Product Line Comparison
Product Lines Overview
Section titled “Product Lines Overview”LAMS supports the following Lines of Business (LOB):
| Code | Product Name | Type | Rating Type |
|---|---|---|---|
| ACSTD | Accountants Standard | Standard | Full Algorithm |
| ACEXP | Accountants Express | Express | Simplified |
| RESTD | Real Estate Standard | Standard | Full Algorithm |
| REEXP | Real Estate Express | Express | Simplified |
| APEXP | Appraiser Express | Express | Appraiser-Specific |
| LAWYERS | Lawyers Professional Liability | Standalone | Lawyers-Specific |
| MISC | Miscellaneous Professional | Standalone | Carrier-Based |
| BOP | Business Owners Policy | Standalone | BOP-Specific |
| WOC | Workers Compensation | Standalone | WC-Specific |
| BONDS | Surety Bonds | Standalone | Bond-Specific |
| CYBER | Cyber Liability | Add-On | Cyber-Specific |
LOB Groupings
Section titled “LOB Groupings”These groupings are used throughout the system for business logic:
StandardLobs = "RESTD,ACSTD"OCSEnabledLobs = "RESTD,ACSTD,REEXP,ACEXP"ExpressLobs = "REEXP,ACEXP,APEXP"MISCLobs = "MISC,LAWYERS,BOP,WOC,BONDS"MGAFlipLobs = "RESTD,ACSTD,REEXP,ACEXP,APEXP"MGACertificateLobs = "RESTD,ACSTD,REEXP,ACEXP,APEXP,LAWYERS,BONDS,MISC"ProfessionalLiabilityLobs = "RESTD,ACSTD,ACEXP,REEXP,MISC,LAWYERS"Key Differences
Section titled “Key Differences”Standard vs Express
Section titled “Standard vs Express”| Feature | Standard | Express |
|---|---|---|
| Underwriting | Full IRM questionnaire | Simplified questionnaire |
| Rating | Full algorithm with all factors | Simplified rating table |
| Documents | Full application forms | Abbreviated forms |
| Quote Steps | Multi-step with all options | Quick quote |
Product-Specific Notes
Section titled “Product-Specific Notes”- ACSTD: Full rating with gross revenue, AOP, IRM, credits/debits, EPLI options, peer review, engagement letter, longevity credits
- RESTD: State relativity factors, business/mortgage brokerage endorsements, construction/land development exclusions, fair housing coverage
- APEXP: DAF (Disciplinary Actions Factor), ILF (Incurred Losses Factor), Appraisal Management coverage, trainee coverage
- CYBER: Separate limits/deductible, ransomware sublimit (10% of cyber limit), state restrictions (ND, KS, VT, AR, NY, CA, MA)
- MISC: Flexible coverage types (Professional Liability, General Liability, Excess), carrier-based commission
Cancellation Support
Section titled “Cancellation Support”Only these LOBs support mid-term cancellation:
CancellationAndReinstatementAppType = "RESTD,REEXP,ACSTD,ACEXP"APEXP has specific cancellation handling via cancelLobs = "APEXP".
State Exclusions
Section titled “State Exclusions”Auto-Renewal Excluded States
Section titled “Auto-Renewal Excluded States”StatesExcludedAutoRenewal = ":CA:,:NY:"Cyber New Business State Restrictions
Section titled “Cyber New Business State Restrictions”StateRestrictionForNewCyber = "ND,KS,VT,AR,NY,CA,MA"