How To Add A New Rate Quantity Rule Algorithm

If the RQ rule algorithms that are supplied with the base package are not sufficient for your rating requirements, you will have to write a new RQ rule algorithm. This section describes how to do this. After you have followed the steps outlined below, you can then set up the control tables necessary to invoke this algorithm as described under Setting Up Rate Quantity Rules.

Follow the following steps to define a new rate quantity (RQ) rule:

While RQ rules require an algorithm type, they do NOT require an algorithm. Why? Because you set up an RQ rule to define the values of the parameters passed to your program (and therefore you don't need an algorithm as algorithms exist to define the values of the parameters passed to a program).