Reinsurance Of Removed Objects

Job Reinsurance of insurance contracts Can be run from the Role Center Insurance across Actions/Changes/Reinsurance of Removed Items.

The batch task is used for mass reinsurance of removed items – e.g. change of insurance company.

Options tab

• New Framework Agreement

  • User enters the number of the New Framework Agreement for Removed Objects

• Execution Date

  • The user enters the date on which the reinsurance is to occur

• Execute (Process)

  • If the user does not check the Execute box, he can check the selected set of insurance contracts via preview or print. If the box is checked, the system will make the change.

Bookmarks

• Financed Contract Header

• Financed Object

• Insurance Contract

  • The user selects filters for the selection of insurance contracts for reinsurance.

If the check box is checked Execute The system terminates the original insurance contracts and creates new ones based on the new framework contract entered.

The batch job does not check the posting of calendar lines for the client if the default insurance contract is for removed items (the Removed items contract check mark on the insurance framework agreement).

The report can be used to re-insure collected items from one insurance company to another.