Oracle® Insurance Policy Administration 9.1.0.0.0 E15811-01

# Base Face Decrease

In some cases the insured may need to decrease the face amount of a policy. The base face decrease activity allows you to do this.

To add this activity, open the term policy you are working with and select Add Activity from the secondary menu.

Select BaseFaceDecrease from the activity drop down box. Then enter the new face amount for the policy.

The activity will display on the activity screen with a lightning bolt icon. Click the lightning bolt icon to process the activity. This activity will spawn the Calculate New Premiums activity, which when processed will spawn the COIPayment activity and the Billing activity.