Insurance Contract Menu

There is a menu of buttons on the overview/tab of the insurance contract.

Create

• Copy

  • A feature that you can use to create insurance contracts by copying existing ones.

Process

• Individual Contract Card

  • Option to open the individual insurance contract card

  • The Individual Insurance Contract Card is above the same table as the Insurance Contract Card. Some fields are hidden on the card because the user does not need to keep track of them in the case of individual insurance contracts

  • For IPZ, only the commission calendar is calculated

• Requested Documents

  • List of required documents for the given insurance contract with their status

• Change Requests

  • List of Insurance Contract Change Requests

• Pledge of Insurance

  • List of Pledges Issued to the Insurance Contract

• Unblockages

  • Records of Insurance Contract Devinculations

  • In this overview, the user can record requests for devinculation with the result of consent, disagreement and the contact for whom it is issued (service, customer)

• Inspections

  • Records of object inspections

• Coefficients

  • Insurance Contract Coefficient List

• Insurance Condition Text

  • The user can see text conditions from all levels of insurance settings (product, variant, framework agreement, set, rate) that apply to the insurance contract

  • On the insurance contract, the text terms and conditions of the insurance are not editable. They can be divided into external and internal texts. They can be used for prints.

• Contract Rate Change

  • List of changes made to insurance contract rates by coefficient

  • For details, see the Mass Insurance Change documentation

Calculations

• Calculation

  • The function calculates the premium on the insurance contract, creates the Client Calendar, the Insurance Company Calendar and the Commission Calendar

    • If a Payment Calendar is not created on the Financing Contract, then even though the policy has Include in Payment = Yes, the calculation does not create Calendar for the client

    • Calendar for insurance company and Commission Calendar Functions always create

• Commissions Calculation

  • If the user changes the definition of commission on the insurance contract, he can use this function to calculate the commission calendar

  • The function calculates only the Commission Calendar

• Parameter Recalculation

  • The function calculates the parameters of the insurance contract, e.g. after changing the decisive field (date of first registration – age of the car, method of use, etc.)

Calendars

• Client Calendar

• Insurance Company Calendar           

• Commissions Calendar

• The insurance calendars system creates:

  • By calculating an insurance contract using the Calculate on Overview or Insurance Contract Card

  • By calculating the Financing Contract using the Complete Calculation or Calculator Linesthat can be run from the Financing Contract Overview/Header

  • Calculation when activating the contract via the wizard.

Client Calendar

Field:

• Part Payment No.

  • The system automatically numbers insurance payments starting with 001

  • The first regular instalment and the first regular instalment are numbered with the same number 001

• Financing Part Payment No.

  • If the policy is included in the payment of the financing contract, this field contains the payment number of the payment calendar in which the insurance payment is included

  • The system assigns the insurance payment to the payment from the SPK contract according to the Posting Date. Posting Date from the client's calendar row is from the interval Period From-To in the Contract Terms and Conditions

• Period From

  • The beginning of the period of the given insurance payment. In the case of the first instalment, this is the beginning of the insurance – Valid From

• Period To

  • End of the period of the given insurance payment. In the case of the last instalment, this is the end of the insurance – Valid To

• Posting Date

  • Accounting period according to which the system deploys premiums to the financing repayment

• Amount

  • Calculated value of the given payment

  • If the insurance policy was reported Online before the Handover Date (Handover Date > Valid From), the amount in the first line of the calendar will not correspond to the number of days in the period - see Insurance Period. "Modification of insurance calculation - in case of difference between reporting date and handover date" Insurance Calendars and Online Insurance

  • There may also be a difference at the end of the policy, if the policy is deregistered by the user on the current date, but "the date of handover of the object is in the past - see "Change of contract status and declaration/deregistration of insurance policies" Insurance Calendars and Online Insurance

• Pro rata (Pro Rata)

  • For a product with a pro rata, the system marks the payment with the one calculated for the rata – the amount for the first incomplete period. Pro rata is posted to the following period.

• Posted (Posted)

  • If the user posts a lease payment, the insurance payment is also posted. The check mark cannot be removed by the user. You can't change a posted period. The user can cancel the lease payment, whereby the system releases the payment and removes the flag Posted. Then it is possible to change the insurance contract using the change copy. When changing an insurance contract, the system also checks the insurance payment schedule for the insurance company and the commission calendar.

• Include in Payment

  • An indication that the premium is part of the lease payment.

Insurance Company Calendar

Field description:

• Part Payment No.

  • The system automatically numbers insurance payments starting with 001

  • The loss payment and the first regular payment are numbered with the same number 001

• Period From

  • The beginning of the period of the given payment. In the case of the first instalment, this is the beginning of the insurance – Validity from

• Period To

  • End of the payment period. In the case of the last instalment, this is the end of insurance – Valid to

• Posting Date

  • Accounting period, for the payment of premiums to the insurance company. According to this date, the system reads contracts into the insurance statement of the type Strain

• Amount

  • Calculated value of a given insurance payment for the insurance company

• Pro rata (Pro Rata)

  • For a product with a pro rata (an incomplete period at the beginning), the system will mark the payment with the one calculated for the rate – the amount for the first incomplete period

• Blocked

  • After the insurance statement is issued, the system marks the type Strain with the given insurance payment. The period is thus closed for any changes

  • You can manually change the flag to No A user who has permissions in the User Setup –field Allow Unblock Insurance Report

• Sent (Reported)

  • After the insurance statement is issued, the system marks the type Strain with the given insurance payment. The statement is the basis for the payment of premiums to the insurance company.

  • You can manually change the flag to No A user who has permissions in the User Setup –field Allow Unblock Insurance Report

• Include In Payment

  • An indication that the premium is part of the lease payment.

Insurance Commission Calendar

Field:

• Part Payment No.

  • The system automatically numbers insurance payments starting with 001

  • The loss payment and the first regular payment are numbered with the same number 001

• Commission Code

  • Identification of a specific commission

• Period From

  • Start of the commission payment period

• Period To

  • End of the commission payment period

• Posting Date

  • Posting period in which the system posted the premiums

• Commission Amount

  • Calculated value of the commission from the insurance payment for the insurance company

• Commission % (Commission %)

  • Commission percentage. Over time, the percentage may change even for insurance contracts that are already running.

• Commission Paid       

  • Matched Incoming Commission Amount (from Insurance Commission Payment Entries)

• Open

  • After the commission payment is settled from the incoming commission payment entries, the system removes the check mark in this field. Rows that are not open can no longer be changed. The system will consider the commission with the difference within the variance set in the Insurance Settings to be settled. Insurance Setup, General Tab, Commission Payment Variance field.

• Commission Payment Date

  • Completes the system Posting Date from the received commission item after it has been paired with a commission calendar line

Online

This section is displayed only when the field Insurance Reporting Online = Yes in Insurance settings.

Buttons:

• Verification of insurance

  • The button is only available on insurance contracts that have a field in the framework agreement Insurance Verification Required = Yes

  • Preparation for integration, used to start a call to verify the insurance rate

  • Checks to run the function:

    • Insurance Verification Required = Yes on the insurance framework contract

    • Verified = No on Insurance Contract 

    • Financing Contract Status < Active or Change Copy or Variant

• Insurance Reporting Online

  • The button is only available on insurance contracts that have a field in the framework agreement Insurance Reporting Online = Yes

  • Preparation for integration, used to report the creation (addition) of an insurance contract before the activation of the financing contract

  • Can be used only before the activation of the financing contract

  • It is intended for the case when the contract is already in a detailed state with the flag set Reporting online = Yes

  • Checks to run the function:

    • Verified = Yes on an insurance contract that has Insurance Verification Required = Yes

    • Financing Contract Status < Active

    • Insurance Company Check-in Date = empty

• Termination of insurance Before activating the FIN contract.

  • The button is only available on insurance contracts that have a field Insurance Reporting Online = Yes Before Financing Contract Activation

  • Preparation for integration, used to report the termination of an insurance contract before activating a financing contract

  • It is used to trigger a call to report the termination of the "second-hand" insurance policy (disposal) on the terminated financing contract and is in a state that does not require a change copy

  • Once the function is confirmed, the system checks:

    • Termination Code = Filled in

    • Reporting Online = Yes

    • Financing Contract Status < Active

    • Insurance Company Check-in Date = completed

    • Insurance Company Check-Out Date = empty

    • Valid to >= current day. If:

      • No

        • Checks if there is a flag on the Exit Code Allowed to terminate retroactively = Yes. If:

          • No = Displays a blocking message to the user and does not continue

• Unsubscribing poj. removed items OnLine

  • The button is only available on insurance contracts that have:

    • Field Reporting online = Yes

    • When the function starts, the system checks:

      • On the insurance framework contract field Removed Items Contract = Yes

      • On the detailed contract status field Change without Change List = Yes (can only be run on the original contract)

      • Field Insurance Company Check-in Date = completed

      • Field Insurance Company Check-Out Date = empty

      • Field Valid to >= current day if

  • Preparation for integration, used to trigger a call to report the termination of the "second-hand" insurance policy (decrease)

• Log poj. Online

  • Preparation for integration, overview of calls for a given insurance contract.