Validate an agreement in reinsurance

About this task

You can run validation on an agreement that is in read only mode. Validation displays verification errors or verification that the agreement is valid. Validation runs automatically if you try to make the agreement active. Validation runs prior to saving an already active agreement.

Validation checks include, but are not limited to, the following:

  • Required fields are filled in and related fields are not logically conflicting.
    • The Expiration Date must be greater than the Effective date.
    • The coverage limit must be greater than or equal to the attachment point. In special cases the coverage limit must be equal to the attachment point.
  • The ceding rate must be greater than or equal to 0.

To validate an agreement:

Procedure

  1. Select Reinsurance > Agreements.
  2. Enter search criteria, and click Search.
  3. In the Agreement Number column of Search Results, click the link to an agreement.

    The agreement must not be being edited.

  4. Click Validate.