12.7. Life Calculation Model Entry Code Maintenance

Calculation Model Entry Code Maintenance icon.

In order to perform the calculations on an Individual cession, mappings must be provided that link calculation names to entry codes.

This will allow SICS to automatically calculate the accounting items on cessions, either to generate the items initially, or so that entered accounting values may be validated against the calculation rules specified on the business to which the cession is attached.

Note! Calculation Model Entry Code Maintenance applies to SICS Life only.

Click the Calculation Model Entry Code Maintenance icon to see the window where you can provide these mappings.

Before working in this window, you must click the Edit button. Then, on the Calculation Model tab, select a Calculation Name, click the corresponding Entry Code column, and select an entry code from the drop-down list that appears. (The same principle applies to the Other Deductions tab, which lets you map entry codes to various types of Other Deductions.)

Matching entry codes to calculation names lets the system display the appropriate entry code on the Account Costing Items tab of the Edit Cession window, when the Calculate ACI button is applied.

For both Calculation Model and Other Deductions an Entry Code can be linked to one Calculation Name only.

For Claims, the system is not calculating claim amounts as such. However, when the user has accepted or overridden the defaulted Claim Liability amount within a claim status that results in the generation of Claims ACI’s (generally a status of Paid, In Payment or Special Paid), the system still needs to know which Entry Code to use for the default display on the Claims ledger.

Contrary to the principle on the Calculation Model and Other Deductions tabs, one can link an Entry Code to more than one claim type.