Defining a Binder Payment Business Rule

Prerequisites

To define a binder payment business rule, you should have:

  • Required business rule criteria defined in the application.

Procedure

To define a binder payment business rule:

  1. Click the Menu (The Menu Icon) icon in the Application toolbar.
    A list appears.
  2. Click the Admin Menu option from the list.
    A sub menu appears.
  3. Select B and then click the Add button corresponding to the Business Rule option from the sub menu.

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

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

    • Binder Payment Business Rule

    • Delinquency Event Attributes Business Rule

    • Delinquency Grace Period Business Rule

    • Delinquency Miscellaneous Options Business Rule

    • Delinquency Process Type Derivation Business Rule

    • Delinquency Termination Date Rule Business Rule

    • Fully-Insured Pricing Business Rule

    • Member Adoption Business Rule

    • New Born Business Rule

    • Rate Guarantee Business Rule

    • Refund Write-Off Business Rule

    Note:

    The list includes only those values which are defined in the BUS_​RULE_​CAT_​FLG lookup field.

    You must select the Binder Payment Business Rule option from the list while creating a binder payment business rule.

    		 Yes
    Note: Alternatively, you can access the Binder Payment Business Rule screen by clicking the Add button in the Page Title area of the Business Rule screen.
  4. Select the Binder Payment Business Rule option from the Business Rule Category list.
  5. Click OK.

    The Binder Payment Business Rule screen appears. It contains the following fields:

    Field Name Field Description Mandatory (Yes or No)
    Criteria Description Used to indicate the criteria for the binder payment 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 business rule is effective.
    Note: You can either manually specify the date or select it using the Date Picker (The Date Picker Icon) icon corresponding to the field.
    		 Yes
    Status Indicates the status of the business rule.
    Note: This field is disabled. By default, the status is set to Active.
    		 Not applicable
    Binder Payment Applicability Used to indicate that you want the system to monitor whether the binder payment is received or not before activating the individual membership. No
    Threshold Percentage Used to specify the threshold percentage using which the threshold amount should be calculated.
    Note: This field is disabled. It is enabled when the Binder Payment Applicability option is selected.
    		 No
    Grace Days Used to specify the number of days which are used to calculate the grace date for an individual membership.
    Note:

    The grace days cannot be less than or equal to zero.

    This field is disabled. It is enabled when the Binder Payment Applicability option is selected.

    		 Yes (Conditional)
    Note: This field is required if the Binder Payment Applicability option is selected.
    Hold Billing Used to indicate whether you want to hold the bill generation process for an individual membership until the binder payment is received.
    Note: This field is disabled. It is enabled when the Binder Payment Applicability option is selected.
    		 No
  6. Enter the required details in the Binder Payment Business Rule screen.
  7. If you want to define more than one binder payment business rule, click the Add (The Add Icon) icon and then repeat step 6.
    Note: However, if you want to remove a binder payment business rule, click the Delete (The Delete Icon) icon corresponding to the Criteria Description field.
  8. Click Save.
    The binder payment business rule is defined.

Related Topics

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