Disbursement Overview

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.

Disbursement accounts are configured in the Rules Palette.  In order for the disbursement activity to process in OIPA, a disbursement transaction entity must exist in the Rules Palette Chart of Accounts.

There are several activities that will generate a disbursement activity in OIPA: FreeLook, Withdrawal, FullSurrender, ADDClalim, and SystematicWithdrawal.  When one of these activities is processed, the disbursement activity will display on the Activity screen.  Click the Activity Details icon to the left of the Disbursement activity to open the Activity Details window.  The links to disbursement details will be available.  Several links provide information about the disbursement including Detail, Math and Disbursement.

Activity Detail Icon for Disbursement