Multiple choice technology mainframe

The Transaction Codes for New Business and Endorsement Transactions respectively are

  1. 34 & 01

  2. 34 & 35

  3. 01 & 34

  4. 01 & EN

  5. 3 & 4
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C Correct answer
Explanation

In legacy insurance administration systems, standard transaction codes are used to identify specific policy lifecycle events. The code 01 represents a New Business transaction, while 34 represents a subsequent Endorsement transaction. The other options represent incorrect or invalid transaction code mappings.

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