Fund Type and OIPA Valuation

The OIPA system performs standard calculations when valuing the following types of funds.  

• Fixed Funds:  Interest is calculated and added to the current amount invested in the fund to determine its value.  

• Variable Funds:  The current total number of units is multiplied by the current unit price to establish a fund’s value.

• Non-Invest Funds:  Viewing the amount of a fund, not included in the policy’s worth.  These are treated as fixed funds by OIPA.

• Unit Linked Funds: The current total number of units is multiplied by the current unit price to establish a fund’s value.  

These types of funds are listed in AsCodeFundTypes and should never be changed as the system will use these specific typecodes for valuation.