CreateRates

The CreateRates business rule creates a rate group data table record and the rate data table records to go with it. Activity processing is expected to add rates by a “forward” processing activity. The CreateRates rule applies only to insurance rates, and not to interest rates.

The CreateRates rule must be attached to a Plan level transaction at either Primary or Subsidiary Company and be listed in the TransactionBusinessRulePacket of the transaction.

Note: Unlike other 'reversals' if the activity that created rates is reversed the Rate Group and Rates created by the original activity will not be reversed. This is to preserve results of any processing that may have used those rates (before they were reversed). Manual correction and rate clean-up may be necessary.

CreateRates: Elements and Attributes

Element/Tag	Attributes	Parent Element	Description	Element/Attribute Values
<CreateRates>			Opening and closing element of the rule.
<RateGroup>		<CreateRates>	Required:    Designates a section in the rule that allows the creation of a new rate group data table record and a new set of rates.
<RateDescription>		<RateGroup>	Required:    Identifies the rate group data table record to add by its description. This description must already exist.	Math variable or field containing a rate description.
<EffectiveDate>		<RateGroup>	Required:    Provides the date for the EffectiveDate column of AsRateGroup.	Math variable or field containing a valid date value.
<ActiveFromDate>		<RateGroup>	Required:    Provides the date for the ActiveFromDate column of AsRateGroup.	Math variable or field containing a valid date value.
<CreateRate>		<CreateRates>	Required, Repeatable:    Designates a section of the rule that provides a specific set of criteria (if applicable for the rate group data table record) and the new rates to go with them.
<Criteria>		<CreateRate>	Optional:    Designates a section to provide a specific set of criteria to go with a new set of rates.
<Criterion>		<CreateRate>	Required, Repeatable:    Provides a criteria value and criteria column.	Math variable or field containing a text value.
	NAME		Required:    Provides the business name for a criteria column as defined in AsRateGroup.	Literal value, math variable or field containing a text value.
<RateCollection>		<CreateRates>	Required:    Provides the new rates in a collection. The collection key correlates to an integer criteria value. The collection value is the new rate.	Math variable defined as a COLLECTION variable type.

XML Example

<CreateRates>

<RateGroup>

<RateDescription>SeriesFRatesMV</RateDescription>

<EffectiveDate>NewEffectiveDate</EffectiveDate>

<ActiveFromDate>NewEffectiveDate</ActiveFromDate>

<CreateRate>

<Criteria>

<Criterion NAME="Gender">GenderMaleMV</Criterion>

<Criterion NAME="UWClass">UWSelectMV</Criterion>

</Criteria>

<RateCollection>NewRatesMaleSelectCollection</RateCollection>

</CreateRate>

<CreateRate>

<Criteria>

<Criterion NAME="Gender">GenderMaleMV</Criterion>

<Criterion NAME="UWClass">UWStandardMV</Criterion>

</Criteria>

<RateCollection>NewRatesMaleStandardCollection</RateCollection>

</CreateRate>

<CreateRate>

<Criteria>

<Criterion NAME="Gender">GenderMaleMV</Criterion>

<Criterion NAME="UWClass">UWSmokerMV</Criterion>

</Criteria>

<RateCollection>NewRatesMaleSmokerCollection</RateCollection>

</CreateRate>

</RateGroup>

</CreateRates>