Insurance Premium is Calculating Wrongly for Assets in Multiple Asset Categories/insurance Classes
(Doc ID 2882780.1)
Last updated on JULY 12, 2022
Applies to:
Oracle Lease and Finance Management - Version 12.2.9 and laterInformation in this document applies to any platform.
Symptoms
On : 12.2.9 version, Lease Authoring
ACTUAL BEHAVIOR
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Insurance Premium is calculating wrongly for assets in multiple asset categories/insurance classes.
EXPECTED BEHAVIOR
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Expect the insurance premium to calculate correctly.
STEPS
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The issue can be reproduced at will with the following steps:
1. Using lease super user responsibility, book a contract with multiple assets and each asset in different asset category. Assume a Networking Device and MRI equipment.
2. Assign Insurance Rate for networking device = 0.1% and MRI rate = 0.2%.
3. Run Automatic Insurance Program.
4. Navigate to Insurance tab and Quotes to see the calculated premium.
Changes
Cause
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In this Document
| Symptoms |
| Changes |
| Cause |
| Solution |