Add an insurance undertaking

The undertaking is the application of a contingency policy to a new contract, usually for a new customer, to allow the customer sufficient time to obtain and present the necessary insurance documents. During the undertaking period, the unit is marked as insured under the customer's policy even though the insurance policy database does not yet have a record of the customer's insurance details. The undertaking applies only for a certain period of time, as set in a business parameter, and only once per customer.

To create an insurance undertaking:

1. At the Asset Management main menu, select Insurance | Insurance Undertaking. The Work With Insurance Undertakings display screen appears.
2. Click Add . The Add Undertaking Detail change screen appears.
3. Select the Customer the undertaking is for.
4. Click Enter . The Edit Undertaking Details add screen appears.
5. Fill in the fields as required.

   Effective Dateis the date the undertaking goes into effect. You can click on the calendar button to select the date.

   Expiry Dateis the date the undertaking will expire. By this date, the customer must have presented the necessary insurance documents. It defaults to a date based on a set business parameter, but can be changed. You can click on the calendar button to select the date.

   Undertaking on Fileidentifies whether or not the necessary insurance documents have been presented.

6. Click Enter . The undertaking is created.

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