@etherisc/gif-next 0.0.2-95b223b-528 → 0.0.2-95f0eec-843

package/contracts/product/ClaimService.sol

@@ -1,31 +1,31 @@
 // SPDX-License-Identifier: Apache-2.0
 pragma solidity ^0.8.20;
 
-import {Amount, AmountLib} from "../type/Amount.sol";
-import {TimestampLib} from "../type/Timestamp.sol";
-import {ObjectType, CLAIM, POLICY, POOL, PRODUCT} from "../type/ObjectType.sol";
-import {SUBMITTED, KEEP_STATE, DECLINED, REVOKED, CANCELLED, CONFIRMED, CLOSED, EXPECTED, PAID} from "../type/StateId.sol";
-import {NftId} from "../type/NftId.sol";
-import {FeeLib} from "../type/Fee.sol";
-import {StateId} from "../type/StateId.sol";
-import {ClaimId, ClaimIdLib} from "../type/ClaimId.sol";
-import {PayoutId, PayoutIdLib} from "../type/PayoutId.sol";
-import {ComponentVerifyingService} from "../shared/ComponentVerifyingService.sol";
-import {ContractLib} from "../shared/ContractLib.sol";
-import {InstanceReader} from "../instance/InstanceReader.sol";
-import {InstanceStore} from "../instance/InstanceStore.sol";
 import {IClaimService} from "./IClaimService.sol";
-import {IComponents} from "../instance/module/IComponents.sol";
 import {IInstance} from "../instance/IInstance.sol";
 import {IPolicy} from "../instance/module/IPolicy.sol";
 import {IPolicyHolder} from "../shared/IPolicyHolder.sol";
 import {IPoolComponent} from "../pool/IPoolComponent.sol";
 import {IPolicyService} from "../product/IPolicyService.sol";
 import {IPoolService} from "../pool/IPoolService.sol";
+import {IRegistry} from "../registry/IRegistry.sol";
+
+import {Amount, AmountLib} from "../type/Amount.sol";
+import {ClaimId, ClaimIdLib} from "../type/ClaimId.sol";
+import {ContractLib} from "../shared/ContractLib.sol";
+import {InstanceReader} from "../instance/InstanceReader.sol";
+import {InstanceStore} from "../instance/InstanceStore.sol";
+import {NftId} from "../type/NftId.sol";
+import {ObjectType, CLAIM, POLICY, POOL, PRODUCT} from "../type/ObjectType.sol";
+import {PayoutId, PayoutIdLib} from "../type/PayoutId.sol";
+import {Service} from "../shared/Service.sol";
+import {StateId} from "../type/StateId.sol";
+import {SUBMITTED, KEEP_STATE, DECLINED, REVOKED, CANCELLED, CONFIRMED, CLOSED, EXPECTED, PAID} from "../type/StateId.sol";
+import {TimestampLib} from "../type/Timestamp.sol";
 
 
 contract ClaimService is 
-    ComponentVerifyingService, 
+    Service, 
     IClaimService
 {
 
@@ -41,11 +41,11 @@ contract ClaimService is
         initializer()
     {
         (
-            address registryAddress,
-            address authority
+            address authority,
+            address registry
         ) = abi.decode(data, (address, address));
 
-        _initializeService(registryAddress, authority, owner);
+        __Service_init(authority, registry, owner);
 
         _policyService = IPolicyService(getRegistry().getServiceAddress(POLICY(), getVersion().toMajorPart()));
         _poolService = IPoolService(getRegistry().getServiceAddress(POOL(), getVersion().toMajorPart()));
@@ -53,28 +53,6 @@ contract ClaimService is
         _registerInterface(type(IClaimService).interfaceId);
     }
 
-    function _checkClaimAmount(
-        NftId policyNftId,
-        IPolicy.PolicyInfo memory policyInfo,
-        Amount claimAmount
-    )
-        internal
-        pure
-    {
-        // check claim amount > 0
-        if (claimAmount.eqz()) {
-            revert ErrorClaimServiceClaimAmountIsZero(policyNftId);
-        }
-
-        // check policy including this claim is still within sum insured
-        if(policyInfo.claimAmount + claimAmount > policyInfo.sumInsuredAmount) {
-            revert ErrorClaimServiceClaimExceedsSumInsured(
-                policyNftId, 
-                policyInfo.sumInsuredAmount,
-                policyInfo.payoutAmount + claimAmount);
-        }
-    }
-
     function submit(
         NftId policyNftId, 
         Amount claimAmount,
@@ -83,12 +61,12 @@ contract ClaimService is
         external
         virtual
         // nonReentrant() // prevents creating a reinsurance claim in a single tx
+        restricted()
         returns (ClaimId claimId)
     {
         // checks
         (
-            ,
-            IInstance instance,,
+            ,,,
             InstanceStore instanceStore,
             IPolicy.PolicyInfo memory policyInfo
         ) = _verifyCallerWithPolicy(policyNftId);
@@ -133,6 +111,7 @@ contract ClaimService is
     )
         external
         virtual
+        restricted()
         // nonReentrant() // prevents creating a reinsurance claim in a single tx
     {
         // checks
@@ -182,13 +161,13 @@ contract ClaimService is
     )
         external
         virtual
+        restricted()
         // nonReentrant() // prevents creating a reinsurance claim in a single tx
     {
         _checkNftType(policyNftId, POLICY());
 
         (
-            ,
-            IInstance instance,
+            ,,
             InstanceReader instanceReader,
             InstanceStore instanceStore,
             IPolicy.PolicyInfo memory policyInfo
@@ -214,11 +193,11 @@ contract ClaimService is
     )
         external
         virtual
+        restricted()
         // nonReentrant() // prevents creating a reinsurance claim in a single tx
     {        
         (
-            ,
-            IInstance instance,
+            ,,
             InstanceReader instanceReader,
             InstanceStore instanceStore,
             IPolicy.PolicyInfo memory policyInfo
@@ -243,16 +222,15 @@ contract ClaimService is
     )
         external
         virtual
+        restricted()
         // nonReentrant() // prevents creating a reinsurance claim in a single tx
     {
         _checkNftType(policyNftId, POLICY());
         
         (
-            ,
-            IInstance instance,
+            ,,
             InstanceReader instanceReader,
             InstanceStore instanceStore,
-            IPolicy.PolicyInfo memory policyInfo
         ) = _verifyCallerWithPolicy(policyNftId);
 
         // check/update claim info
@@ -277,6 +255,8 @@ contract ClaimService is
 
         claimInfo.closedAt = TimestampLib.blockTimestamp();
         instanceStore.updateClaim(policyNftId, claimId, claimInfo, CLOSED());
+
+        emit LogClaimServiceClaimClosed(policyNftId, claimId);
     }
 
 
@@ -289,6 +269,7 @@ contract ClaimService is
     )
         external
         virtual
+        restricted()
         // nonReentrant() // prevents creating a reinsurance claim in a single tx
         returns (PayoutId payoutId)
     {
@@ -313,6 +294,7 @@ contract ClaimService is
     )
         external
         virtual
+        restricted()
         // nonReentrant() // prevents creating a reinsurance payout in a single tx
         returns (PayoutId payoutId)
     {
@@ -333,44 +315,53 @@ contract ClaimService is
     )
         external
         virtual
+        restricted()
         // nonReentrant() // prevents creating a reinsurance payout in a single tx
+        returns (Amount netPayoutAmount, Amount processingFeeAmount)
     {
         // checks
         (
-            ,
-            IInstance instance,
+            ,,
             InstanceReader instanceReader,
             InstanceStore instanceStore,
             IPolicy.PolicyInfo memory policyInfo
         ) = _verifyCallerWithPolicy(policyNftId);
 
-        // check that payout exists and is open
-        IPolicy.PayoutInfo memory payoutInfo = instanceReader.getPayoutInfo(policyNftId, payoutId);
-        StateId payoutState = instanceReader.getPayoutState(policyNftId, payoutId);
-        if(payoutState != EXPECTED()) {
-            revert ErrorClaimServicePayoutNotExpected(policyNftId, payoutId, payoutState);
-        }
-
-        // check that payout amount does not violate claim amount
-        IPolicy.ClaimInfo memory claimInfo = instanceReader.getClaimInfo(policyNftId, payoutId.toClaimId());
-        if(claimInfo.paidAmount + payoutInfo.amount > claimInfo.claimAmount) {
-            revert ErrorClaimServicePayoutExceedsClaimAmount(
-                policyNftId, 
-                payoutId.toClaimId(), 
-                claimInfo.claimAmount, 
-                claimInfo.paidAmount + payoutInfo.amount);
-        }
+        IPolicy.ClaimInfo memory claimInfo;
+        address payoutBeneficiary;
+        Amount payoutAmount;
+        
+        {
+            // check that payout exists and is open
+            IPolicy.PayoutInfo memory payoutInfo = instanceReader.getPayoutInfo(policyNftId, payoutId);
+            payoutBeneficiary = payoutInfo.beneficiary;
+            payoutAmount = payoutInfo.amount;
+            StateId payoutState = instanceReader.getPayoutState(policyNftId, payoutId);
+            if(payoutState != EXPECTED()) {
+                revert ErrorClaimServicePayoutNotExpected(policyNftId, payoutId, payoutState);
+            }
 
-        // effects
-        // update and save payout info with instance
-        payoutInfo.paidAt = TimestampLib.blockTimestamp();
-        instanceStore.updatePayout(policyNftId, payoutId, payoutInfo, PAID());
+            // check that payout amount does not violate claim amount
+            claimInfo = instanceReader.getClaimInfo(policyNftId, payoutId.toClaimId());
+            if(claimInfo.paidAmount + payoutInfo.amount > claimInfo.claimAmount) {
+                revert ErrorClaimServicePayoutExceedsClaimAmount(
+                    policyNftId, 
+                    payoutId.toClaimId(), 
+                    claimInfo.claimAmount, 
+                    claimInfo.paidAmount + payoutInfo.amount);
+            }
 
-        Amount payoutAmount = payoutInfo.amount;
+            // effects
+            // update and save payout info with instance
+            payoutInfo.paidAt = TimestampLib.blockTimestamp();
+            instanceStore.updatePayout(policyNftId, payoutId, payoutInfo, PAID());
+        }
 
+        // update and save claim info with instance
         {
             ClaimId claimId = payoutId.toClaimId();
-            IPolicy.ClaimInfo memory claimInfo = instanceReader.getClaimInfo(policyNftId, claimId);
+            // TODO cleanup
+            // IPolicy.ClaimInfo memory claimInfo = instanceReader.getClaimInfo(policyNftId, claimId);
             claimInfo.paidAmount = claimInfo.paidAmount.add(payoutAmount);
             claimInfo.openPayoutsCount -= 1;
 
@@ -390,41 +381,19 @@ contract ClaimService is
         policyInfo.payoutAmount = policyInfo.payoutAmount + payoutAmount;
         instanceStore.updatePolicyClaims(policyNftId, policyInfo, KEEP_STATE());
 
-        // inform pool about payout
-        _poolService.processPayout(
-            instance, 
-            address(instanceReader.getComponentInfo(policyInfo.productNftId).token),
-            policyNftId, 
-            policyInfo, 
-            payoutAmount);
-        
-        // transfer payout token and fee
-        {
-            (
-                Amount netPayoutAmount,
-                Amount processingFeeAmount,
-                address beneficiary
-            ) = _calculatePayoutAmount(
-                instanceReader,
-                policyNftId,
-                policyInfo,
-                payoutInfo);
-
-            emit LogClaimServicePayoutProcessed(policyNftId, payoutId, payoutAmount, beneficiary, netPayoutAmount, processingFeeAmount);
-
-            {
-                NftId poolNftId = getRegistry().getObjectInfo(policyInfo.bundleNftId).parentNftId;
-                IComponents.ComponentInfo memory poolInfo = instanceReader.getComponentInfo(poolNftId);
-                poolInfo.tokenHandler.pushToken(
-                    beneficiary, 
-                    netPayoutAmount);
-
-                // TODO add 2nd token tx if processingFeeAmount > 0
-            }
+        emit LogClaimServicePayoutProcessed(policyNftId, payoutId, payoutAmount);
 
-            // callback to policy holder if applicable
-            _policyHolderPayoutExecuted(policyNftId, payoutId, beneficiary, payoutAmount);
-        }
+        // effects + interactions (push tokens to beneficiary, product)
+        // delegate to pool to update book keeping and moving tokens payout
+        (netPayoutAmount, processingFeeAmount) = _poolService.processPayout(
+            instanceReader,
+            instanceStore, 
+            policyInfo.productNftId, // product nft id 
+            policyNftId, 
+            policyInfo.bundleNftId, 
+            payoutId,
+            payoutAmount,
+            payoutBeneficiary);
     }
 
     function cancelPayout(
@@ -433,14 +402,13 @@ contract ClaimService is
     )
         external
         virtual
+        restricted()
     {
         // checks
         (
-            ,
-            IInstance instance,
+            ,,
             InstanceReader instanceReader,
             InstanceStore instanceStore,
-            IPolicy.PolicyInfo memory policyInfo
         ) = _verifyCallerWithPolicy(policyNftId);
 
         StateId payoutState = instanceReader.getPayoutState(policyNftId, payoutId);
@@ -464,6 +432,28 @@ contract ClaimService is
 
     // internal functions
 
+    function _checkClaimAmount(
+        NftId policyNftId,
+        IPolicy.PolicyInfo memory policyInfo,
+        Amount claimAmount
+    )
+        internal
+        pure
+    {
+        // check claim amount > 0
+        if (claimAmount.eqz()) {
+            revert ErrorClaimServiceClaimAmountIsZero(policyNftId);
+        }
+
+        // check policy including this claim is still within sum insured
+        if(policyInfo.claimAmount + claimAmount > policyInfo.sumInsuredAmount) {
+            revert ErrorClaimServiceClaimExceedsSumInsured(
+                policyNftId, 
+                policyInfo.sumInsuredAmount,
+                policyInfo.payoutAmount + claimAmount);
+        }
+    }
+
     function _createPayout(
         NftId policyNftId, 
         ClaimId claimId,
@@ -477,11 +467,10 @@ contract ClaimService is
     {
         // checks
         (
-            ,
-            ,
+            ,,
             InstanceReader instanceReader,
             InstanceStore instanceStore,
-            IPolicy.PolicyInfo memory policyInfo
+            // IPolicy.PolicyInfo memory policyInfo
         ) = _verifyCallerWithPolicy(policyNftId);
 
         IPolicy.ClaimInfo memory claimInfo = instanceReader.getClaimInfo(policyNftId, claimId);
@@ -528,45 +517,6 @@ contract ClaimService is
     }
 
 
-    function _calculatePayoutAmount(
-        InstanceReader instanceReader,
-        NftId policyNftId,
-        IPolicy.PolicyInfo memory policyInfo,
-        IPolicy.PayoutInfo memory payoutInfo
-    )
-        internal
-        view
-        returns (
-            Amount netPayoutAmount,
-            Amount processingFeeAmount,
-            address beneficiary
-        )
-    {
-        Amount payoutAmount = payoutInfo.amount;
-
-        if(payoutAmount.gtz()) {
-            NftId productNftId = policyInfo.productNftId;
-
-            // get pool component info from policy or product
-            NftId poolNftId = getRegistry().getObjectInfo(policyInfo.bundleNftId).parentNftId;
-            IComponents.ComponentInfo memory poolInfo = instanceReader.getComponentInfo(poolNftId);
-
-            netPayoutAmount = payoutAmount;
-
-            if (payoutInfo.beneficiary == address(0)) {
-                beneficiary = getRegistry().ownerOf(policyNftId);
-            } else { 
-                beneficiary = payoutInfo.beneficiary;
-            }
-
-            IComponents.FeeInfo memory feeInfo = instanceReader.getFeeInfo(productNftId);
-            if(FeeLib.gtz(feeInfo.processingFee)) {
-                // TODO calculate and set net payout and processing fees
-            }
-        }
-    }
-
-
     function _verifyCallerWithPolicy(
         NftId policyNftId
     )
@@ -581,7 +531,7 @@ contract ClaimService is
             IPolicy.PolicyInfo memory policyInfo
         )
     {
-        (productNftId,, instance) = _getAndVerifyActiveComponent(PRODUCT());
+        (productNftId, instance) = _getAndVerifyActiveProduct();
         instanceReader = instance.getInstanceReader();
         instanceStore = instance.getInstanceStore();
 
@@ -594,6 +544,29 @@ contract ClaimService is
         }
     }
 
+
+    function _getAndVerifyActiveProduct() 
+        internal 
+        view 
+        returns (
+            NftId productNftId,
+            IInstance instance
+        )
+    {
+        (
+            IRegistry.ObjectInfo memory info,
+            address instanceAddress
+        ) = ContractLib.getAndVerifyComponent(
+            getRegistry(),
+            msg.sender, // caller
+            PRODUCT(),
+            true); // isActive 
+
+        // get component nft id and instance
+        productNftId = info.nftId;
+        instance = IInstance(instanceAddress);
+    }
+
     function _verifyClaim(
         InstanceReader instanceReader,
         NftId policyNftId, 
@@ -647,22 +620,7 @@ contract ClaimService is
         }
     }
 
-
-    function _policyHolderPayoutExecuted(
-        NftId policyNftId, 
-        PayoutId payoutId,
-        address beneficiary,
-        Amount payoutAmount
-    )
-        internal
-    {
-        IPolicyHolder policyHolder = _getPolicyHolder(policyNftId);
-        if(address(policyHolder) != address(0)) {
-            policyHolder.payoutExecuted(policyNftId, payoutId, payoutAmount, beneficiary);
-        }
-    }
-
-
+    // TODO: move to policy helper lib or something
     function _getPolicyHolder(NftId policyNftId)
         internal 
         view 

package/contracts/product/ClaimServiceManager.sol

@@ -17,7 +17,7 @@ contract ClaimServiceManager is ProxyManager {
     ) 
     {
         ClaimService svc = new ClaimService{salt: salt}();
-        bytes memory data = abi.encode(registry, authority);
+        bytes memory data = abi.encode(authority, registry);
         IVersionable versionable = initialize(
             registry,
             address(svc), 

package/contracts/product/IApplicationService.sol

@@ -6,7 +6,6 @@ import {IService} from "../shared/IService.sol";
 
 import {Amount} from "../type/Amount.sol";
 import {NftId} from "../type/NftId.sol";
-import {ObjectType} from "../type/ObjectType.sol";
 import {ReferralId} from "../type/Referral.sol";
 import {RiskId} from "../type/RiskId.sol";
 import {Seconds} from "../type/Seconds.sol";
@@ -15,11 +14,34 @@ import {Seconds} from "../type/Seconds.sol";
 /// only product components may call transaction functions
 interface IApplicationService is IService {
     
+    event LogApplicationServiceApplicationCreated(
+        NftId applicationNftId,
+        NftId productNftId,
+        NftId bundleNftId, 
+        RiskId riskId,
+        ReferralId referralId,
+        address applicationOwner,
+        Amount sumInsuredAmount,
+        Amount premiumAmount,
+        Seconds lifetime);
+    event LogApplicationServiceApplicationRenewed(NftId policyNftId, NftId bundleNftId);
+    event LogApplicationServiceApplicationAdjusted(
+        NftId applicationNftId, 
+        NftId bundleNftId, 
+        RiskId riskId, 
+        ReferralId referralId, 
+        Amount sumInsuredAmount, 
+        Seconds lifetime);
+    event LogApplicationServiceApplicationRevoked(NftId applicationNftId);
+
     // _checkLinkedApplicationParameters
+    error ErrorApplicationServiceRiskProductMismatch(RiskId riskId, NftId riskProductNftId, NftId productNftId);
     error ErrorApplicationServiceRiskUnknown(RiskId riskId, NftId productNftId);
     error ErrorApplicationServiceRiskPaused(RiskId riskId, NftId productNftId);
     error ErrorApplicationServiceBundleUnknown(NftId bundleNftId, NftId poolNftId);
     error ErrorApplicationServiceBundleLocked(NftId bundleNftId, NftId poolNftId);
+    error ErrorApplicationServiceReferralInvalid(NftId productNftId, NftId distributionNftId, ReferralId referralId);
+    
 
     /// @dev creates a new application based on the specified attributes
     /// may only be called by a product component

package/contracts/product/IClaimService.sol

@@ -19,7 +19,6 @@ import {Fee} from "../type/Fee.sol";
 interface IClaimService is
     IService
 {
-
     event LogClaimServiceClaimSubmitted(NftId policyNftId, ClaimId claimId, Amount claimAmount);
     event LogClaimServiceClaimConfirmed(NftId policyNftId, ClaimId claimId, Amount confirmedAmount);
     event LogClaimServiceClaimDeclined(NftId policyNftId, ClaimId claimId);
@@ -27,7 +26,7 @@ interface IClaimService is
     event LogClaimServiceClaimClosed(NftId policyNftId, ClaimId claimId);
 
     event LogClaimServicePayoutCreated(NftId policyNftId, PayoutId payoutId, Amount amount, address beneficiary);
-    event LogClaimServicePayoutProcessed(NftId policyNftId, PayoutId payoutId, Amount amount, address beneficiary, Amount netAmount, Amount processingFeeAmount);
+    event LogClaimServicePayoutProcessed(NftId policyNftId, PayoutId payoutId, Amount amount);
     event LogClaimServicePayoutCancelled(NftId policyNftId, PayoutId payoutId);
 
     error ErrorClaimServiceBeneficiarySet(NftId policyNftId, PayoutId payoutId, address beneficiary);
@@ -126,7 +125,7 @@ interface IClaimService is
     function processPayout(
         NftId policyNftId, 
         PayoutId payoutId
-    ) external;
+    ) external returns (Amount netPayoutAmount, Amount processingFeeAmount);
 
     /// @dev cancels the specified payout. no tokens are moved, payout is set to cancelled. 
     function cancelPayout(

package/contracts/product/IPolicyService.sol

@@ -5,7 +5,6 @@ import {IService} from "../shared/IService.sol";
 
 import {Amount} from "../type/Amount.sol";
 import {IInstance} from "../instance/IInstance.sol";
-import {InstanceReader} from "../instance/InstanceReader.sol";
 import {NftId} from "../type/NftId.sol";
 import {StateId} from "../type/StateId.sol";
 import {Timestamp} from "../type/Timestamp.sol";
@@ -16,17 +15,20 @@ interface IPolicyService is IService {
     event LogPolicyServicePolicyDeclined(NftId policyNftId);
     event LogPolicyServicePolicyPremiumCollected(NftId policyNftId, Amount premiumAmount);
     event LogPolicyServicePolicyActivated(NftId policyNftId, Timestamp activatedAt);
-    event LogPolicyServicePolicyExpirationUpdated(NftId policyNftId, Timestamp originalExpiredAt, Timestamp expiredAt);
+    event LogPolicyServicePolicyActivatedUpdated(NftId policyNftId, Timestamp activatedAt);
+    event LogPolicyServicePolicyExpirationUpdated(NftId policyNftId, Timestamp expiredAt);
     event LogPolicyServicePolicyClosed(NftId policyNftId);
 
+    error LogPolicyServiceMaxPremiumAmountExceeded(NftId policyNftId, Amount maxPremiumAmount, Amount premiumAmount);
     error ErrorPolicyServicePolicyProductMismatch(NftId applicationNftId, NftId expectedProductNftId, NftId actualProductNftId);
     error ErrorPolicyServicePolicyStateNotApplied(NftId applicationNftId);
     error ErrorPolicyServicePolicyStateNotCollateralized(NftId applicationNftId);
     error ErrorPolicyServicePolicyAlreadyActivated(NftId policyNftId);
 
-    error ErrorPolicyServiceBalanceInsufficient(address policyOwner, uint256 premiumAmount, uint256 balance);
-    error ErrorPolicyServiceAllowanceInsufficient(address policyOwner, address tokenHandler, uint256 premiumAmount, uint256 allowance);
-
+    error ErrorPolicyServicePolicyNotActivated(NftId policyNftId);
+    error ErrorPolicyServicePolicyActivationTooEarly(NftId policyNftId, Timestamp lowerLimit, Timestamp activatedAt);
+    error ErrorPolicyServicePolicyActivationTooLate(NftId policyNftId, Timestamp upperLimit, Timestamp activatedAt);
+    
     error ErrorPolicyServiceInsufficientAllowance(address customer, address tokenHandlerAddress, uint256 amount);
     error ErrorPolicyServicePremiumAlreadyPaid(NftId policyNftId);
 
@@ -43,14 +45,21 @@ interface IPolicyService is IService {
     error ErrorPolicyServiceTransferredPremiumMismatch(NftId policyNftId, Amount expectedPremiumAmount, Amount transferredPremiumAmount);
 
     /// @dev creates the policy from {applicationNftId}. 
+    /// @param applicationNftId the application NftId
+    /// @param activateAt the timestamp when the policy should be activated
+    /// @param maxPremiumAmount the maximum premium amount that the policy holder is willing to pay
+    /// During policy creation, the effective premium amount is calculated based on the provided parameters. If this
+    /// amount is higher than the maxPremiumAmount, the function will revert.
     /// After successful completion of the function the policy can be referenced using the application NftId.
     /// Locks the sum insured amount in the pool, but does not transfer tokens. Call collectPremium to transfer tokens. 
     /// Sets the policy state to collateralized.
     /// Optionally activates the policy if activateAt is a non-zero timestamp.
     /// only the related product may create a policy from an application
+    /// @return premiumAmount the effective premium amount
     function createPolicy(
         NftId applicationNftId,
-        Timestamp activateAt
+        Timestamp activateAt,
+        Amount maxPremiumAmount
     )
         external
         returns (Amount premiumAmount);
@@ -67,6 +76,11 @@ interface IPolicyService is IService {
     /// to activate a policy it needs to be in underwritten state
     function activate(NftId policyNftId, Timestamp activateAt) external;
 
+    /// @dev adjusts the activation date of the specified policy and sets the new activation date in the policy metadata
+    /// to adjust the activation date of a policy it needs to have an activation date set. 
+    /// the new activation date must not be before the current block timestamp or after the expiry date
+    function adjustActivation(NftId policyNftId, Timestamp newActivateAt) external;
+
     /// @dev Expires the specified policy and sets the expiry date in the policy metadata. 
     /// Function consumers are products.
     /// If expiry date is set to 0, then the earliest possible expiry date (current blocktime) is set
@@ -85,6 +99,4 @@ interface IPolicyService is IService {
     /// Function consumers is claim service.
     function expirePolicy(IInstance instance, NftId policyNftId, Timestamp expireAt) external returns (Timestamp expiredAt);
 
-    /// @dev Returns true iff policy is closeable
-    function policyIsCloseable(InstanceReader instanceReader, NftId policyNftId) external view returns (bool isCloseable);
 }

package/contracts/product/IPricingService.sol

@@ -14,6 +14,7 @@ interface IPricingService is IService
 {
 
     error ErrorPricingServiceTargetWalletAmountsMismatch();
+    error ErrorPricingServiceRiskProductMismatch(RiskId riskId, NftId riskProductNftId, NftId productNftId);
     error ErrorPricingServiceBundlePoolMismatch(NftId bundleNftId, NftId bundlePoolNftId, NftId poolNftId);
     error ErrorPricingServiceFeeCalculationMismatch(
         Amount distributionFeeFixAmount,

package/contracts/product/IRiskService.sol

@@ -1,23 +1,27 @@
 // SPDX-License-Identifier: Apache-2.0
 pragma solidity ^0.8.20;
 
-import {IRisk} from "../instance/module/IRisk.sol";
 import {IService} from "../shared/IService.sol";
 
 import {NftId} from "../type/NftId.sol";
-import {ReferralId} from "../type/Referral.sol";
 import {RiskId} from "../type/RiskId.sol";
 import {StateId} from "../type/StateId.sol";
-import {Timestamp} from "../type/Timestamp.sol";
-import {UFixed} from "../type/UFixed.sol";
-import {Fee} from "../type/Fee.sol";
 
 interface IRiskService is IService {
 
+    event LogRiskServiceRiskCreated(NftId productNftId, RiskId riskId);
+    event LogRiskServiceRiskUpdated(NftId productNftId, RiskId riskId);
+    event LogRiskServiceRiskStateUpdated(NftId productNftId, RiskId riskId, StateId newState);
+
+    error ErrorRiskServiceRiskProductMismatch(RiskId riskId, NftId riskProductNftId, NftId productNftId);
+
+    /// @dev Create a new risk with the given id and provided data. 
+    /// The key of the risk derived from the risk id in comination with the product NftId. 
+    /// Risk data is stored in the instance store. 
     function createRisk(
-        RiskId riskId,
+        bytes32 id,
         bytes memory data
-    ) external;
+    ) external returns (RiskId riskId);
 
 
     function updateRisk(