guidewire

Guidewire: what is the significance of “skip delinquency on enough equity “ field in delinquency plan?


I am not understanding the significance of “ skip delinquency on enough equity field in delinquency plan ? I am not getting any relevant answers in docs. Could someone please explain

I need to understand the functionality behind this


Solution

  • This is not OOTB BC functionality. Check Delinquency Management Accelerator Reference Implementation. Following is snippet from document : The enablement of this setting prevents a delinquency plan from being triggered when equity exists on the policy (i.e. the “Paid Through” date of the policy is greater than or equal to the date upon which the delinquency is scheduled to be initiated).