Reg 187 Annuity Validation Tool
Step One - Data Collection
The RightBridge Annuity Validation Tool collects the following data:
State of Issue
Validation Type – New Policy, Change to Existing Policy, Replacement Policy
Product(s) to be validated from drop down list of products
Other state regulated data elements
Step 2 - Validation
he data collected in the questionnaire creates a case which is run through the RightBridge scoring engine and determines through a set of configured suitability rules whether the transaction meets the best interest standard, needs further review, or is not a best interest transaction.
Case Results include the following:
Overall Validation Score (0-100)
Overall Validation status/color (Red, Yellow, Green)
Individual checks of the 13 Data points in the regulation
ReasonText™ supporting and explaining the status of the checks
Scores for each ReasonText™ element
Color indicator for each ReasonText™ element
PDF report containing all the above information and a summary of the case.
Back Office Dashboard
Back office users are provided with a dashboard that summarizes all suitability reviews submitted to the RightBridge Reg 187 application. This application will provide back office and supervisory users the ability to see cases that have been submitted.
When a user logs in the dashboard they are presented with a summary of the case activity and summarized results based on where they fit into the user hierarchy (Firm ,General Agency, Unit, Advisor, Rep Code ).