Security Alarm Discount Percent Lookup

Audit actual verified alarm certification versus caller independently verified premium credit catalog; no security efficacy, universal insurer discount or claim coverage inference.

Description

An alarm credit requires verified certification under the selected premium schedule.

An alarm credit requires verified certification under the selected premium schedule. Catalog rate lookup still occurs when evidence is absent.1

The returned values include Caller rounded alarm credit minor, Caller net annual premium minor. The How section below explains the calculation, input rules and interpretation.

When to use Security Alarm Discount Percent Lookup

Use Security Alarm Discount Percent Lookup when you need to evaluate the supplied records under the calculation and evidence rules below. No security efficacy, universal insurer discount or claim coverage is inferred.

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 Security Alarm Discount Percent Lookup and understand its results

  1. 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%.
  2. Enter callerAlarmCertificationIds, callerVerifiedAlarmCreditsBasisPoints, queryAlarmCertificationId, callerPreAlarmAnnualPremiumMinor, callerMatchedAlarmCertificationVerified using the field table and calculation rules, then run the tool.
  3. Read callerRoundedAlarmCreditMinor, callerNetAnnualPremiumMinor. The explanation below defines the units, signs, ordering and any flags or placeholder values.
  4. 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 fieldMeaningValue type; see rules belowRequirement
callerAlarmCertificationIdsCaller alarm certification idslist of stringRequired
callerVerifiedAlarmCreditsBasisPointsCaller verified alarm credits basis pointslist of numberRequired
queryAlarmCertificationIdQuery alarm certification idstringRequired
callerPreAlarmAnnualPremiumMinorCaller pre alarm annual premium minornumberRequired
callerMatchedAlarmCertificationVerifiedCaller matched alarm certification verifiedbooleanRequired

Enter aligned nonempty unique nonblank certification IDs and integer credits 0–10000 basis points, an exact query ID, integer base premium 0–10¹² and a verification boolean. Return rounded credit and net premium; false evidence produces zero credit.

credit=verified?roundMinor(base×basisPoints/10000):0; net=base−credit

Units, indexing, boundary conditions and exceptional cases are defined in the calculation rules above.

Output fieldMeaningValue type
callerRoundedAlarmCreditMinorCaller rounded alarm credit minornumber
callerNetAnnualPremiumMinorCaller net annual premium minornumber
json
{
  "input": {
    "callerAlarmCertificationIds": [
      "a",
      "b"
    ],
    "callerVerifiedAlarmCreditsBasisPoints": [
      1000,
      2000
    ],
    "queryAlarmCertificationId": "a",
    "callerPreAlarmAnnualPremiumMinor": 10000,
    "callerMatchedAlarmCertificationVerified": true
  },
  "output": {
    "callerRoundedAlarmCreditMinor": 1000,
    "callerNetAnnualPremiumMinor": 9000
  }
}

Limitations and assumptions

No security efficacy, universal insurer discount or claim coverage is inferred.

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 Earthquake Retrofit Brace Bolt Discount Lookup: Earthquake retrofit credits depend on verified brace/bolt evidence and a matched premium schedule. Catalog lookup alone does not establish qualification. For a complementary task, use Multi Policy Bundle Discount Percent Calculator: Bundle savings compare separate premiums with individually rounded discounts and a fixed annual fee. Fees can make net savings negative.

References

  1. Security Alarm Discount Percent Lookup — tool.io

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