Renew Multi-Root Policy

Creates a new policy term for a multi-root policy when pricing is handled through the Rating API instead of a quote. This process bypasses the creation of a quote record while generating new parent and child policy records for the renewed term.

Make sure you have these details before renewing a multi-root policy:

The Policy ID of the active parent insurance policy to be renewed.

Get Policy Context—Retrieve the policy context by using the policy ID through one of the following methods:
- Make a GET request to the Insurance Policy Details Connect API.
- Use the Get Insurance Policy invocable action.
Returns the context required to price and renew the policy.
Generate Price-Adjusted Context—Generate a priced context for the new term by making a PATCH request to the Insurance Product Rating Connect API using the context ID.

Returns a price-adjusted context that contains the premium calculation for the renewed term.
(Optional) Run Qualification Rules—Determine eligibility for renewal by making a POST request to the CreateUpdateQuote Connect API with saveQuote=false.

Returns an updated context containing eligibility results without saving a Quote record.
Renew Multi-Root Policy—Use the updated context to renew the policy by using one of the following methods:
- Make a POST request to the Renew Multi-Root Policy Connect API.
- Use the Renew Multi-Root Policy invocable action.

Returns an Async Request ID in the response to track the job status.
Creates new parent and child policy records asynchronously for the new term.
Creates a corresponding transaction record for each child policy. In addition, creates a parent policy transaction that represents the rolled-up premium from all associated child policy transactions.
Creates transaction records associated with the renewed policy term.