Contracts Defaults Tab

The Contracts Defaults tab contains the following fields:

Field

Description

Default Value

Policy

Inception Date

Specifies the value that Touchstone should use to fill in a blank Inception Date field in your imported contracts data. The Inception Date field represents the date of the first day on which coverage is effective.

For inception and expiration dates, and other in-force dates, you must specify a date value between 01/01/1970 and 12/31/2038, inclusive, for dates based on US regional settings. If you are not using US regional settings, use a date value other than 01/01/1970, such as 01/01/1990.

 

When importing data, use one of the following formats and select this format in the AIR ImportExpress Options tab:

       MM/DD/YYYY

       DD/MM/YYYY

       YYYYMMDD

       YYYY-MM-DD

January 1 of the current year

Expiration Date

Specifies the value that Touchstone should use to fill in a blank Expiration Date field in your imported contracts data. The Expiration Date field represents the date of the last day on which coverage is effective.

For inception and expiration dates, and other in-force dates, you must specify a date value between 01/01/1970 and 12/31/2038, inclusive, for dates based on US regional settings. If you are not using US regional settings, use a date value other than 01/01/1970, such as 01/01/1990.

 

When importing data, use one of the following formats and select this format in the AIR ImportExpress Options tab:

       MM/DD/YYYY

       DD/MM/YYYY

       YYYYMMDD

       YYYY-MM-DD

December 31 of the current year

Line of Business

Specifies the value that Touchstone should use to fill in a blank Line of Business field in your imported contracts data.

 

The Line of Business field represents the user-specified line of business for the contracts.

Unknown

Policy Form

Specifies the value that Touchstone should use to fill in a blank Policy Form field in your imported contracts data.

 

The Policy Form field represents the user defined policy form assigned to the contracts.

Unknown

Status

Specifies the value that Touchstone should use to fill in a blank Status field in your imported contracts data.

 

The Status field represents the submission status of the contracts.

Submitted

Currency

Specifies the value that Touchstone should use to fill in a blank Currency field in your imported data.

 

The Currency field represents the base currency for the contracts.

US Dollar

Perils

Specifies the value that Touchstone should use to fill in a blank Perils field in your imported contracts data.

 

The Perils field represents the perils insured under the contracts.

For primary and facultative property contracts:

          Earthquake: Earthquake Shake, Fire Following, Sprinkler Leakage, Tsunami

          Tropical Cyclone: Wind, Storm Surge, Precipitation Flood

          Severe Storm: Severe Thunderstorm, Winter Storm

          Other Perils: Inland Flood, Wildfire/Bushfire, Terrorism, Coastal Flood

For primary and facultative workers' compensation contracts:

          Earthquake: Earthquake Shake, Fire Following, Tsunami

       Other Perils: Terrorism

Layer

Limit Type

Specifies the value that Touchstone should use to fill in a blank layer Limit Type field in your imported contracts data.

 

The layer Limit Type field represents the limit type for the layers associated with the contracts.

Blanket Limit

Deductible Type

Specifies the value that Touchstone should use to fill in a blank layer Deductible Type field in your imported contracts data.

 

The layer Deductible Type field represents the deductible type for the layers associated with the contracts.

No Deductible

 

When you have finished editing the settings on this tab, click Apply to apply the changes.

For detailed information about setting defaults, see Defaults.

 


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Touchstone 7.0 Updated September 03, 2020