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1 Ct Difference In Partial Policy Calculation Period (Doc ID 2702682.1)

Last updated on AUGUST 24, 2020

Applies to:

Oracle Insurance Policy Administration Cloud Service - Version NA and later
Information in this document applies to any platform.


When having a partial Policy Calculation Period the correct Days factor is being calculated. The premium amount, however, is a cent different from what is to be expected when using the Days factor.

When rounding the Days factor to 3 decimals the amount appears that OHI calculates. The days factor should not be rounded before it is being applied. Rounding should only take place on the end result (amount).


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