SE-1285
| [SE-1285] Reopen Premium Reserve when method is Percent of Premium | |
|---|---|
| Product Line: | P&C |
| Component/s: | Accounting General |
| Fix Version/s: | SICS 20.1 |
Aim of function
Running the Retrocession Calculation Order with the field 'Transfer to next Insured Period' on the Reserve Conditions, will rebook the Premium Reserve (when in Percent of Premium) in the next open Insured Period
E.g.
Reserve 1.000 booked in 2nd of 2, 2018, uw-year 2018 will be reopened in 1st of 2, 2019, uw-year 2019 on ORP 'as Booking' business ledger
This functionality is only possible for Prop Treaty OCC with Premium/Claim Accounting Basis = Clean Cut and when the field 'Transfer to next Insured Period' selected on the Reserve Conditions
System Parameters Affected
N/A
Existing functionality affected
Running the Retrocession Calculation Order
- for the last Account of the Insured Period for a Prop Treaty OCC with Premium Reserve Calculation Method = 'Percent of Premium'