Navigation:  Loan Screens > Insurance Screen Group > Policy Detail Screen > Commission Information tab > Branch Income field group > Amortization Method

Entry: User, drop-down menu

F/M: Yes

Mnemonic: INCMET

Screen: Loans > Insurance > Policy Detail > Commission Information tab

 

Use this field to indicate the amortization method used for the selcted insurance policy. Possible selections in this field are:

 

1 - Pro Rate/Straight Line

2 - Rule of 78s

3 - Rule of Anticipation #1

4 - Mean Method (Rule of 78s + Straight Line) / 2

5 - Actuarial Method

6 - Rule of Anticipation #2

7 - Short Rate Method

8 - California Actuarial

9 - Mississippi Short Rate

10 - Pro Rata + 1

11 - Rule of 78s + 1

12 - Pro Rata Daily

13 - Mean Method (Rule of 78s + Actuarial) / 2

14 - Rule of Anticipation #3

15 - Take All of Remaining

16 - Straight Line/Collection Basis

17 - Straight Line / 90% Refund

18 - Rule of 78s Extended 1st Due

 

 

See the Amortization Method field for detailed explanations of these amortization methods.