Defining an Aggregate Stop-Loss Pricing Rule for a Parent Customer

Prerequisites

To define an aggregate stop-loss pricing rule for a parent customer, you should have:

  • Business Object C1-PricingRule defined for pricing rule.

  • Business Object C1-PricingRuleASL defined for aggregate stop-loss pricing rule.

  • Pricing rule type defined in the application.

  • Price item defined in the application.

  • Rate option defined in the application.

  • Settlement frequency defined in the application.

  • Underwriter review defined in the application.

  • Values defined for the Reinsurer Person Relationship Type option type in the C1-ASOBLLNG feature configuration.

Procedure

To define an aggregate stop-loss pricing rule for a parent customer:

  1. Search for the account, person, or policy whose pricing details you want to view in the Customer 360° View screen.
  2. In the Search Results section, click the View (The View Icon) icon corresponding to the account, person, or policy whose pricing details you want to view.
    The Account, Person, or Policy tab in the Customer 360° Information screen appears.
  3. Click the Pricing Information tab and then click the Add link in the upper right corner of the Parent Customer Pricing Rules zone.

    The Pricing Rule screen appears. It contains the following fields:

    Field Name Field Description Mandatory (Yes or No)
    Person Name Displays the person name. Not applicable
    Person Type Displays the person type. Not applicable
    Pricing Rule Type Used to indicate the pricing rule type to create the pricing rule.
    Note: You can create an aggregate stop-loss pricing rule using the Pricing Rule Type for aggregate stop-loss.
    		 Yes
  4. Click OK.

    The Aggregate Stop-Loss (ASL) Pricing Rule screen appears. It contains the following sections:

    • Customer Information - Displays the customer information.

    • Main - Used to specify basic details about the aggregate stop-loss pricing rule.

    • Accumulation Parameters - Used to define the accumulation parameters based on which you want to accumulate the aggregate stop-loss for the transactions which are processed in the run-in or active period of the policy.

    • Run-In Parameters - Used to define run-in parameters in the run-in period of the policy.

    • Characteristics - Used to define the characteristics for an aggregation stop-loss pricing rule.

    The Customer Information section contains the following fields:

    Field Name Field Description Mandatory (Yes or No)
    Parent Customer Information Displays the parent customer information. Not applicable
    Pricing Rule Type Indicates the pricing rule type. Not applicable

    The Main section contains the following fields:

    Field Name Field Description Mandatory (Yes or No)
    Price Item Used to indicate the price item which you want to define for pricing. Yes
    Parent Customer's SSL or ASL Pricing Rules Used to indicate the pricing date range derived from the parent customer's specific stop-loss or aggregate stop-loss pricing rules.
    Note: This field is enabled when you select an option from the Price Item field.
    		 Yes
    Pricing Start Date Displays the pricing rule start date.
    Note: By default it displays the Policy Start Date.
    		 Not applicable
    Pricing End Date Displays the pricing rule end date.
    Note: This field displays date when you select the date range from Parent Customer's SSL or ASL Pricing Rules.
    		 Not applicable
    Rate Option Used to indicate the rate option which you want to use for defining the aggregate stop-loss pricing rule for the price item.
    Note: Options appears in this field when you select an option from the Price Item field.
    		 Yes
    Settlement Frequency Used to indicate the settlement frequency which helps to determine the bill after date. The valid values are:

    • Immediately - The bill after date is not calculated. The aggregate stop-loss billable charge is billed immediately in the next cycle.

    • Manually (At Required Intervals) - The bill after date specified in the Manual Settlement Date parameter while executing the C1-BCASL batch is stamped on the aggregate stop-loss billable charge.

    • Monthly - The bill after date specified in the Manual Settlement Date parameter while executing the C1-BCASL batch is stamped on the aggregate stop-loss billable charge.

    • Yearly - The bill after date in the aggregate stop-loss billable charge is set to the pricing end date.

    Note: This field is enabled when you select an option from the Price Item field.
    		 Yes
    Underwriter Review Used to indicate whether the underwriter settlement review flag is on or off. The valid values are:

    • Yes

    • No

    Note: This field is enabled when you select an option from the Price Item field.
    		 Yes
    Reinsurer Account Used to indicate the account of the reinsurer person (associated with the parent customer) which you want to use for defining the aggregate stop-loss pricing rule for the price item. No
  5. Enter the required details in the Main section.
  6. Define accumulation parameters in an aggregate stop-loss pricing rule, if required.
    Note: The Accumulation Parameters section appears when an option from the Price Item field is selected.
  7. Define run-in parameters in an aggregate stop-loss pricing rule, if required.
    Note: The Run-In Parameters section appears when an option from the Price Item field is selected.
  8. Define characteristics for an aggregate stop-loss pricing rule, if required.
  9. Click Save.
    The aggregate stop-loss pricing rule for a parent customer is defined.

Related Topics

For more information on... See...
Customer 360° Information - Pricing Information tab Customer 360° Information - Pricing Information
Parent Customer Pricing Rules zone Parent Customer Pricing Rules
How to define accumulation parameters in an aggregate stop-loss pricing rule Defining Accumulation Parameters in an Aggregate Stop-Loss Pricing Rule
How to define run-in parameters in an aggregate stop-loss pricing rule Defining Run-in Parameters in an Aggregate Stop-Loss Pricing Rule
How to define a characteristic for an aggregate stop-loss pricing rule Defining a Characteristic for an Aggregate Stop-Loss Pricing Rule