OLFM doesn't Copy over the Adjusted Premium from the Original Contract onto the Rebook Contract
(Doc ID 2440525.1)
Last updated on FEBRUARY 26, 2019
Applies to:Oracle Lease and Finance Management - Version 12.2.3 and later
Information in this document applies to any platform.
Qn1:On : 12.2.3 version, Insurance Modules
OLFM doesn't copy over the adjusted premium from the original contract onto the rebook contract
Here are the steps:
1. Create a contract and have a policy with original premium as $<OriginalPremiumAmount> and adjusted_premium as $<AdjustedPremiumAmount>.
2. Rebook the contract
3. After rebook completion, verify the premium and adjusted premium on the policy on the original contract, the Adjusted Premium will be zero.
Why is that?
Qn2:The formula INSURANCE_REBOOK_ADJUSTMENT mentioned in the following note is missing:
Adjusted Insurance Premium Amount during Rebook for Release 12.2.3 and later (Doc ID 2025281.1)
How can we get the formula?
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