Oracle® Insurance Policy Administration 9.4.0.0 E18894_01

# End of Month Process

Various charges may be necessary from the payee under the annuity policy for items such as policy administration, rider charges and/or cost of insurance. These charges may be collected every year, month, quarter or other mode. The End Of Month Process activity is a system generated activity that calculates monthly costs of the policy.

The EndOfMonthProcess activity calculates the charges for riders each month, sums them up and then deducts these charges from the account value at the end of each quarter for policies. The policy must have at least one rider for this to process.

End of Month and End of Quarter Process Activites

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