In the Premium Accounts page, you can link together cover types of each insurance class and policy type with a policy business and define to which accounts the premium amount for the cover types should go towards. Cover types were created in the Cover Types page of the Covers Premium sub-module in the Insurance Setup module. Policy business types were linked in the Policy Business page of the Insurance Classes sub-module in the Insurance Setup module.

 

 

 

To inquire about certain previously added Premium accounts you need to fill in the searching criteria at the top of the page by specifying the fields (insurance class, policy type... etc.) you are searching for and click. Where the cover types and business types will be filtered as shown in below figure;

 

 

To link together a premium cover type with a policy business and to set an account, perform the following steps:

 

• Check-in the checkbox corresponding to the needed cover type listed in the Cover Types block. Similarly, check-in the checkbox corresponding to the policy business listed in the Policy Business block;
• Select the Branch and Addition Account. This is the account that the select insurance class, policy type and cover type premium will be directed towards;
• Click on  to move your selection into the Cover Type Accounts block.

 

To edit any entry, select it in the Cover Type Accounts block and accordingly, the entry will be displayed in the Cover Type Accounts Entry block where you can make any desired changes. If you would like to add a new entry in this block, you can click  and perform the following steps:

 

 

§  Select the Insurance Class for this flex column. Based on the insurance class you choose, the Policy Type drop-down list will be updated with the relevant values. Select the Policy Type that corresponds to this flex column;

§  Select the Business Type for this commission, These business types were predefined in the system;

§  Select the Cover Type from the predefined list;

§  Select the Branch where this cover will be used

§  Select the Addition Account;

§  Select the Cost Center from the predefined list;

§  Select the Refund Account in case it  was different in the policy;

§  Once you have finished, click  to save the changes