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 finance company.
Timing
Posting should be completed on a daily basis
Access
- Insurer | Post Insurance Due to Insurer
Process
Field | Explanation |
Value Date | Will default to todays date Do not change |
System | Defaults to All Do not change |
The Insurer accounts will be updated
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