Update HD step policy

Updates the specified HD step policy.

An HD 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. HD step policies support both simple steps and interaction steps.

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Step Policy (DLM model)

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

To update DLM step policies, use the Update Policy operation.

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