Processes
Payout Insurer Balances
Purpose To automatically pay to insurers amounts that are due to them by direct credit or cheque. Insurer accounts can be selectively excluded from this process Timing This process is usually run towards the end of the day, once all loans for the day ...
Reconciling Insurer Accounts
Purpose Insurer Accounts record transactional activity generated from Fixed Loan and Variable Loan modules when insurance is financed. These transactions result in balances that are normally paid out to insurer creditors, or in some cases is ...
Create & Print Insurance Renewal Letters
Purpose This process provides the ability to automatically generate Insurance Renewal letters Renewal letters will only be produced for policies whose policy types have the 'Renewal Letter Required' flag checked Prior to running this process it is ...
Account Insurance Policy Posting
Purpose Records the liability of the insurer for policies loaded against Loan accounts since the process was last run. The process will post the premiums due to be paid to the Insurer and as a separate transaction, the commission earned by the ...