Insurance_Contract_Change

The change of the insurance contract is carried out via a change copy or variant, it is necessary to select the corresponding Contract Change Type when starting it.

In general, changing/terminating an insurance contract can only be done during an unblocked period.

Blocking of insurance contracts occurs in two ways:

Posted payment, the client's insurance calendar has a given period with the flag Posted = Yes (the flag is carried over from the payment calendar of the financing contract, if necessary to cancel at this level.)
The insurance company's insurance calendar is blocked by the issued master statement. The period is flagged to Blocked and Sent = Yes. A legal user has the option to temporarily remove the block.

Insurance changes:

Insurance change by wizard

In the Insurance Contract Overview, the user terminates the Validity to the insurance contract that he wants to replace with a new one.
On the course, it launches the wizard for creating insurance contracts. By terminating the original insurance, the wizard will offer new insurance for the product. If the insurance is not terminated, the wizard will display 0 for the product.
Selecting an insurance contract and completing the wizard will create an insurance contract in the Preparation status with the date Valid to = current date. The user needs to enter the insurance contract and adjust the date as needed. The end and start dates of the original and new insurance contracts should be continuous. Otherwise, the system will print a warning message.
After editing the financing contract, the user starts the payment calculation.
Subsequently, return to the insurance contract overview and the status of new contracts will switch from Preparation to Active.
The change copy can be transferred.

Insurance change by copying

In the Insurance Contract Overview, the user copies the original contract via the Create and Copy buttons.
It will ensure continuous insurance by terminating the Validity To of the original contracts and adjusting the Validity To on the new contracts so that the subject is insured without interruption. Alternatively, if necessary, adjust the parameters of the new contract.
After editing the financing contract, the user starts the payment calculation.
Subsequently, return to the insurance contract overview and the status of new contracts will switch from Preparation to Active.
The change copy can be transferred.

Additional creation of an insurance contract

If the client requires additional insurance of some kind of additional insurance, the user runs the wizard to create an insurance contract in the Overview/Card of the financing product and selects the required insurance.
The validity of the additionally negotiated insurance contract can be modified by the user:
- The first day of the unposted period.
- From Date Retrospectively
  - In this case, the user has to fill in the values on the Insurance Contract Card, Posting tab, in the First Posting Date field, where he enters the posting date of the first unposted payment.
  - When calculating, the OC will settle the insurance for past installments collectively in the first unposted installment.
After additional insurance and adjustment, the user starts the payment calculation over the financing contract.
Subsequently, return to the insurance contract overview and the status of new contracts will switch from Preparation to Active.
The change copy can be transferred.