Which of the following is NOT typically created using business rules?

Business rules play a significant role in automating and managing various processes in insurance applications. They are primarily utilized to establish conditions, guide decision-making, and dictate actions that a system must take based on specific criteria.

Within the context of the options provided, contracts are generally not created using business rules. Instead, contracts are formal agreements that outline the terms and conditions of insurance coverage and are often predefined and fixed in nature. While business rules may govern how these contracts are managed or interpreted, the actual creation of a contract involves a more complex legal and formal process that extends beyond the operational parameters set by business rules.

Activities, exposures, and reserves, on the other hand, are typically managed through business rules. Business rules can define how activities are tracked and managed, set criteria for identifying exposures based on risk factors, and dictate reserve calculations based on established policies and guidelines. Thus, these components rely significantly on business rules for their operational functionality within the insurance suite.