Lease and Finance Management - EBS (MOSC)

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When Third Party Insurance is added to the contract (in between contract term) existing LEASE_POLICY

edited Sep 8, 2016 3:33PM in Lease and Finance Management - EBS (MOSC) 2 commentsAnswered

1. Create a contract without any insurance on it (e.g. Contract Number= C1, Term=12, start date= 01-APR-16, End date= 31-MAR-17).
2. Run automatic insurance program. This will create and activate LEASE_POLICY on the contract based on profile options 'OKL: Days after contract booking date to activate policy' and 'OKL: Days after contract booking date to policy creation'.
3. Run billing
4. Add 'Third Party Insurance' on the contract from Lease Center.
4. Run 'Automatic Insurance Program'.

Requirement/Expectation:
Once Third Party Insurance details added to contract and 'Automatic Insurance Program' invoked, Lease_policy should be cancelled/deactivated and 'Third Party Insurance' should be activated.

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