Add reason for Premium Write-Off

To improve the audit trail, a Write-Off Premium reason box has been provided as a section beneath the write off amount box where the action is performed. The reason entered is stored in the policy’s Notes screen. Where the field occurs:

  1. Log in as an administrator.
  2. Access a policy.
  3. Navigate to the Accounts Receivable screen on the policy.
  4. Select the Write-Off Premium button.
  5. Provide the write off amount and the Reason for premium write off in the text box.
    Figure 1: The Write-Off Premium dialog box with the Reason box.
  6. Select Yes to save.
  7. Navigate to the Notes screen.
  8. Search for premium write-off. The note displays the reason that was entered.
Figure 2: The Notes screen with the Premium Write-Off note.

The images below provide an example of a write-off with a reason and one without:

Figure 3: Premium Write-Off notes with and without reason for write-off provided.

 

 

 

 

Additional options