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PRICING INDICATION EXPLANATIONS

When a pricing indication results, the areas of the submission that are outside the WriteNow parameters are listed. Below is an explanation of the most common reasons. In every case, an underwriter will review your submission and advise you on its eligibility for coverage.

"[Carrier Name] cannot provide a quote for the following reasons:"

Premium exceeds premium guidelines. Premium does not meet WriteNow criteria. Please submit to Underwriting for further consideration.
The loss history does not match the years in business.
The calculated loss ratio exceeds the limit.
The anniversary date is different from the policy effective date.
A Class Code selected is not included.
The experience mod exceeds the limit.
Review Answer supplied for question with Class Code number 0042.

Premium exceeds premium guidelines.
Premium does not meet WriteNow criteria. Please submit to Underwriting for further consideration
Although there is no limit to the premium size that can be submitted via the web only those accounts yielding 25,000 or less in Normal (discounted) Premium are eligible for a quote. top of page

The loss history does not match the years in business.
The WriteNow Quoting service requires the loss history for the current year and the 2 full years prior. This message appears whenever insufficient loss history is available for an automatic quote. top of page

The calculated loss ratio exceeds the limit.
The current year or the 3 year average exceeds a 55% loss ratio (includes paid and reserve). top of page

The anniversary date is different from the policy effective date.
The WriteNow software will not provide a split rate quote. If the normal anniversary rating date and the effective date are not the same, a Pricing Indication will result. top of page

A Class Code selected is not included.
Specific class codes are eligible for an online quote. All other class codes will receive a pricing indication and be reviewed by your underwriter. You can examine the list of eligible class codes in the "Policy" and "Carrier" screens when entering your submissions or by contacting your underwriter. top of page

The experience mod exceeds the limit.
WriteNow will not quote a submission with an experience modifier lower than .70 or higher than 1.15. top of page

Review Answer supplied for question with Class Code number 0042.
The WriteNow Quoting Service will prompt you to answer class code specific questions in the "Payroll" screen. Depending on the response, additional evaluation by your underwriter will be required. top of page