Adding a Recovery

To record a claim recovery entry, you need to click and then go through the following steps:

Select the Claim Number from a list of previously defined claims. Claims can be defined through the Claims Entry page;
The Document Number, Branch, Insurance Class, Policy Type and Business Type will be automatically retrieved by the system. Note that these fields are read-only;
Select the Recovery Type. Accordingly, some fields might change;
Select the Claimant Name. Note that claimant names will be filtered based on the claimants linked to the claim selected. Accordingly, the Claimant Type will be automatically retrieved by the system;
Select the Recovery Side from the predefined list;
Enter the Recoveree Name;
If the recoveree is customer, check the Is Customer checkbox so you can select the Recoveree Name from the predefined list;
Select the Loss Type. Accordingly, the Reserve Amount will be automatically retrieved by the system based on the claimant loss type selected;
The Exchange Rate will be retrieved by the system. However, you can change the currency if you want. Accordingly, the system will automatically display the exchange rate for the currency selected;
The Recovery Date will be set by the system as the recovery entry date;
The Recovery Number will be given by the system upon saving the claim recovery;
The Recovery Serial number will be automatically generated by the system;
The Reserve Amount will be automatically retrieved by the system;
The Claim Sum Insured will be automatically retrieved by the system;
Enter any necessary Remarks concerning the recovery entry;
The Recovery Amount and Recovery in Local Currency is auto retrieved by the system;
Enter the Change Recovery Amount, accordingly, the Recovery% will be auto calculate by the system, and vice versa;
Accordingly, the Change Recovery in Local Currency of the system will be automatically calculated;
Enter the Vehicle Owner;
Select the Vehicle Type;
Enter the Plate Number;
The Branch Currency is auto retrieved by the system;
The Created By and Creation Date are given by the system after saving the recovery;
Enter the TP Policy Number;
The Modified By, and Modification Date are given by the system after updating the recovery;
Click to save your work. Accordingly, the system will automatically display the Coinsurance Companies (if any) at the bottom of the page; each with its share and recovery percentages.

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