StatusChange
This business rule processes any status changes on a policy bringing the policy up to date. Processing the transaction or requirement to which this business rule is attached will change the status of the policy to the one specified in this rule. For example, changing the policy status from lapse to loan repayment.
Element/Tag | Definition | Attribute | Element/Attribute Value and Description |
---|---|---|---|
<StatusChange> |
The opening and closing tag for the business rule. |
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<Change> |
Required: Determines whether the policy's status should be changed or not.
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|
Required:
String
No: Indicates
the policy's status should not be changed. |
IIF |
Optional:String: ="EXPRESSION" For example: IIF = "1=1" The condition that MUST be satisfied (IIF means If and Only If) in order to change the status. |
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<To-StatusCode> |
Required: Indicates the policy status code that the policy's status should change
to.
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Required
element value: |
XML Example
<StatusChange>
<Change>Yes</Change>
<To-StatusCode>07</To-StatusCode>
</StatusChange>