7.1 Process Cession Maintenance Detail

This topic provides the steps you need to follow to maintain a Cession ID.

The following are the steps you need to follow to maintain a Cession ID. Each of these steps is explained in detail in subsequent sections:

• Start the Cession Maintenance Detail screen.
• Enter information in the Cession Maintenance Detail screen.
• Save the information entered.

1. On Home screen, type LEDCMSD in the text box, and click Next.
   The Cession Maintenance Detail screen is displayed.

   Figure 7-1 Cession Maintenance Detail

   
   

   
   Description of "Figure 7-1 Cession Maintenance Detail"

   
   
2. On Cession Maintenance Detail screen, click New to enter the details.
   For more information on fields, refer to the field description table.

   Table 7-1 Cession Maintenance Detail - Field Description

   Field	Description
   Cession Maintenance	This section displays the following details.
   Cession ID	Alphanumeric; 3 Characters; Mandatory Specify a unique identification for the particular cession.
   Cession Type	Mandatory Select the appropriate type of cession that applies to this Cession ID, from the drop-down list. The cession type could be either Permanent or Temporary.
   Cession Description	Alphanumeric; 30 Characters; Mandatory Give a description of the cession that is being maintained in this record.
   Generate Policy Transfer Transaction?	Optional You can select Yes to generate policy transfer transaction. Else select No.
   Allow Policy Surrender?	Optional You can select Yes to allow policy surrender.
   Allow Policy Closure?	Optional You can select Yes to allow policy closure.

3. You will need to carry out the following steps in order to close a policy.
   1. Amend the Maturity Date of the policy through the Policy Find Options screen.
   2. Change the status of the policy to Matured through the Policy Status Change screen.

      Note:

      This check box will be enabled only if the Cession Type is Temporary.
4. Click Save when you have entered all the mandatory information.
   The system displays the following confirmation message Record Successfully Saved.
5. Click Ok button.
   This indicates the record has been saved.