Defining a Rate Guarantee Business Rule

To define a rate guarantee business rule, you should have:

  • Business rule type defined in the application

  • Rate guarantee business rule category defined in the application

  • Values defined in the BUS_​RULE_​CAT_​FLG lookup field

  • Status defined for the rate guarantee business rule in the application

Procedure

To define a rate guarantee business rule:

  1. Click the Admin link in the Application toolbar.
    A list appears.
  2. From the Admin menu, select B and then click Business Rule.
    A sub-menu appears.
  3. Click the Add option from the Business Rule sub-menu.

    The Select Business Category screen appears. It contains the following field:

    Field Name Field Description Mandatory (Yes or No)
    Business Rule Category Used to indicate the business rule category using which you want to create a business rule. The valid values are:

    • Binder Payment Business Rule

    • Fully-Insured Pricing Business Rule

    • New Born Business Rule

    • Rate Guarantee Business Rule

    		 Yes
    Note: Alternatively, you can access the Business Rule Category screen by clicking the Add button in the Page Title area of the Business Rule screen.
  4. Select the Rate Guarantee Business Rule option from the Business Rule Category list.
  5. Click OK.
    The Rate Guarantee Business Rule screen appears. It contains the following fields:
    Field Name Field Description Mandatory (Yes or No)
    Criteria Description Used to indicate the business criteria for the rate guarantee business rule.
    Note: The Search (The Search Icon) icon appears corresponding to the Criteria Description field. On clicking the Search icon, the Business Rule Criteria Search window appears.
    		 Yes
    Effective Date Used to specify the date from when the rate guarantee business rule is effective. Yes
    Status Used to indicate the status of the rate guarantee business rule.
    Note:

    It is a read-only field.

    By default, the Active option is selected.

    		 Not applicable
    Rate Guarantee Applicability Used to indicate whether the rate guarantee is available for the individual membership. No
    Rate Guarantee Period Used to specify the rate guarantee period for the individual membership.
    Note:

    By default, this field is disabled. It is enabled when you select the Rate Guarantee Applicability check box.

    The value for this field must be a positive integer.

    		 Yes (Conditional)
    Note: This field is required if you select the Rate Guarantee Applicability check box.
  6. Enter the required details in the New Born Business Rule screen.
  7. If you want to define more than one rate guarantee business rule, click the Add (The Add Icon) icon and then repeat step 6.
    Note: However, if you want to remove a rate guarantee business rule, click the Delete (The Delete Icon) icon corresponding to the Criteria Description field.
  8. Click Save.
    The rate guarantee business rule is defined.

Related Topics

For more information on... See...
Business Rule screen Business Rule (Used for Searching)