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You are here: Transaction Rules > Transaction Elements > Assignment Elements > Apply

Apply

Description

The Apply Assignment type, located in the transaction XML, is used to add premium.

Apply Assignment Type
Type

Apply

Allocations needed?

Yes

Attributes

BUCKET

The current bucket. Must be an integer value.

RATELOCKDATE

Date of rate lock.

Element Value

One or more MoneyType tags that define the amount and type of money to be applied.

Note:

Assignment fields can be both negative (removals) and positive (additions).  Removals are not validated against fund values.  Hence, additions should be more than removals.  The allocation records should be positive and must match total money-in amount/units or 100%.

Used when

To add Premium

Examples

Premium

 

Premium Bonus

XML Example

<Assignment TYPE="Apply">
<MoneyType NAME="MinusPremiumCharge">63</MoneyType>
<MoneyType NAME="MinusDeficitAccount">69</MoneyType>
</Assignment>

 

 

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