Authorize new policy

Trigger: An underwriter approves an insurance application and finalizes the quote terms for binding.

1. Receive the approved application and finalized quote
2. Verify all required applicant signatures, disclosures, and initial premium payments
3. Execute the formal binding of the insurance contract
4. Generate the policy declaration page and associated legal documents
5. Record the active policy record in the policy administration system
6. Dispatch the policy packet to the policyholder and initiate the billing cycle

Outcome: The new insurance policy is formally bound, recorded in the core administration system, and issued to the policyholder.