Known Issue 341

Loss Modification factors do not apply on expected lines when using a template that has rules defined by event parameters and location characteristics separately.

Issue ID	341
Summary	Loss Modification factors do not apply on expected lines when using a template that has rules defined by event parameters and location characteristics separately.
Description	When a Loss Modification template contains separate rules that are either event- based or exposure-based, the factors specified in the exposure-based rule do not apply as expected. This affects only those rules where the event-based and the exposure-based rules are for the same peril.
Resolved in	Touchstone 2022
Date posted	6/27/2022
Software versions affected	9.0, 9.1
Feature set	Detailed loss
Models	All
Potential for loss numbers impact	Yes
Workaround	If the rules are for the perils of earthquake, tropical cyclone and terrorism, it is possible to get exposure-based rules to apply correctly by coding a dummy event parameter for the rules that don’t have one. This workaround will not apply if the rules are for other perils.