Oracle® Insurance Policy Administration 9.4.1.0 E23637_01

# Billing

The Billing activity is system generated and is spawned from the Billing Start activity. Billing will spawn additional billing activities according to the frequency specified in the Payment Mode field of the Policy screen.

Billing details are set when the policy is created. The policy details fields that hold billing information are:

- Payment method: Select Direct Bill.

- Payment mode: Select the frequency of billing.

The Billing Start activity is spawned by the Issue activity.

Billing Activities on Activity Screen

The Billing Stop activity is system generated and is spawned by the Mode Change activity. When the method of payment is changed from Direct Bill to EFT by the Mode Change activity, then the Billing Stop activity will be spawned. This stops direct billing.

The BillingStop activity can also be spawned from the Billing transaction when any of the following scenarios occur:

- if the billing suppress date is entered in the Policy screen.

- if there is a change in the payment mode.

- if the policy is surrendered.

- if a death claim is processed.

- in case of freelook/policy cancellations.

Copyright © 2009, 2011, Oracle and/or its affiliates. All rights reserved. Legal Notices