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Adding Rating Territories for Tracking Two Percent Rule

Add rating territories if tracking the 2% rule in required states (NY, NJ and HI).
The states of New York, New Jersey and Hawaii have two-percent limitations on motor vehicle insurance termination's. Policy Terminator provides calculation of these limitations based upon policies written for particular territories or zip codes within these states. Policy Terminator® provides three levels of 2% tracking:
  1. Disable - Prevents the tracking of notices that fall under the 2% rule
  2. Loose - Tracks notices that fall under the 2% rule and notifies the user when the 2% limit is about to be exceeded but will not prevent the generation of the notice.
  3. Strict - Tracks notices that fall under the 2% rule and prevents the user from generating a notice when the 2% limit has been reached.
note
In order for the Loose and Strict settings to work properly, the
2% Policies Written
 table must be populated.
  1. Select the NAIC Name from the drop-down list. This is the name of the carrier.
  2. Enter the appropriate Territory. This field displays the insurer's rating territory for the applicable state.
  3. Select the State from the drop-down list or scroll down to the desired entry and click the Tab key.This field displays the applicable state(HI,NJ,NY) for the 2% rule.
  4. Select the
    Year
     for the year the 2% rule applies. This year should be the last full calendar year.
  5. The
    Policies Written
     displays the number of policies written by the selected carrier for the year selected.
  6. The
    Notice limit =
     displays the total number of notices that can be generated.
  7. The
    Current Count
     displays the current number of generated notices where the 2% rule applied.