Get policy

Returns the specified policy, step policy (HD model), or step policy template (HD model).

• A standard policy follows a traditional insurance payment structure where the payout is based on the terms and conditions specified in the policy without any step-like intervals.
• A step policy is an insurance payment structure that follows a step-like function, where the payment amount is a prescribed value over a certain interval (step) and jumps to another prescribed value in an adjacent interval. Payout occurs when losses match criteria specified for a one of the steps.
• A step policy template is an outline of step policy that has not been is assigned to an account.

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Step Policy (HD model)

Risk Data API supports both DLM step policies and HD step policies. This operation returns only DLM step policies.

To return an HD step policy, use the Get HD Step Policy operation.