Oracle® Insurance Rules Palette
The release of OIPA 9.7.1.0 contains significant enhancements to the OIPA application. An explanation of the enhancements is provided below. Click the links within each enhancement to see the prototype samples and additional information provided in this help system.
OIPA now allows the role percentages for a role belonging to a policy or segment to exceed 100%. Role fixed fields can be retrieved in ScreenMath using TYPE=EXPRESSION and database column name both in Policy and Segment levels
PolicyScreen: This business rule is configured to allow the role percentages for a certain role to exceed 100%.
The Role screen fixed fields and Role percent can be retrieved in ScreenMath using TYPE=EXPRESSION and database column name like the same syntax as other field mathvariables (ActivityField, Field, ObjectField, PlanField, PolicyField and SegmentField)
Example (<MathVariable VARIABLENAME="PrimaryBeneficiaryRolePercent" TYPE="EXPRESSION"
DATATYPE="DECIMAL">RolePercent</MathVariable>)
Segment RiderWithRoles: This segment is configured to allow the role percentages for a certain role to exceed 100%.
The Chart of Accounts in OIPA performs accounting when:
a suspense record is created
a transaction that has financial implication is processed.
When the transaction is processed, transaction accounting is performed on the associated accounts. View the accounting details by clicking on the icon to the left of the processed activity. This will open the Activity Details window. Select the Accounting link.
The Accounting Details window displays the various accounts affected by that transaction, along with their Account Numbers, Description, Amount and Debit/Credit details. This information can be displayed in two tables: one with details for forward accounting and one with details for reversal accounting. SQL statements can also be run to view accounting for specific policies, account numbers, etc. Please see Querying Account Records for additional detail on SQL statements.The examples for the tables mentioned for forward and reversal accounting are provided in the relevant section under Chart of Accounts
Copyright © 2009, 2013, Oracle and/or its affiliates. All rights reserved. Legal Notices