Add a Coverage Code

You can add a coverage code to your system at any time. Coverage codes, also know as Line of Business (LOB) codes, identify types of policies and associate the code with the appropriate ACORD LOB code.

Prerequisites

You must link any coverage code that you add to your database to the appropriate pages and forms using the Policy Information Control (PIC) page. For more information, please see Policy Information Control Page. You must associate any Coverage Code that you add with an existing Major Line Code.

About the ACORD LOB Code and ACORD Sub-LOB fields

The ACORD LOB Code and ACORD Sub-LOB fields are two optional fields on the Generic Code Maintenance Page. You are not required to complete them.

The ACORD LOB Code:

  • organizes your policy database, connecting the coverage codes you create to the ACORD electronic standard for the Line of Business.

  • is used for multi-company interface and integrated rating.

Example: The ACORD LOB code for private Passenger Automobile is AUTOP; with the ACORD Sub-LOB Code field blank. To create a code for a specialized automobile line such as Assigned Risk Plan (ARP), enter:

ACORD LOB Code: AUTOP
ACORD sub-LOB Code: ARP

Use the ACORD sub-LOB code to identify product classification and further refine the LOB code.

To add a coverage code

  1. From the Sagitta Home Page, select Other.

  2. Select Maintenance > Miscellaneous > Generic Code Maintenance. The Generic Code Maintenance page appears.

  3. Enter the File Name (COVERAGES).

  4. In the Code field, enter the new code that you want to add.

    You can enter a maximum of three alphanumeric characters.

  5. In the Description field, type an explanation of the code.

  6. In the Major Line Code field, enter the three-digit abbreviation for the Line of Business associated with this coverage code. You can use the Lookup icon to search for a valid code.

  7. Complete the remaining fields on this page. Refer to Generic Code Maintenance Page if you need additional help in completing this page.

  8. When you have filled out the page completely, click Save or press ALT+S to save the Coverage Code.