In the Plan Details block, you can define the details for the reinsurance plans that were created in Reinsurance Plans. To do so, perform the following steps:

 

§  Note that the Serial Number will be updated once the entry has been saved;

§  Select the Cession Type; which is the type of reinsurance that will take place. The fields in this block will be updated according to what you select here. 

§  Note that the Plan Name will be automatically displayed;

§  If a treaty name was specified, it will be displayed in the Treaty Name field;

§  Enter in the Reinsurer. Once you have entered this information in, the Account Number of the reinsurer will be automatically displayed in the relevant field;

§  Enter in the Placement Percentage. This is the percentage that will be taken for every policy on this plan;

§  The Max Ceded Capacity will be automatically retrieved by the system, which is the maximum amount that can be ceded on this treaty;

§  Enter in the Commission Percentage for the selected reinsurer;

§  Once you have finished entering the necessary data, click.