Auto Premium Base Class Lookup
Audit actual auto base-class quote against caller independently verified annual class rate catalog in one currency; no universal insurer classes/rates or underwriting decision.
Description
An auto base-class quote audit compares observed money with a verified class rate.
An auto base-class quote audit compares observed money with a verified class rate. Premium modifications belong to separate scenarios.1
The returned values include Caller class base premium minor, Signed quoted base premium difference minor. The How section below explains the calculation, input rules and interpretation.
When to use Auto Premium Base Class Lookup
Use Auto Premium Base Class Lookup when you need to evaluate the supplied records under the calculation and evidence rules below. No universal classes/rates, insurer quote or underwriting decision is generated.
Prepare the observed policy, claim or quote evidence and independently verified policy tables. Monetary fields use integer minor units in one currency: for a currency with 100 minor units per major unit, enter 12345 for 123.45. One basis point is 0.01 percentage points, so 10000 basis points represents 100%.
How to use Auto Premium Base Class Lookup and understand its results
- Prepare the observed policy, claim or quote evidence and independently verified policy tables. Monetary fields use integer minor units in one currency: for a currency with 100 minor units per major unit, enter 12345 for 123.45. One basis point is 0.01 percentage points, so 10000 basis points represents 100%.
- Enter callerAutoClassIds, callerBaseAnnualPremiumMinor, queryAutoClassId, observedQuotedBasePremiumMinor using the field table and calculation rules, then run the tool.
- Read callerClassBasePremiumMinor, signedQuotedBasePremiumDifferenceMinor. The explanation below defines the units, signs, ordering and any flags or placeholder values.
- If the tool reports an input issue, correct the values and run it again. Apply the stated assumptions when interpreting a successfully returned result.
| Input field | Meaning | Value type; see rules below | Requirement |
|---|---|---|---|
| callerAutoClassIds | Caller auto class ids | list of string | Required |
| callerBaseAnnualPremiumMinor | Caller base annual premium minor | list of number | Required |
| queryAutoClassId | Query auto class id | string | Required |
| observedQuotedBasePremiumMinor | Observed quoted base premium minor | number | Required |
Enter aligned nonempty unique nonblank class IDs and integer annual premiums 0–10¹², an exact existing query ID and integer quote 0–10¹². Return catalog base and signed quote difference.
base=exactCatalogLookup(classID); difference=quoted−base Units, indexing, boundary conditions and exceptional cases are defined in the calculation rules above.
| Output field | Meaning | Value type |
|---|---|---|
| callerClassBasePremiumMinor | Caller class base premium minor | number |
| signedQuotedBasePremiumDifferenceMinor | Signed quoted base premium difference minor | number |
{
"input": {
"callerAutoClassIds": [
"a",
"b"
],
"callerBaseAnnualPremiumMinor": [
10000,
20000
],
"queryAutoClassId": "a",
"observedQuotedBasePremiumMinor": 11000
},
"output": {
"callerClassBasePremiumMinor": 10000,
"signedQuotedBasePremiumDifferenceMinor": 1000
}
}Limitations and assumptions
No universal classes/rates, insurer quote or underwriting decision is generated.
Numeric inputs, where present, must be finite. Follow the calculation-specific rules for overflow, underflow and exceptional cases. Numeric lists are limited to 10,000 entries; string lists to 128 strings of at most 128 characters each. The rules above may impose smaller limits. Extremely large text inputs are rejected. Missing required fields, extra fields, wrong value types and violations of the calculation rules are input errors.
Alternative or Complementary methods
Use Zip Code Territory Factor Lookup: Territory rating keys can include ZIP text and rate edition. Keeping keys as text preserves leading zeros and avoids inventing geographic risk factors. For a complementary task, use At Fault Surcharge Percent Table Lookup: At-fault surcharge tiers operate on already rated accident evidence. Selecting a tier cannot determine liability.
References
-
Auto Premium Base Class Lookup — tool.io
Similar or alternative tools
- Zip Code Territory Factor Lookup
Territory rating keys can include ZIP text and rate edition. Keeping keys as text preserves leading zeros and avoids inventing geographic risk factors.
- At Fault Surcharge Percent Table Lookup
At-fault surcharge tiers operate on already rated accident evidence. Selecting a tier cannot determine liability.