Loans > Loan Screens > Insurance Screen Group

The Force Place screen is a convenient and easy way for you to add forced-place insurance policies to an account. Forced-place insurance refers to insurance taken out by your institution on an uninsured borrower's behalf on property placed as collateral.

The list view at the top of this screen displays all the force-placed insurance policies that have previously been set up on this account. To view the detail information of any of the policies, double-click the policy listed and the information will appear in the fields below this list view. From there you can change information as needed. See below for information about how to create a force place insurance policy and add it to this list view.

	Note: If your institution uses Institution Option CFPG, the Insurance transaction that is used on this screen will default to tran code 2870/10 (Force Place General Tran) regardless of the insurance type. This option changes the name of the <Add Insurance> button in the Transaction Fields field group to <Process 2870/10>. See the linked topics for more information.

If your institution would like default entries available for setting up force place insurance, use the Loans > System Setup Screens > Force Place Transaction Info screen to establish those default values.

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Loans > Insurance > Force Place Screen

To create a new forced-place insurance policy:

1.	In the left tree view in CIM GOLD, access the Loans > Insurance > Force Place screen.

2.	Enter the account number for which you want to add forced-place insurance in the account field at the top of the screen, then click .

3.	Select the type of force placed insurance you want to assign to this account from the Insurance Type field.

After typing information in the other applicable fields on this screen, click the button at the bottom of this screen (<Add Insurance> or <Process 2870/0>) and the system will launch the applicable GOLDTeller transaction that assigns the insurance policy to the account. You must have GOLDTeller running before you click

and process the transaction.

The transaction for that particular force-placed insurance will be displayed in GOLDTeller, and the information you entered in the fields will already be entered in the applicable fields on the GOLDTeller transaction. Remember that the Force Place General transaction will be run regardless of which insurance type was selected if your institution uses Option CFPG (see Note box above).

In the example below, the Force LPD Insurance transaction is displayed because "71-LPD" was selected from the Insurance Type field.

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6.	Click and the insurance policy is saved to the account. See the following links for detailed information concerning how the force-placed Insurance Type affects loans:

Force Place LPD Insurance

Force Place VSI Insurance

Force Place Homegard Insurance

Force Place Flood Insurance

Force Place Fire Insurance

Also see the Force Place General Insurance help page for information about general force place transactions. To cancel insurance, use the Loans > Insurance > Adjustments screen. Once an insurance policy has been set up on this screen, it can also be viewed on the Loans > Insurance > Policy Detail screen.

See Transaction Fields field group for more information about the fields on this screen.

	Record Identification: The fields on this screen are stored in the FPIN record (Insurance). You can run reports for this record through GOLDMiner or GOLDWriter. See FPIN in the Mnemonic Dictionary for a list of all available fields in this record. Also see field descriptions in this help manual for mnemonics to include in reports.