Navigation:  Loan Screens > Insurance Screen Group > Policy Detail Screen > Policy Information tab > Insurance Information field group > ?Combined

Entry: User, checkbox

F/M: Yes

Mnemonic: INCMB1

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

 

Use this field to indicate whether the unearned premiums for all policies on the customer loan account will be added together and compared against the Min Refund amount. If the combined unearned premiums are below the Min Refund amount, the unearned premium will be included in the Earned Premium.

 

Note: All combined policies (with this field marked) must have the Min Refund Amount field populated with the same amount. Any policy on the customer account that does not have this field marked will not be included in the calculation.