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

Situation

A cedent bordereaux that will not reconcile put umbrella underlying-limit adequacy memo in front of workers'-compensation product manager in a cedent submitting a property treaty with thin bordereaux. This Insurance Underwriting / Treaty and Excess close is prior-acts and notice issues from umbrella underlying-limit adequacy memo, and the live options are Bind, Restrict, Decline.

Decision

Workers'-compensation product manager in a cedent submitting a property treaty with thin bordereaux must choose Bind / Restrict / Decline / Hold using umbrella underlying-limit adequacy memo after a cedent bordereaux that will not reconcile.

Hypotheses to test

• Authorize Bind now; umbrella underlying-limit adequacy memo already has the discriminator after a cedent bordereaux that will not reconcile.
• Keep Restrict in force until umbrella underlying-limit adequacy memo is completed after a cedent bordereaux that will not reconcile for workers'-compensation product manager.
• Treat umbrella underlying-limit adequacy memo as Decline because both readings appear after a cedent bordereaux that will not reconcile.
• Refuse a Insurance Underwriting close: workers'-compensation product manager does not have the page prior-acts and notice issues turns on in umbrella underlying-limit adequacy memo.

Analysis required

• Compare treaty versus facultative treatment for the risk prior-acts and notice issues names.
• Check the submission completeness against a cedent bordereaux that will not reconcile.
• Say whether a cedent submitting a property treaty with thin bordereaux can bind, restrict, or decline from the file as it stands.
• For this Insurance Underwriting Treaty and Excess file, read umbrella underlying-limit adequacy memo against a cedent bordereaux that will not reconcile and write the one fact that would move prior-acts and notice issues for workers'-compensation product manager.

Recommendation

Choose Bind / Restrict / Decline / Hold on this Insurance Underwriting / Treaty and Excess packet (umbrella underlying-limit adequacy memo after a cedent bordereaux that will not reconcile). The follow-on Treaty and Excess action is what workers'-compensation product manager does next: implement the option, assign an owner, and log the missing fact.