New Allocation Methods Prototype

OIPAusers now have the option to employ several new allocation methods.

Prototype Prerequisites

Prototype Explanation

The following business rules and transactions were configured in the Model Prototype Plan, located within the Prototype Company, to demonstrate this new functionality.

Business Rules

Transactions

View Prototype in OIPA

  1. Log in to OIPA using the Prototype Company user ID and password.
  2. Open a policy in "Pending" status or create a new policy. The policy should belong to a plan that uses the Model Supported allocation method. If creating a new policy, the PremiumWithAllocation activity can be used to apply the premium to multiple funds.
  3. Select Allocations from the menu on the left side of the screen.
  4. Note that each allocation's Allocation Method drop-down box has Percent, Amount, Units and Mixed available for selection.
  5. Note that if Mixed is chosen from the Allocation Method drop-down box, the Method drop-down box has Percent, Amount and Units available for selection. If Percent, Amount or Units is selected, note that each field in the Mixed column changes to reflect the allocation method chosen.
     
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