| [SE-1678] Prevent premium instalment due dates and payment dates from being prior to insured period from date | |
|---|---|
| Product Line: | P&C |
| Component/s: | Business |
| Fix Version/s: | SICS 4.9.5 |
Aim of function
Normally the first premium instalment of a treaty is due at the start date of the contract, or after, but not before. Some want still to allow instalment dates prior to contract start to minimize the number of messages given. Others want to improve data quality here and therefore do not allow instalment dates to be prior to the start of the contract.
It is now possible to set up the system to prohibit instalment due date and payment dates prior to the contract start.
System Parameters Affected
Business / Conditions / Limit and Premium / Prohibit premium installment dates prior to insured period
Existing functionality affected
Maintain System Parameters
Maintain Premium Instalment Schedule