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StatusChange

Description

This business rule processes any status changes on a policy bringing the policy up to date. Processing the transaction attached to this business rule will change the status of the policy to the one specified in this rule. For example, changing the policy status from lapse to loan repayment.

StatusChange Element/Attribute Table
Element/Tag	Definition	Attribute	Element/Attribute Value and Description
<StatusChange>	The opening and closing tag for the business rule.
<Change>	Required; Determines whether the policy's status should be changed or not.		Required; String Yes: Indicates the policy's status should be changed. No: Indicates the policy's status should not be changed.
<Change>		IIF	Optional;String; ="EXPRESSION" For example: IIF = "1=1" The condition that MUST be satisfied (IIF means If and Only If) in order to change the status.
<To-StatusCode>	Required; Indicates the policy status code that the policy's status should change to.		Required element value; Code Policy status code from AsCode => AsCodeStatus table.

XML Example

<StatusChange>

<Change>Yes</Change>

<To-StatusCode>07</To-StatusCode>

</StatusChange>

Schema Example

<StatusChange>

<Change>Yes</Change>

<To-StatusCode>StatusCode01</To-StatusCode>

<StatusChange>