Equine Plan Setup

Each company providing Equine Mortality coverage has specific plans for insuring horses. Use Equine Setup to enter each company's plan selections. Once you enter a plan, you can use it as the System Data Entry form to associate with a line of business in Line of Business Setup or as the form to use when you enter a line of business in policy data entry.

If you'd like a plan name to appear on the policy, you can set it up using Company Plan Setup.

Fields in Equine Plan Setup

Click New (or Edit) and enter the following information. When finished, click Add (or Update). The updated information appears in the associated grid. To add multiple entries, repeat this procedure.

Equine Plan Name	Type a unique name for the plan.
Horse Sex Setup	Sort #: This the order the sex descriptions appear in the list. Sex Description: Type a description for the sex of the horses. Example Gelding, Filly, Mare, Stallion, etc. Sex Code: Type a two (2) letter code that identifies the sex description.
Horse Age Setup	Sort #: This the order the age descriptions appear in the list. Age Description: This is a required field. Type a descriptive age. Example Birth to 31 days, 1 - 2 years, etc. Age ID: Type a two (2) letter code that identifies the age description.
General Breed Setup	General Breed Name: Type a general breed name. Example Appaloosa. General Breed ID: This is a required field. The General Breed ID must be unique. Sort #: This is the order the General Breed Names appear in the list.
Specific Breed Setup	Specific Breed Name: Type a specific breed name. Example Spotted Appaloosa. Specific Breed ID: This is a required field. The Specific Breed ID must be unique. Sort #: This is the order the Specific Breed Names appear in the list.
Primary Use Setup	Use Description: This is a required field and must be unique. Sort #: This is the order the Use Description appears in the list. Low Value and High Value: Low value and high value are type-in fields. These fields are not required. If a value is entered for each, the low to high value is displayed in a label next to limit after the use is selected. Eligible Sexes: Select a sex from the list. The sexes pull from the Horse Sex setups. Eligible Ages: Select an age from the list. The ages pull from the Horse Age setups. Comments: Use this field to enter any additional comments about the use of the horse, if applicable.
Breed Use Rate Mapping	Rate and Coverage setups use an effective and termination date for historical purposes, because companies occasionally change their rates. Any setup option where the Effective Date is in the future and the Terminate Date is in the past is not available. General Breed, Use, and Rate are required fields. General Breed: This list includes breeds setup up in the General Breed Setup section. Select a breed from the list. Sort #: This is the order the Use rates appear in the list. Use: This list includes the uses set up in the Primary Use Setup section. Select a use from the list. Rate: Type the rate for the type of use. This rate is provided by the company. Type the rate as a decimal. Example 3 1/4 % is entered as .0325. Effective Date: Type the effective date of the rate. If the date is in the future (based on the transaction date), the rate does not plug to the application. Terminate Date: Type the date the specific rate terminates. If the date is in the past (based on the transaction date, the rate does not plug to the application.
Eligible Coverage Setup	Coverage: Select each coverage that applies to each horse. The coverages available are those that are entered in 360 Toolbox > System Administration > Customer/Policy Setups > Coverages. Sort #: This is the order the coverages appear in the list. Low Age and High Age: Select a low age and a high age from the list. These fields are not required and can be left blank. Eligible Uses: This list includes uses set up in the Primary Use Setup section. Select one, all, or several uses. Effective Date: This is a required field. If a coverage effective date is in the future, the coverage does not appear in the list. Terminate Date: This field is not required. If the field is left blank, it is assumed that coverage is allowed. If a coverage terminate date is in the past, the coverage does not appear in the list. Value of Premium: Included: Indicates no additional premium charge for the coverage. This is the default. Flat Amount: Type a whole dollar amount. Percentage: Type a percentage. Percentage must be formatted as a decimal, allowing 4 places to the right of the decimal point. Example .025
Over-Age Setup	This setup table is designed to address the rating and valuation issues associated with over-age animals. Age: Age pulls from the Age Setup section. Select the age from the list. Sort: This is the order the ages appear in the list. Rating Factor: Type the Rating Factor as a percentage, formatted as a decimal. This percentage is added to the full mortality rate for a horse whose age and breed is equal to an age and breed with a factor in the table. Example If the normal rate is .04 (based on the Breed Use Rate table), and the Over-Age Rating Factor is .025, the rate displayed on the horse is the sum, .065. This summed rate is used in the premium calculation. If there is no base rate set up in the table for the Breed Use combination, the base rate of 0.00 is added to the Over-Age rate. Value Reduction: This is only applicable to the full mortality rate and does not apply to additional eligible coverages. Type the Value Reduction as a percentage, formatted as a decimal. The Over-Age Value Reduction calculation is a percentage of the limit, rounded to the nearest whole number. This percentage is applied against the limit of a subject horse whose age and breed are equal to an age and breed with a factor in the table. In the case of multiple years, the reduction is based on the original limit, which is stored in the Horse table. Example A horse turns 10, which gives it an Overage Reduction of 10%. The limit goes from $10,000 to $9,000. The next year when the horse is 11, the Overage Reduction is 20%. The original $10,000 limit becomes $8,000. This changed limit is used in the premium calculation. General Breed: General Breed pulls from the General Breed Setup section. Select a breed from the list.
Premium Tax by State	Some states charge a premium tax. The tax is a percentage of the premium, and is applied against the total policy premium. AMS360 cross-references the customer address against the taxes set up in this section and applies the appropriate tax rate if a match is found. The tax rate can vary by plan. State: Select a state from the list. Tax Description: Type a description of the tax, if applicable. Tax Rate: Type the tax rate percentage as a decimal. Example .08