Coverage currency in accounts

Accounts have a preferred coverage currency. You can view or set this value on the Account Summary screen. The preferred coverage currency on account is in the Account.PreferredCoverageCurrency property. In the base configuration, PolicyCenter initially sets the account’s preferred coverage currency to the contact’s preferred settlement currency, Contact.PreferredSettlementCurrency. You can change this behavior through configuration.

In the base configuration, all contact objects have a preferred coverage currency even if PolicyCenter is configured for a single currency. (When running PolicyCenter with MultiCurrencyDisplayMode disabled, the currency does not appear in the user interface.) However, if a contact does not have a preferred coverage currency, then PolicyCenter sets the account’s preferred coverage currency to the default system currency. A properly configured system always specifies the currency and does not rely on this fail-safe behavior.