Through the Certificates page you are able to create certificates for open cover without premium policies. The system provides customers issued for them open cover without premium policies of type Marine Cargo for example, an insurance placement arrangement, where the insurer may declare and insure specific types of risks on an open basis by issuing certificates instead of issuing new policies each time.

 

Moreover, you can view all certificates issued for the same policyholder and keep track of all of the details related to the certificate by clicking the  button. Accordingly, the system will list all certificates that belong to the same policy.

 

To perform certain transactions, you need to go through the following steps:

 

§  Select the Certificate you want from the Certificates List block;

§  Select the Transaction you want to perform:

§  Go to Endorsements: The system redirects you to the Endorsements sub-module, where you are able to issue endorsements on the selected certificate while this certificate must be posted to financial;

§  Go to Claims: The system redirects you to the Claims module where you are able to do claims on the selected certificate while this certificate must be posted to financial;

§  Go to Reinsurance: The system redirects you to the Reinsurance module;

§  Do Automatic Reinsurance: The system automatically reinsures the certificate. Once you select this transaction, you need to insert the necessary reinsurance information;

§  Delete Reinsurance: The system deletes reinsurance slip and distribution of the certificate;

§  Show Voucher: The system redirects you to the Financial Integration module where you are able to view the vouchers generated upon issuing the certificate and post the current certificate to financial.