Approved Renewal Application (Agent User)

Overview of the Renewal Application

If the renewal application is auto-approved or manually approved after a referral, a quote will be produced. Approved and quoted renewal applications will also be listed in the Pending Quotes search queue. The actions available for approved new bond applications are detailed below.

If it is determined by the applicant, agent, or other users that the bond application will not be purchased, the quote can be declined. This action is not reversible. In the case that the quote is later desired to be purchased, a new renewal application would need to be entered.
Within the application quotes are valid for a specific number of days, depending on a system setting. This setting can also be overridden on a bond configuration. After a quote expires, the DeclineQuotes background job will automatically decline these quotes once the job runs, either by the job scheduler or if done manually from the application.

Once approved, the renewal can be purchased. When purchasing the quote, the user will be prompted to specify the billing type for the renewal purchase, and the billing type to be the default for the next renewal purchase. The available billing types are determined from the settings for the bond configuration.

An electronic signature can be required for the renewal purchase. This is optional and is configured on the bond configuration. If this is enabled, the purchase cannot be made without the user checking the box for the electronic signature.
To then purchase the quote, click Submit at the bottom of the screen, or Purchase Quote From Renewal Application button at the top of the bond page.
Select Cancel to return to the quote without purchasing.
Once purchased, additional actions can be performed on the renewal.

Any quotes can be requoted, to make any additional changes to the renewal application before the purchase. This action will run the renewal application through the decision engine again, and therefore possibly auto-approve, refer, or auto-reject the renewal application. Once the requote action is taken, the user will be notified of the result.