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Oracle® Insurance Rules Palette Release 9.3.1.0 E21044_01

# Valuation Elements

## Description

The valuation elements initiate the valuation functionality. A valuation will be run for a policy prior to the activity being processed. The valuation information can be used during activity processing.

### Valuation Element

If included, the valuation engine will be called and a record is written to AsValuation. The values will be PRIOR to the activity processing. This element should be included if the Assignment element is included.

Element/Tag | Definition | Attribute | Element/Attribute Value and Description
<Valuation> | This is the start and end element for the transaction. | EFFECTIVEDATE POLICYVALUES | String: As of date for valuation. Overrides the date set in the EffectiveDate tag. Yes or No: If Yes, applicable PolicyValues business rule will be run in conjunction with Valuation processing. If not configured and rule is present then PolicyValues will run. Default is Yes.
<EffectiveDateNUVMustExist> |  |  | Yes: NUVs as of the activity effective date must be present in order for the transaction to process. No: Product only contains fixed funds.
<SystemDateNUVMustExist> |  |  | Yes: NUVs as of the system effective date must be present in order for the transaction to process. No: Product only contains fixed funds.

## XML Example

<Valuation>

<EffectiveDateNUVMustExist>No</EffectiveDateNUVMustExist>

<SystemDateNUVMustExist>No</SystemDateNUVMustExist>

</Valuation>

OR

<Valuation>

<EffectiveDateNUVMustExist>Yes</EffectiveDateNUVMustExist>

<SystemDateNUVMustExist>No</SystemDateNUVMustExist>

</Valuation>

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