Abstract: An apparatus, program product and method add out-of-sequence endorsements to an insurance policy managed by a policy management system in such a manner that the financial and legal effects of those endorsements are accounted for in an automated fashion. In particular, in response to receiving input data for a new endorsement for an insurance policy that has an effective date that is earlier than at least one existing endorsement applied to the insurance policy, the insurance policy is updated in an automated fashion to rescind the at least one existing endorsement from the insurance policy prior to applying the new endorsement to the insurance policy. Then, after the new endorsement has been applied to the insurance policy, the existing endorsement is then reapplied to the insurance policy.

Abstract: An apparatus, program product and method dynamically preload product information from an external database into the working memory of a policy management system to facilitate efficient, high volume access to the product information during runtime of the policy management system. Typically, the dynamic preloading is performed during the initialization or boot-up of an application server in the policy management system, and the working memory is resident in a computer upon which the application server is also resident such that high speed access to the preloaded product information is available. Moreover, accesses to the external database during post-initialization runtime of the application server are typically avoided, thus eliminating the overhead associated with accessing the external database.