Oracle® Insurance Policy Administration 9.4.1.0 E23637_01

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# 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.

Disbursements are system generated activities. When an activity is processed that moves money out of a policy, a disbursement activity is generated and will display on the Activity screen. Click the lightning bolt icon next to the disbursement to process it.

## View Disbursement Details

To view the details of a disbursement, click the Activity Details icon to the left of the Disbursement activity. This will open the Activity Details window. The links to disbursement details will be available. Disbursement details include:

- effective date

- person receiving the disbursement

- disbursement amount

- taxable amount

- payment address

- payout method

- error status

Before a disbursement can process, it must be approved.

Activity Detail icon for Disbursement

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