Quoting

Once a submission reaches Rated status, the rating engine has calculated a premium. Quoting is the step where you formally present that premium and make a decision.

Running a quote

From the Submissions page, click the Quote button on any rated submission. You can also quote from the Submission Detail page.

The system sends the submission to the underwriting engine, which evaluates:

• Rating tables for the line of business and state
• Underwriting rules (appetite, exclusions, limits)
• Authority levels
• Any conditions that apply

Quote decisions

The engine returns one of three decisions:

Quoted

The risk passes all rules and a premium has been calculated. The quote result shows:

• Final premium — What the insured will pay
• Base premium — Before modifiers
• Rating factors — Each factor that adjusted the premium (experience mod, schedule credits, territory, etc.)
• Coverage breakdown — Premium split by coverage line (e.g., truck liability, cargo, physical damage)
• Conditions — Any conditions attached to the quote (inspections required, exclusions noted)

The quote has an expiration date shown in the detail view. After expiration, a re-quote is required.

Referred

The risk needs senior review. Common reasons:

Reason	What it means
Authority exceeded	Premium exceeds your binding authority
Coverage question	Unusual coverage request needs review
Risk quality	Loss history or risk profile needs senior evaluation
Reinsurance required	Risk requires reinsurance treaty review
Appetite check	Risk may fall outside program appetite
Capacity constraint	Program nearing capacity limits
Prior losses	Loss ratio or frequency concerns
Financial condition	Insured financial health flagged
Regulatory	State or regulatory concern requires review
Other	Reason not covered above — provide details in rationale

When you refer a submission, you must provide:

1. A reason code from the list above
2. A rationale explaining your concern (minimum 10 characters)
3. Optionally, a specific senior underwriter to route to

The submission moves to Referred status and appears on the Approvals page for the assigned reviewer.

Declined

The risk does not meet program appetite. The system generates a decline with:

• Decline reason code
• Your written rationale
• A declination letter (available for download)

Decline reasons include: out of appetite, state restriction, adverse loss history, financial condition, fraud indicators, capacity unavailable, regulatory, insufficient information, prior cancellation, and other.

WARNING

Declines are significant actions. The rationale you write becomes part of the regulatory record and may be reviewed during audits.

Comparing quote options

For some submissions, the system generates alternative quote options — different combinations of limits, deductibles, and coverages. You can:

1. View the options in the Quote Options panel on the Submission Detail page
2. Compare premium differences side-by-side
3. Select the preferred option to present to the producer

Rating result card

The Rating Result Card is the detailed premium breakdown. It shows:

• Source of each factor (table = from rate tables, rule = from underwriting rules)
• How each modifier adjusts the base premium
• Minimum premium thresholds
• The complete audit trail of how the final number was calculated

This is useful for explaining pricing to producers and for your own review.

After quoting

Once a quote is issued:

• The producer is notified and can view the quote in their portal
• The quote expiration timer starts
• You can proceed to binding when the insured accepts
• If the quote expires, you'll need to re-quote (rates may have changed)

→ Next: Binding