Rewrite and Rewrite New Account

A rewrite is a policy transaction that creates a new policy from an existing policy. Typically, a rewrite is done when some significant error occurred during the initial submission of policy. The original policy does not reflect the original intent of policy, and a new set of policy documents showing correct information is required.

A rewrite new account is a policy transaction that takes data from an existing policy and creates a new policy with a new policy number in new account. Rewriting a policy to another account means moving the policy going forward to another account, but the policy history including earlier policy terms stay with its current account.

This topic covers how to manage rewrites through Cloud API. For details on the business functionality of rewrites, see the Application Guide.

There are three types of policy transaction rewrites:

• Full term rewrite: Overwrites the entire term of an existing policy
• New term rewrite: Creates a new term for the policy
• Mid-term rewrite: Rewrites the remainder of an existing policy term

The full term and new term policy rewrites are called flat rewrites.

With the system APIs, a policy rewrite transaction is preceded by a cancellation policy transaction. When canceling a policy in preparation for a rewrite, the value provided for the cancellationReasonCode property must be either flatrewrite or midtermrewrite, as described above. When rewriting the policy, the value provided for the rewriteType property must be either rewriteFullTerm, rewriteNewTerm, or rewriteRemainderOfTerm, as described above.

Rewrite period	cancellationReasonCode property value	rewriteType property value
Full term	flatrewrite	rewriteFullTerm
New term	flatrewrite	rewriteNewTerm
Mid-term	midtermrewrite	rewriteRemainderOfTerm