Rate modifiers

When adding a modifier in Product Designer, if you set the modifier Data Type to Rate, the Add Modifier dialog box displays a Schedule Rate check box. Select this check box to create a schedule rate modifier.

If you did not select Schedule Rate, the Modifier home page displays a Rate is Relative field:

• 0 – Modify rate as an offset relative to 0. For example, 0.10 represents a 10% increase in the rate, -0.15 represents a 15% reduction. Sets renderRateAsMultiplier to false on the modifier pattern object, (ModifierPattern).
• 1 – Default. Modify rate as a multiplier. For example, 1.1 represents a 10% increase on the rate, 0.85 represents a 15% reduction. Sets renderRateAsMultiplier to true on the modifier pattern object (ModifierPattern). If you do not specify the renderRateAsMultiplier attribute in the XML definition of ModifierPattern, 1 is the default value.

For rate modifiers, the Product or Policy Line Modifier home page displays an additional State Min/Max link under Go to. For each state, you can define minimum and maximum rate modifiers.