Write-Off Charges during Post Runout

Oracle Revenue Management and Billing enables you to write-off the claim, specific stop-loss, aggregate stop-loss, claim based fees, enrollment based fees, ancillary, discount, and funds charges when the bill is generated in the post runout period of the policy. In this case, a write-off adjustment is created against the respective bill segment during the post bill completion. The write-off adjustment is created using the post runout write-off adjustment type which is specified in the respective pricing rule type.

To enable this feature, you need to do the following:

  1. Set the Eligible for Write-Off in Post Runout field in the respective pricing rule type to Yes.

  2. Specify the post runout write-off adjustment type in the respective pricing rule type.

  3. Attach the C1-PRCRLWOFF algorithm to the Post-Bill Completion system event in the customer class of the accounts for which you want to write-off the charges in the post runout period of the policy.