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Cannot Create Policy for 3 Months for Contract of 3months Term When Profile OKL: Insurance quote deal term minimum months = 3 (Doc ID 2708983.1)

Last updated on FEBRUARY 03, 2022

Applies to:

Oracle Lease and Finance Management - Version 12.2.3 and later
Information in this document applies to any platform.


On : 12.2.3 version, Lease Authoring

Contract term is three months and system is not allowing policy creation

When we are creating insurance policy on the contracts which had term of 3 months , getting below error.

"Contract Number <> exceeds the system limit for Deal Term."

As it is three months contract and error should not be thrown since profile (OKL: Insurance quote deal term minimum months) is set to 3.


Contract Number <> exceeds the system limit for Deal Term.

The issue can be reproduced at will with the following steps:
1. In Lease center, Query the contract which have 3 months term and didn't have policy.
2. Go to insurance tab >> Create Quote >> Select "Lease and Finance Insurance Quote" in Create , Select Provider, Payment Frequency, Insurance location.
3. Provide "Insurance Effective From" as contract start date, Term in Months = 3, "Quote Effective From" and "Quote Effective To" as contract Start date and contract end date respectively. And then click on "Calculate Premium"




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