Rating-utils NPM

Rating Utils for Node.js

Library of helper methods for rating insurance policies

Features

Prorata utilities to get prorate factor, and calculate net change premium
Many more features to come, just getting started

Installation

npm install rating-utils

Usage

var rating = require('rating-utils'),
    prorata = rating.prorata;

//full term endorsement
var result = prorata.getProrateFactor('2015-01-01', '2015-12-31'); //result should be 1

//mid term endorsement
var result2 = prorata.getProrateFactor('2015-01-01', '2015-06-30'); //result should be approx .5

//calculate net change premium of mid-term endorsement
var newFullTermAmount = 100;
var prevFullTermAmount = 0;
var policyEffectiveDate = '2015-01-01';
var revisionEffectiveDate = '2015-06-30';
var netchange = prorata.getNetChangeAmount(newFullTermAmount, prevFullTermAmount, policyEffectiveDate, revisionEffectiveDate);