Disbursement Amounts Calculated Incorrectly When A Policy Has Multiple Payees (Doc ID 2069491.1)

Last updated on JUNE 27, 2017

Applies to:

Oracle Insurance Policy Administration J2EE - Version 9.6.1.20 and later
Information in this document applies to any platform.

Symptoms

On : 9.6.1.20 version, General

ACTUAL BEHAVIOR
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Disbursement amounts calculated incorrectly when a policy has multiple payees

It was noticed that for contracts that have 2 or more payees, the disbursement amounts seen on the disbursement tab in activity details and the asdisbursement table is incorrect. In a scenario where each payee is getting 50% of payout and payment amount is $1000 and no taxes are being withheld:
1. Amounts on the activity screen is correctly split($500 each payee).
2. Amount on the math tab is correct for DisbursementAmount math variable($500 shown on each disbursement's math).
3. Amount in the asdisbursement table is split into half(Disbursement amount seen as $250).
4. Amount on the Disbursement tab is split into half and is the same as the amount in asdisbursement table(seen as $250).

This has high impact as the amount being sent out to the customer is affected. No workaround is currently in place.

EXPECTED BEHAVIOR
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Disbursement amounts should be calculated correctly when a policy has multiple payees

STEPS
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The issue can be reproduced at will with the following steps:
1.Contract should have more than one payee.
2.AnnuityPayment spawns multiple AnnuityDisbursements(one for each payee).
3.Check Activity Details Math tab vs. Disbursement tab.

BUSINESS IMPACT
-----------------------
The issue has the following business impact:
This has high impact as the amount being sent out to the customer is affected. No workaround is currently in place.

Cause

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