Insurance - Processing Insurance Adjustments
This article is part of the Insurance section.
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To do this:
- Navigate to the Development tab and open your development.
- Open the Insurance tab within the development.
- Select the relevant policy from the grid, and click Clients Covered in the grid at the bottom of the screen.
- You can also do this from the Clients Covered tab on the actual policy.
- Select the client, right-click and select Amend from the pop-up menu.
- This will open the Insurance Adjustment window.
- Here you can adjust the Sum Insured or the Rate, and the date the adjustments apply from.
- Click OK to apply your changes.
- A pop-up will confirm the premium to be refunded, the premium now owed and the charge to the client. Click Yes to proceed.
- A second pop-up will ask if you want to invoice the client immediately.
- After selecting Yes or No, a final pop-up will confirm the batch number. Click OK to dismiss.
- The adjustment charge will be in the client's Charge Transaction tab ready to be picked up by the invoicing process.
You can run the Insurance Changes report for a specific date range to see all changes made during that timeframe.
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