Insurance - Paying and Charging the Insurance Premium

This article is part of the Insurance section.

Find all related articles here:

Insurance

To run insurance charges:

1. Navigate to the main Insurance tab.
   
   
2. Click Global in the action bar at the bottom of the screen.
   
   
   
   
3. This will open the Insurance Global Actions menu.
   
   
4. Select Update Insurance Charges.
   
   
   
   
5. Click All Policies for Type to enable the Insurance Type dropdown where you can select Normal or Fixed. This will allow you to run charges for all policies of that type.
   
   
   
   If you only want to select an individual policy then leave the All Policies For Type checkbox unticked. 
   
   
6. Select a Charge Type from the dropdown.
   
   
7. Select which Insurance Charge Code you want to run charges for.
   
   
8. This will populate the Insurance Policy dropdown with all policies on that Charge Date Code. Select a policy.
   
   
9. Enter a Client Transaction Date that will appear on the client invoice. You can match this to the Next Charge Date on the policy.
   
   
10. Enter a PL Transaction Date that will appear on the PL account.
    

Both of these fields are Run From dates, not Run To dates.

1. Enter an Invoice Number.
   
   
2. Click Refresh Prelist to populate the grid with the clients that will be charged a premium for the selected policy.
   
   
   
   
3. Click Prelist Report to view the Insurance Charges Prelisting Report which will give you a breakdown of what will be charged to each client and development.
   
   
   
   
4. Check the prelist, then click Process Charges.
   
1. This will process the client charges to the Charge Transaction tab where they are ready to be picked up for invoicing. 
   
2. It will also create an entry on the Transaction Activity tab on the Purchase Ledger account.
   
   
5. A pop-up will confirm that the charges have been successfully processed. Click OK to dismiss.
   
   
   

• Related Articles

• Insurance - Processing Insurance Adjustments

  This article is part of the Insurance section. Find all related articles here: Insurance You may want to make changes to saved policies if there are mid-term adjustments such as a change in the sum insured after an updated valuation. To do this: ...

• Insurance - Adding an Insurance Policy to a Development or Property

  This article is part of the Insurance section. Find all related articles here: Insurance Adding an Insurance Policy to a Development Follow the steps below to assign a Normal or Fixed policy to a whole development, or an apportionment within a ...

• Insurance - Setting Up a Policy

  This article is part of the Insurance section. Find all related articles here: Insurance This article explains how to set up a new Normal or Fixed insurance policy in the system. Before you start, make sure you have your policy details available. ...

• Insurance Building Policy Interest Charges Addition

  Please click on the image below to access the Helpsheet for Insurance Building Policy Interest Charges Addition.

• Insurance Module

  You will find links below to 2 Insurance Module Training Guides which take you through setting up insurance policies in CPL and running through the insurance claims process. Insurance Policies Training Guides Insurance Policies Training Guide v1.2 ...