Commercial Blanket Updates

 

Note: This update is part of the AMS360 20R2 release. Navigate to the AMS360 2020 20R2 Release Notes to review other enhancements and fixes that were part of the release.

We have updated the commercial blanket coverage on a policy to meet the current ACORD standard. This includes adding a separate section for creating blanket coverages with blanket numbers, adding an ability to select a blanket number on a location/building in the premise section and have the blanket data auto-populate to that premise. We also updated the AL3 import and export functions. Old style blankets in the premise section remain as legacy information but do not import or export.

Commercial Blanket Updates

  • We have added fields to the new Commercial Property Blanket Section in the Policy winform.

  • Blankets will be entered in this new section.

  • Columns:

    • Blanket #

    • Blanket Type

    • Amount

    • Cause of Loss

Commercial Property Blanket: New Section

  • For Blanket coverage:

    • We added a Blanket Number column

    • Now, most fields will auto-populate

  • The Type column has been removed for blankets.

  • Existing blankets will remain unchanged, but you will not be able to export or import the info.

Additional UI Updates

  • Commercial Property Blanket section:

    • New fields have been added

    • New Additional Cause of Loss section has been added

    • In the premise section when a blanket number is entered, the fields below will be auto populated with the corresponding information

      • After the initial load, changes must be done manually

    • Changes to any Premise data will not update the CPB section blanket

Commercial Property Blanket

Additional Causes of Loss

Updated Property Codes

  • Add Subject of Insurance Codes (SOI):

    • Accounts Receivable Uncollectable

    • Appurtenant Structures

    • Barn

    • Dwelling

    • Equipment Breakdown

    • Fine Arts on Exhibit

    • Fixed Equipment

    • Hazard Substances

    • Outbuilding (Farm)

    • Shade Structure

  • Add Blanket Types:

    • Building

    • Building and Contents

    • Building, Personal Property and Business Income

    • Contents

    • Other

    • Tenants Improvements and Betterments

    • Time Element

  • Add Coverage Codes (COL):

    • Extended Coverage (old plan)

    • Spoilage Breakdown

    • Spoilage Power Outage

  • We have copied the Blanket section info to the Commercial Property Blanket section.

    • You will still be able to see this info in the premise section, but you cannot export this info

  • You will assign a blanket number to a location that will carry that blanket coverage.

Before and After: NPR

Convert SOI to Blanket Type for Existing Blankets

  • The NPR process will make these updates in the new Commercial Property Blankets section:

    • A blanket will be created from an existing old type blanket in the premise section

    • The SOI will convert SOI to Blanket Type per the table below, any SOI code not in the table will convert as OTHER

    • A Blanket Number will be assigned

  • The user will need to assign a blanket number to the property rows that should have that blanket coverage. And create new blankets, as required.

ACORD Blanket Type List (and Convert from SOI)

  • The export function sends the Blanket Number and Blanket Type to the correct elements in the 6SOI blanket and property groups for all the Blankets and Properties on the policy.

  • The AL3 tree structure aligns with ACORD standard.

Blanket # & Type

6SOI under 5LAG01 = 0000 for Blanket

6SOI under 5LAG01 = 000X for Property

  • The import function has been updated to pull in the Blanket Number and Blanket Type elements from the 6SOI blanket and property groups and populate the policy.

  • The AL3 tree structure aligns with ACORD standard.

  • Import from Blanket 6SOI:

Blanket # & Type

  • Import from Location 6SOI:

Premise

The blanket now displays in the BLANKET SUMMARY section (with the blanket number, amount, and the blanket type description).

  • PREMISES INFORMATION now displays the blanket number
  • PREMISE INFORMATION no longer maps blanket premise

ACORD Form

  • When the application contains more than 4 blankets, the additional blankets will overflow to the 101 form

ACORD Form 101