Assess whether prior-acts and notice issues make D&O unbindable as submitted

Situation

A cedent bordereaux that will not reconcile put property COPE data with missing construction grades in front of environmental liability underwriter in a middle-market account hitting umbrella attachment. This Insurance Underwriting / Treaty and Excess close is prior-acts and notice issues from property COPE data with missing construction grades, and the live options are Bind, Restrict, Decline.

Decision

Environmental liability underwriter in a middle-market account hitting umbrella attachment must choose Bind / Restrict / Decline / Hold using property COPE data with missing construction grades after a cedent bordereaux that will not reconcile.

Hypotheses to test

• Property COPE data with missing construction grades reads as Bind once a cedent bordereaux that will not reconcile is lined up to the same Insurance Underwriting population.
• Property COPE data with missing construction grades is closer to Restrict after a cedent bordereaux that will not reconcile; Bind would over-claim this Treaty and Excess extract.
• Decline is still live in property COPE data with missing construction grades for environmental liability underwriter in a middle-market account hitting umbrella attachment.
• Property COPE data with missing construction grades is missing the fact environmental liability underwriter needs after a cedent bordereaux that will not reconcile; stop this Insurance Underwriting close.

Analysis required

• Check the submission completeness against a cedent bordereaux that will not reconcile.
• Say whether a middle-market account hitting umbrella attachment can bind, restrict, or decline from the file as it stands.
• Test exposure, limits, and endorsement language in property COPE data with missing construction grades after a cedent bordereaux that will not reconcile.
• For this Insurance Underwriting Treaty and Excess file, read property COPE data with missing construction grades against a cedent bordereaux that will not reconcile and write the one fact that would move prior-acts and notice issues for environmental liability underwriter.

Recommendation

Choose Bind / Restrict / Decline / Hold on this Insurance Underwriting / Treaty and Excess packet (property COPE data with missing construction grades after a cedent bordereaux that will not reconcile). The follow-on Treaty and Excess action is what environmental liability underwriter does next: implement the option, assign an owner, and log the missing fact.