2015 March Enhancement Release Dates (subject to change) Test Thursday, February 19th Turnover Times (all ET): APP/SUB - 4pm COM 4pm – FAR 4pm – IFT Start of business February 20th – LNA 4pm – POV 4pm – PMP Start of business February 20th – STL 4 pm – Production Thursday, March 19th Turnover Times (all ET): APP/SUB - 6pm COM 6pm – FAR 6pm – IFT Start of business March 20th – LNA 6pm – POV 6pm – PMP Start of business March 20th – STL 6pm – Submitting Firms: Any files submitted after the times listed above will be edited based on March 2015 Release changes. Receiving Firms: Times listed above are the last cycles that the files will be received in the old format. Enhancement Changes APP/SUB Initial Application & Subsequent Premiums – IPS00469– APP/SUB Modify Rate Indicator Edit (Optional) – Rate lock functionality is used for several Index products and an actual rate is not being captured. Also the rate captured for fixed products can be manually entered by the Financial Advisor and anything can be input, so the carrier does not apply the rate that is being passed, they apply the rate(cap rate) they were offering at the rate lock submit date.
2015 March Enhancement Release Dates (subject to change) Test Thursday, February 19th Turnover Times (all ET): APP/SUB - 4pm COM – 4pm FAR – 4pm IFT – Start of business February 20th LNA – 4pm POV – 4pm PMP – Start of business February 20th STL – 4 pm Production Thursday, March 19th Turnover Times (all ET): APP/SUB - 6pm COM – 6pm FAR – 6pm IFT – Start of business March 20th LNA – 6pm POV – 6pm PMP – Start of business March 20th STL – 6pm Submitting Firms: Any files submitted after the times listed above will be edited based on March 2015 Release changes. Receiving Firms: Times listed above are the last cycles that the files will be received in the old format. Enhancement Changes APP/SUB – Initial Application & Subsequent Premiums IPS00469– APP/SUB – Modify Rate Indicator Edit (Optional) Rate lock functionality is used for several Index products and an actual rate is not being captured. Also the rate captured for fixed products can be manually entered by the Financial Advisor and anything can be input, so the carrier does not apply the rate that is being passed, they apply the rate(cap rate) they were offering at the rate lock submit date.
2015_March_Enhancement_Release_Requirements_Spec_v0_1.docx