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Administering Reserve Codes

You can define a reserve code for a particular reserve to determine how the reserve value is calculated. You can determine whether the reserve has a default value and whether that default value can be overridden. You use the reserve code in the Administration - Insurance screen, then the Loss Codes view as well as in the Loss Details - Auto, Loss Details - Property, and Reserves views in the Claims screen.

This task is a step in Process of Managing Claims.

To add a reserve code

1. Navigate to the Administration - Insurance screen, then the Reserve Codes view.
2. In the Reserve Code Administration list, create a new record, and complete the fields.
   Some fields are described in the following table.

   Field	Comments
   Code	Enter a code.
   Type	Select the type of reserve: Manual. The value is set at the time of creating the reserve code by the adjuster. Factor. The reserve has a default value. Calculated. The reserve value is computed in real-time by a business service. NOTE:  The customer must develop this business service during implementation.
   Factor Value	Enter the default value for a reserve of type Factor. The reserve will have this value when it is opened.
   Allow Override?	Whether the adjuster can override a default reserve value.