Cash With Application (CWA) can be received any time during the underwriting process, not just at application submit. Currently, the model supports CWAAmt, which is defined as the total amount received with the application. The TotalCWAAmt is the total CWA amount received, adjusted for receipts, reversals, or refunds. CWA includes total amount of money received via a wire or check, or authorization for the carrier to perform an EFT, ACH or credit card payment to fund the contract. This does not include an exchange or replacement, or 'cash on delivery' (i.e. expected to be paid/received after the policy is issued) payment. |