PolicyValues

Description

The PolicyValues business rule should be configured at the plan level. This business rule is used with ValuesScreen business rule to display the value of the policy on the Values screen (Values screen can be invoked by clicking the Values button on the Policy screen). The PolicyValues business rule specifies the math variables that are to be used for calculating the policy value and displays the resulting values on the Values screen. The ValuesScreen business rule specifies how to display the value format (such as currency, text etc.) on the Values screen.

The PolicyValues business rule is invoked by processing the transaction that contains the <Valuation> element. When the PolicyValues business rule is not attached to a transaction, the system will not run any policy values calculation and hence the <PolicyValues> tag within the ValuationXML will be empty. As a result, the policy values section on the Values screen will be blank. Within the transaction XML, by using the POLICYVALUES attribute, the user can specify whether or not the PolicyValues business rule should be invoked and set to either Yes or No depending on the need.

When the attribute is set to Yes, policy values will be calculated.
When the attribute is set to No, calculation of policy values will be turned off.
When no attribute is present, it's treated as if the POLICYVALUES is set to YES and so the policy values will be calculated.

PolicyValues Element/Attribute Table

Element/Tag	Definition	Attribute	Element/Attribute Value and Description
<PolicyValues>	The opening and closing tag of the PolicyValues business rule.
<MathVariables>	Opening tag for defining MathVariables.
<MathVariable>	Required Element; Defines the description of the math variables. These math variables are used to calculate and display the policy values in the PolicyValues section of the Values screen. This business rule supports all <MathVariable> properties supported by transaction.

Schema Example

</MathVariables>

</PolicyValues>