Oracle® Insurance Policy Administration 9.1.0.0.0 E15811-01

# Disbursements

Disbursements are the payment of money from the company to a client, broker or any other entity. For annuity contracts, payment that is made by insurers towards deferred annuity contracts during the accumulated period is also categorized as a disbursement. In OIPA, the disbursement activity handles these situations and is automatically generated for FreeLook, Withdrawal and FullSurrender.