BRD Document

Description: Included with this document are:

BRD Intro
- Purpose
- Participants
- Contact
- Summary
Functional and Business Requirements

Author: HPQC
Mailing address: NA

Chapter 1. Requirements
1.1. Requirements
1.2. ePCG
1.2.1. 2015
1.2.1.1. December

1.2.1.1.1. 149264 - PCG - State Filings - HOP - IL Mine Subsidence Coverage rate revision

1.2.1.1.1.1. 149264- PCG - State Filings - HOP - IL Mine Subsidence Coverage rate revision (ReqID 6287)
Author : anagar
Creation Date : 10/1/2015
Creation Time : 11:37:30 AM
Modified : 10/1/2015 11:37:30 AM
Priority : Medium
Reviewed : Not Reviewed
Req Parent : 149264 - PCG - State Filings - HOP - IL - Mine Subsidence Coverage
rate revision
Requirement Type : BRD INTRO
Project Status : Open
IT PM : svenkataraman
System : ePCG
SER Number : 149264
Business Owner : Brandy Klenner
PPM Number : TBD
Functional Group : State Filings - Compliance

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Description : If mine subsidence coverage is requested for a dwelling or other permanent structure, add the
amount for each structure as follows:
$18.80 for the first $10,000 of coverage
$2.77 for each additional $10,000 of coverage up to $750,000

Please refer the revised table based on above logic.

Rich Text:

Document Version Control

Version

1.0

Release Date

10/01/2015

Revision Description

Initial Release

Author(s)

Ambika Nidhi Nagar

Purpose
This Business Requirements Document (BRD) is a formal translation of associated business
needs and requirements. It has four primary functions:

Enable business sponsor (end-users) to validate that the requirements are

complete and accurate.

Enable the design, development, and testing of automated solutions, aligned with
stated business needs and requirements.

Enable traceability between the stated requirements, code, test scripts, and
software product functionality.

Enable changes in requirements to be effectively managed throughout the

System Development Life Cycle (SDLC).

The BRD is an agreement between the business and application project team.
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NOTE - Any changes to baselined business requirements require change control.

Participants
Name

Company / Unit

Job Title

Role

Mani Venkataraman

IT

Project Manager

Reviewer/Approver

Brandy Klenner

Actuarial

Property Lead Actuary

Reviewer/Approver

Contact
Name
Telephone
Email

Ambika Nidhi Nagar

201 631 7212
ambika.nagar@aig.com

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Summary
1. Background
This change is applicable only to Homeowners form. It is not applicable for TN/CO
form.
With this change, premium calculation for IL Mine subsidence coverage will be
done as follow:
If mine subsidence coverage is requested for a dwelling or other permanent
structure, add the amount for each structure as follows:
$18.80 for the first $10,000 of coverage
$2.77 for each additional $10,000 of coverage up to $750,000
Please use the revised table under section 5 for Mine Subsidence Coverage
premium.
The proposed rate effective date for this implementation is December 14, 2015.

2. Scope
PC G - IL - Homeowners policy Foms

3. Businesses Impacted

4. Assumptions / Constraints / Dependencies / Risks

Many variables shape and affect a project. The assumptions, constraints, dependencies and
risks for the project are detailed below.

Assumptions
N/A

Constraints
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N/A

Dependencies
N/A

Risks
N/A

5. Detailed Requirements
This change is applicable only to Homeowners form. It is not applicable for
TN/CO form.
If mine subsidence coverage is requested for a dwelling or other permanent
structure, add the amount for each structure as follows:
$18.80 for the first $10,000 of coverage
$2.77 for each additional $10,000 of coverage up to $750,000

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NOTE: Please note that the Mine subsidence coverage premium should be rounded to
nearest dollar.
Amount Of Coverage

Premium

$10,000

$18.80

$10,001 to $20,000

$21.57

$20,001 to $30,000

$24.34

$30,001 to $40,000

$27.11

$40,001 to $50,000

$29.88

$50,001 to $60,000

$32.65

$60,001 to $70,000

$35.42

$70,001 to $80,000

$38.19

$80,001 to $90,000

$40.96

$90,001 to $100,000

$43.73

$100,001 to $110,000

$46.50

$110,001 to $120,000

$49.27

$120,001 to $130,000

$52.04

$130,001 to $140,000

$54.81

$140,001 to $150,000

$57.58

$150,001 to $160,000

$60.35

$160,001 to $170,000

$63.12

$170,001 to $180,000

$65.89

$180,001 to $190,000

$68.66

$190,001 to $200,000

$71.43

$200,001 to $210,000

$74.20

$210,001 to $220,000

$76.97

$220,001 to $230,000

$79.74

$230,001 to $240,000

$82.51

$240,001 to $250,000

$85.28

$250,001 to $260,000

$88.05

$260,001 to $270,000

$90.82

$270,001 to $280,000

$93.59

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$280,001 to $290,000

$96.36

$290,001 to $300,000

$99.13

$301,001 to $310,000

$101.90

$310,001 to $320,000

$104.67

$320,001 to $330,000

$107.44

$330,001 to $340,000

$110.21

$340,001 to $350,000

$112.98

$350,001 to $360,000

$115.75

$360,001 to $370,000

$118.52

$370,001 to $380,000

$121.29

$380,001 to $390,000

$124.06

$390,001 to $400,000

$126.83

$400,001 to $410,000

$129.60

$410,001 to $420,000

$132.37

$420,001 to $430,000

$135.14

$430,001 to $440,000

$137.91

$440,001 to $450,000

$140.68

$450,001 to $460,000

$143.45

$460,001 to $470,000

$146.22

$470,001 to $480,000

$148.99

$480,001 to $490,000

$151.76

$490,001 to $500,000

$154.53

$500,001 to $510,000

$157.30

$510,001 to $520,000

$160.07

$520,001 to $530,000

$162.84

$530,001 to $540,000

$165.61

$540,001 to $550,000

$168.38

$550,001 to $560,000

$171.15

$560,001 to $570,000

$173.92

$570,001 to $580,000

$176.69

$580,001 to $590,000

$179.46

$590,001 to $600,000

$182.23

$600,001 to $610,000

$185.00

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$610,001 to $620,000

$187.77

$620,001 to $630,000

$190.54

$630,001 to $640,000

$193.31

$640,001 to $650,000

$196.08

$650,001 to $660,000

$198.85

$660,001 to $670,000

$201.62

$670,001 to $680,000

$204.39

$680,001 to $690,000

$207.16

$690,001 to $700,000

$209.93

$700,001 to $710,000

$212.70

$710,001 to $720,000

$215.47

$720,001 to $730,000

$218.24

$730,001 to $740,000

$221.01

$740,001 to $750,000

$223.78

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