to their own org
2. protect internal - can be assigned producer codes from any external org
3. allow internal - allow access to internal or external orgs
3 statuses of policies getting renewed โ€“ ANS Renewed
Not Taken
Non-renewed
4 types of info in a security dictionary โ€“ ANS A series of HTML pages documenting
roels and permissions for the application
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Download Guidewire PolicyCenter Professional Exam 2024-2025. Questions & Correct Answers. Graded A and more Exams Computer Science in PDF only on Docsity!

Guidewire PolicyCenter Professional Exam 2024-2025.

Questions and Correct Answers. Graded A

2 Ways to create documents โ€“ ANS

  1. Upload an electronic file to the Document Management System
  2. Create a new doc using a PC template, creating a local copy on the Document Production system, ultimately uploaded to the Document Management System 3 levels of assignment for external users โ€“ ANS
  3. fully restricted - only access to their own org
  4. protect internal - can be assigned producer codes from any external org
  5. allow internal - allow access to internal or external orgs 3 statuses of policies getting renewed โ€“ ANS Renewed Not Taken Non-renewed 4 types of info in a security dictionary โ€“ ANS A series of HTML pages documenting roels and permissions for the application
  1. Application permission keys
  2. Pages (in UI)
  3. System Permissions
  4. Roles A Policy Line contains: (5) โ€“ ANS
  5. Exclusions
  6. Conditions
  7. Modifiers
  8. Coverage
  9. Forms Actions related to a Contingency (3) โ€“ ANS
  10. Changing the policy
  11. Cancelling the policy
  12. Cancelling and rewriting the policy Activity Lifecycle (5) โ€“ ANS
  1. Enter Audit Details
  2. Calculate Premiums
  3. Submit - Audit Non-editable BA challenges with documenting functional requirements (7) โ€“ ANS
  4. Identifying and defining the business requirement
  5. Taking a business requirement to the feature level
  6. Breaking down features into user stories
  7. Prioritizing and Planning user stories
  8. Analyzing "what if" scenarios or edge case management
  9. Identifying impacts to other systems
  10. Writing testable requirements Best practices in documenting functional requirements (5) โ€“ ANS
  11. Create testable requirements
  12. Never document a requirement in more than 1 place
  13. Document only what you want the system to do (not what you don't want)
  14. Keep track of all stories associated with a feature
  15. Always review a requirement with the team prior to implementation

Blocking point - ANSStops the progress of a job until an issue is approved (some issues can be informational (non-blocking) Checking set - ANSA point in the job where issues can be raised (Pre-quote, Bind, Pre-issuance) Clauses and subclauses - ANSThese are groups of coverages A clause can have 1 or 0 parents clauses A clause can have multiple subclauses of multiple levels Color codes in sotry cards - ANSDark Green - Coverage attributes Light Green - Coverage Term Attributes Lightest green - Coverage Term Option attributes Components of UW authority - ANSUW Issue - a specific occurance on a policy transaction where an UW condition was true. Created when a condition gives

Deploying UW Rules (Dev vs Prod server) - ANSDev:

  1. Draft (rules have been created but not complete or tested)
  2. Staged (tested and ready for deployment) Prod:
  3. Approved (Rule is ready for Deployment)
  4. Deployed (Rule executes) Document Management System - ANSStore documents stores the doc itself and a meta file (info about the document, like Author) Each doc has a MIME type (tells you whether you can use Word, Adobe, etc to open the file) Document Production - ANSCreate a draft document by merging Template with Field Values

Endorsement numbers - ANSIndicates the order that a form was added to the policy (apply to a specific policy period (sequential starting at 1) Examples of PC functional requirements (6) - ANS1. Product - coverages and coverage terms

  1. Rating - Costs for coverages
  2. UI - screens and fields
  3. UW issues - business rules within business framework
  4. Validation rules - screen edits within the business rules framework
  5. Roles and Permissions - collection of granular tasks in PC mapped to a job function or title External systems PC can be integrated with (8) - ANS1. Broker Management System
  6. Customer Communication System
  7. Reporting System
  8. Esignature system
  9. Document Production
  10. Contact Management
  11. Rating Engine System

Form Pattern - defines metadata about a form and the inference logic (the define valid forms the system can infer on a policy) The actual Form content is created by a Document Production System (DPS) The created form content is stored in a Document Management System How can managers and supervisors see what is going on with the users in their groups? - ANSThe Team Tab allows them to see all jobs and activities grouped by time and status. They can mass reassign activities, and jobs, and can view policy transactions by role or activity Can view by role or by activity How can UW issues be created? (2) - ANS1. Rule conditions can be created in the UW Rule UI, more complex conditions can be written in gosu

  1. UW issues can also be created manually on the UW Issues screen (can not be removed automatically How to delegate role management to external users - ANSUse the "User admin role" The can have access to ao build groups, org and permissions for their own orgs but not others How to override an automatic renewal - ANSPre-configure renewal directions - this puts the expiring term into either automatic nonrenewal or manual renewal Info you need to write Forms requirements (9) - ANS1. Form number
  2. Edition
  3. Name on the form
  4. Transactions for which the form applies
  5. Availability
  6. Start and End dates
  7. UW company
  8. Inference for the form
  1. Open current UI screen in studio - Alt + Shift + E
  2. Navigate File - Ctrl + Shift +N List of Policy Lines (8) - ANS1. Personal Auto
  3. Commercial Auto
  4. General Liability
  5. Homeowners
  6. Business Owners
  7. Inland Marine
  8. Commercial Property
  9. Worker's Comp Notes Fields - ANS1. Topic
  10. subject
  11. Security Level (Unrestricted, Internal, Sensitive)
  12. Text Notes vs Documents - ANS1. Notes - written in plain text, created by user or through Gosu and stored in the PC Database
  1. Documents - more complex, might be PDF, Word, Excel, etc. May be stored in the PC Database, or in Document Management System Parallel rating - ANSrates coverables in parallel using multiple threads Parts of a rating engine (5) - ANS1. Rate tables
  2. Rate table definitions
  3. Rate book
  4. Rate routines
  5. Parameter set PC areas of configuration - ANS1. Product/Data model
  6. Application Logic
  7. UI
  8. Integrations Also split into:
  9. Products
  10. Processes
  1. History - view and search historical events pertaining to policy
  2. Financial Transactions - an internal tool used for rating while developing the application (only people with the "InternalTool" permission can see this screen Preemption - ANS2 transactions are initiated from the same base period - a transaction starts while another is in progress The first job that finishes/gets bound "wins out" and the losing job has to be modified to handle the preemption Premium Audit Methods - ANS1. Physical
  3. Phone
  4. Estimate
  5. Voluntary Premium Audit Roles - ANS1. Premium Auditor - may edit the audit summary and details
  6. Audit Examiner - verifies the accuracy of the audits, calculates the premium, completes the audit
  7. Audit Supervisor - can track outstanding audits and audit activities

Premium Report General Steps (6) - ANS1. Schedule Premium reports

  1. Audit task batch process starts each premium report
  2. Send the report to the insured to get audit basis
  3. Enter report data received and calculate premium
  4. Billing system notified with payment received
  5. Billing system reconciles amount received with PC amount and makes necessary adjustments Process for rating - ANSWhen you quote, PC will invoke the rating engine, which selects a rate book The rating engine calls a rate routine for the cost of a specific item The engine then puts together a worksheet with the calculated results Rate books - ANSA group of rate tables and rate routines

Rewites - ANSYou must cancel a policy to rewrite it Full term rewrite (discards the original policy and policy term) Mid term rewrite (retains part of the original policy) Rules for groups (5) - ANS1. Users can belong to more than 1 group

  1. An internal user can be assigned a producer code for any org
  2. External users must be associated with an org
  3. If Producer Code Security is set to "Yes" the user can only use their role permissions against policies with a matching producer code, even if they have a larger set of permissions available through their roles
  4. "Misassigned" category is for jobs assigned to groups but to an invalid user. Activities and jobs can be mass reassigned. Samples of forms (5) (4) - ANS1. declaration sheets - a summary of all exposures and coverages
  5. Base forms - attached regardless of what coverages or exposure units are selected
  6. Additional coverage forms - add additional coverage
  7. Exclusion forms - limit forms
  1. Manuscript forms - blank forms with space for free text High level:
  2. Policy forms form PC
  3. Invoices from BC
  4. Delinquency Letters from BC
  5. Notification letters of new claims from CC Schedules - ANSLists of detailed info about an insured coverables (ex. list of jewellery) Security in PC (2) - ANS1. Role based security - a role is a named collection of permissions that typically map to a jo function or title
  6. Date based security - defines what data can be access and typically managed through producer codes Steps to add a generic schedule to LOB (3) - ANS1. Create a generic schedule data model for line