Declarations are created when a policy is created or endorsed.

Core Concepts

Dates

The title of the Declaration folder and file reflects the effective date.

A second date appears on each Declaration next to the signature block. This date is the transaction date, not the effective date of the change.


BriteCore Setup

Settings > Deliverables > Options

Show the Change in Premium and Fees on Amended Declarations

When checked, displays change in premium and change in fees rows on the amended Declaration.

Lines Module

Line Item Setup

  • Set where line items appear on the Declaration using Display on Declaration as
  • If a line item has category or supplemental question information you can hide that information on the Declaration using Do not display under Rating Information on the Declaration
  • If a line item does not have category or supplementation question information, you can show the item's limit and premium using Show limit and premium under Rating Information on the Declaration
  • When the premium of a line item is $0, you can
    • not display the line item using Do not display on Declaration when premium equals $0
    • show the word Incl. using Display the premium as "Incl" on the Declaration when premium equals $0

Rating Information Section

On the Declaration, category rating information is displayed in a separate section. This section, by default, is labeled Rating Information. Users can update this section's name for each policy type. For example, rather than Rating Information you may want to use the phrase Supplemental Declarations.

  1. Navigate to Lines > Effective Dates
  2. Select an effective date
  3. Select the state or province from dropdown list
  4. Click the pencil icon beside the policy type you'd like to edit
  5. Add the new rating information title in the Change rating information title for deliverable textbox
    The new title must be at least 2 characters long
  6. Click Change

Contacts Module

If an agency has an agency group, you can show the agency group name and address on the Declaration with agency name using Display Group Contact Information on the Declaration on the Agency Group's contact.

Database Only (Settings Table)

Declaration(s)

Show the word Declaration or Declarations on the deliverable. To update, set the value to declaration or declarations, and then run

#UPDATE settings SET value='' WHERE option='declarations'

Dec-Premium-Prefix

When a line item has rating information (e.g., categories), BriteCore displays the line item in the Rating Information of the Declaration. If there are multiple instances of the line item, each instance's rating information is grouped together. By default, an * denotes the beginning of a new group. When this setting is enabled, a ♦ replaces the *.

To retain the *, do nothing

To use the ♦, the value column of the setting must be blank. Run

#UPDATE settings SET value='' WHERE option='dec-premium-prefix'

Examples

Example wording

  • Example 1

Please read your policy closely.

The current Declaration replaces all previously issued policy Declarations, if any. Each policy period of one year beginning on the policy effective date and ending on the policy expiration date constitutes the policy period. This policy applies only to those coverages indicated below for the limit of coverage as shown and for which a premium has been charged. The limit for each coverage shall not be more than the amount stated for such coverage, subject to all the terms and conditions of this policy. The policy Deductible reflected on this Declaration Page applies to all property coverages unless otherwise stipulated within the policy language. Only one Deductible applies per occurrence. Your insurance policy includes all declarations pages, the policy form, policy jacket, and all applicable endorsements.

You are hereby advised that you must immediately notify the company of any change concerning this policy, including, but not limited to: a change in ownership, occupancy, or use of the insured property. Your failure to do so may result in loss of insurance coverage herein.

This policy does not cover damage from flood. For information about flood insurance, contact the National Flood Insurance program or your insurance agent, {agent} {agent_phone}.

{print_description}

  • Example 2

This replaces all previously issued policy Declarations, if any. This policy only applies to those coverages for which a limit of liability is shown and a premium charge is made. This limit of liability for each coverage shall not exceed the amount stated for such coverage, subject to all the terms of this policy.

The policy Deductible reflected on this Declarations applies to all property coverages unless otherwise stipulated within the policy language.

Billing Schedule - {billing_schedule}

{print_description}

  • Example 3

Please Read Your Policy Carefully

{print_description}

The current Declaration replaces all previously issued policy Declarations, if any. Each policy period of one year, beginning on the policy effective date and ending on the policy expiration date, constitutes the policy period. This policy applies only to those coverages indicated above for the limit of coverage as shown and for which a premium has been charged. The limit for each coverage shall not be more than the amount stated for such coverage, subject to all the terms and conditions of this policy.

The policy Deductible reflected on this Declaration Page applies to all property coverages unless otherwise stipulated within the policy language. Only one Deductible applies per occurrence.

When these * are contained in the limit fields above, they indicate either limits do not apply or are included in another coverage limit.

  • Example 4

THIS POLICY IS ISSUED ON THE ASSESSMENT COOPERATIVE PLAN

{print_description}

The current Declaration replaces all previously issued policy Declarations, if any. This policy applies only to accidents, occurrences, or losses which happen during the policy period shown above.

This policy applies only to those coverages indicated below for which a coverage limit is shown or for which a premium has been charged. Our liability for each coverage shall not be more than the amount stated for each coverage, subject to all the terms of this policy.

In case of a property loss, we cover only that part of the loss over the deductible stated below unless otherwise stipulated within the policy language.

* Contained in the coverage limit field indicates either a coverage limit does not apply to this item or a coverage limit is shown on another form attached to this policy.

The premises covered by this policy is located at the address shown below unless otherwise stated.

Provisions required by law to be stated in this policy: - This company is an Assessment Cooperative Fire Insurance Company having by-laws and special regulations relating to meetings of members, election of directors, rights and obligations of members and liability of members to assessment as printed on the second page hereof.

  • Example 5

NON-ASSESSABLE POLICY
This Declaration Page with the Policy Provisions Jacket and applicable endorsements completes the above numbered policy. This declaration page replaces all previously issued bearing the same policy number. Renewal declarations for successive policy periods are subject to rates, rules and forms then in effect and such declarations are not effective unless renewals are paid prior to end of preceding policy period.

{billing_schedule} payment plan

{print_description}

  • Example 6

The current Declaration replaces all previously issued policy Declarations, if any. The policy effective date and expiration date stated above constitutes the policy period.

This policy applies only to those coverages indicated below for the limit of coverage as shown and for which a premium has been charged. The limit for each coverage shall not be more than the amount stated for such coverage, subject to all the terms and conditions of this policy.

In return for the payment of the premium, and subject to all the terms of this policy, we agree with you to provide the insurance as stated in this policy. All fees are fully earned and will not be returned if this policy is cancelled.

This policy consists of the following coverage parts for which a premium is indicated. This premium may be subject to adjustment.

* Contained in the limit field indicates either limits do not apply or is included in another coverage limit.


FAQs

Does the Fees line always appear on the Declaration?
Yes, the Fees line appears even if the fees are $0.00.


Feedback

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