| 摘要 |
An apparatus, program product and method add out-of-sequence endorsements to an insurance policy managed by a policy management system in such a manner that the financial and legal effects of those endorsements are accounted for in an automated fashion. In particular, in response to receiving input data for a new endorsement for an insurance policy that has an effective date that is earlier than at least one existing endorsement applied to the insurance policy, the insurance policy is updated in an automated fashion to rescind the at least one existing endorsement from the insurance policy prior to applying the new endorsement to the insurance policy. Then, after the new endorsement has been applied to the insurance policy, the existing endorsement is then reapplied to the insurance policy.
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