How does the Binding Authority QA Tool work?

You have two view options when using the Binding Authority QA Tool

Detailed View 
This returns all high level, basic data entry and international checks in the slip order for contract checking.

Summary View
This returns all high level and international checks in the slip order, but collapses the basic data entry checks into two high level checks (one for the schedule and one for the other sections of the slip).

The summary view enables you to identify the relevant basic data entry fields on the slip templates in order to perform a rapid visual check for proper completion of these fields. You can then check the contract against the reduced set of checks. This is expected to be an easier and quicker view option for most users.

When selecting the appropriate international requirements using the drop-down menu, consideration should be given to the country in which the risk is located, as well as the country where the coverholder is domiciled for any coverholder specific requirements.

If you have trouble working out the location of a risk or need to find out how to handle a multi-jurisdiction policy, see more information on risk location.

If you would like more tax and regulatory information, please follow the link to Crystal - Lloyd's global trading information.

XIS has been provided with additional guidance on how to apply a number of these checks, as indicated by a note at the end of the check text (e.g. ‘[XIS note 3]’). Follow the link on the results screen of the QA Tool (i.e. click on the link “View XIS instruction notes”).
Last updated on 18 Sep 2007