Bond Page Definitions (Agent User)
The bond page will display an array of information concerning the bond such as the basic bond configuration criteria, premium and penalty values, account and agency information, the answers from underwriting questions, etc.
The bond will then be able to have certain actions performed on it, some of them depending on the bond configuration set up.
In each section, you may click on the + to expand the section and display more information.
Bond Information
Action Status
Lists the action with the status of said action for this version of the bond.
Bond Version
States the version of the bond. This number increments for each renewal on the bond.
Bond Number
The number generated to identify the bond. This is set up for each carrier within the system.
Tracking Number
This is a unique identifier auto-generated for all bond applications which does not require a bond to first be purchased.
Bond Standing
Lists if the bond is currently in-force.
Bond Category
Name of bond category as part of the bond configuration.
State
Name of the State defined by the obligee’s address.
Obligee
Name of obligee as part of the bond configuration (Commercial Module) or the obligee selected at the bond application (Contract Module).
Responsible Underwriter
The assigned responsible underwriter for the bond. This is assigned automatically for Agent and Consumer type users, and selected manually by CSR and Admin type users.
Attorney in Fact
The assigned attorney-in-fact for the bond. This could be an agency or carrier attorney-in-fact.
Carrier Name
Name of carrier as part of the bond configuration.
Producer of Record
The assigned producer of record for the bond. These can only be agents enabled to be producers of record for the agency being used.
Bond User Version
State the version of the bond entered manually on the bond application. This is used to enter the version of the bond that had previously been outside of the system.
Bond Class
Name of bond class as part of the bond configuration.
Notes
Any notes added to this version of the bond.
Premium
Effective Date
Lists the date this version of the bond becomes effective.
Penalty
Amount of penalty for this bond.
Expiration Date
Lists the date the version of the bond expires.
Total Premium
The total amount of premium to be paid including the base premium and any taxes and/or fees.
Expiration Date Overridden
Notates if the expiration date has been modified.
Invoice Amount
The total amount charged (or returned if negative) for this bond action. This can be different from the total premium if subsequent actions have been taken on the bond which modify the premium amount.
Commission Amount Overridden
Notates if the commission amount has been modified and how.
Premium Base Overridden
Notates if the base premium has been modified and how.
Commission Amount
Commission amount for agency.
Base Premium
Lists the premium amount before any fees and/or taxes.
Commission Rate
Rate established to calculate the commission rate.
Billing Type
The type of billing used for this bond purchase.
Fees
Total amount of fees that are being charged for this bond purchase.
Taxes
Total amount of taxes that are being charged for this bond purchase.
Show Details
Displays the details concerning the calculation of the premium by tier, with the premium rate and rate modifiers; as well as the commission calculation.
Show Tax Details
Displays the calculation of tax charges being added.
Account Information
Account Name
Name given for the account. This is auto-generated if purchasing a bond without an existing account by the applicant (person or company) on the bond. If an account is created without a bond application, the name is entered manually during the account application process.
Account Number
The account number is a unique identifier for created accounts for easier searching.
Agency Information
The basic information for the agency used for this bond will be displayed for reference.
People
This section will list the people questions asked from the applications applied to the bond configuration. These are varied according to the bond configuration applications. If there are multiple people on this bond, these will be viewable in numbered tabs at the top of the section.
Companies
This section will list the company questions asked from the applications applied to the bond configuration. These are varied according to the bond configuration applications. If there are multiple companies on this bond, these will be viewable in numbered tabs at the top of the section.
Additional Question Groups
Additional question groups will be listed with their corresponding questions that are applied to this bond configuration as well as their corresponding answers. If there are multiple entries for an indexable question group on this bond, these will be viewable in numbered tabs at the top of the question group section.