Service Overview SOP for Sky Source

Standard Operating Procedures (SOP) Overview

• SOP designed for understanding Sky Source services and necessary steps for execution.
• Emphasis on the NBS Rating Process to update information and assess risk.

Introduction

• NBS Rating Process updates information according to the accord application.
• Risk assessment based on LSR nuances.

Process Overview

• Contains a structured approach organized into clearly defined steps.

Process Map

• Visual representation of the workflow for clarity and ease of understanding.

Step 1: Workflow Monitor

• Involves tracking and managing the progress of submissions within the workflow.

Step 2: Reviewing and Updating ALIS with Accord

• Crucial for ensuring that ALIS is accurate and reflects the most recent accord information.

Step 3: Multi-Rating in ALIS

• Addresses the need for conducting multiple ratings within the ALIS system for better risk evaluation.

Step 4: Completing the Request

• Finalization of the submission process, ensuring all steps are appropriately documented and completed.

Exception for Specific Submissions

• For New Business submissions from Mount Vernon (USLI) with a premium under $1,000, the rating process is omitted.
• Description changed to "USLI" to reflect this exception.

This quiz covers the Standard Operation Rules (SOP) for understanding the services provided by Sky Source. It details the NBS Rating Process and its relevance to risk assessment based on LSR nuances. Participants will explore key steps and workflows involved in the operational process.