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Product Models and Rating Procedures
The product model and the rating procedure that calculate prices for Commercial Auto at runtime underpin all the business processes.
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Product Model: Commercial Auto
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Rating Procedure: CommercialAutoRating
The product model provides the structure for the data JSON that moves through the business processes. The Commercial Auto product model is single-instance, which means that we intend customers to insure only one business per policy. All coverages have been designed to be configured at the policy level.
To learn more about the product model, see Commercial Auto Product Model.
The rating procedures take information from the prospective customer (that becomes attribute values in the data JSON) during quoting business processes. The procedures calculate the prices for coverages, then the product model rating simulation rolls up those prices and calculates the total premium.
To learn more about these rating procedures, see Commercial Auto Rating.
