To create a Mid Term Adjustment, you will need to retrieve your policy and select ‘Endorse Risk/MTA’.

You will then be asked to select a reason for the adjustment and when you need this adjustment to be processed from. If there are multiple reasons for the adjustment you can add a full description at the referral stage for underwriters to view and assess.

Once you have selected a date and reason, the policy will open and will allow you to make the amendment(s) required. The screens at this stage will resemble a New Business Quote to make the process of amending the policy easier.

Please be mindful that all Mid Term Adjustments will refer to the Underwriting Department for assessment and will not be automatically quoted, even if there were no referral reasons at new business stage.

Once the MTA Quote has been released, the documentation will be emailed to the original processor for review. This can also be found in the Documents tab.

If the underwriters require further information to release the MTA Quote, you can add this by selecting the MTA line and ‘Requote’. This will take you back into the policy to make any necessary changes or add additional information.

ALL Adjustments are QUOTE ONLY unless you hold cover on the amendments made.

To process the changes made to the policy, you will need to select the MTA line and ‘Hold Cover’.

Once you have held cover on the adjustment, revised documentation will be emailed to you. This can also be retrieved from the Documents tab.