Auditing a Policy

Use the Audit transaction to invoice for additional premium or credits when the insuring company produces an audit based on actual figures from the insured.

To set up an audit

1. Look up and load the client. The Client Details page appears showing policies attached to the client.

2. Select the policy you want to audit.
3. Click Audit on the Policies Toolbar. The Audit Transaction page appears.
4. Complete the Audit Transaction page by entering a description of and effective date of the audit transaction; then click Next. The Policy Detail page appears.
5. Enter any changes to premium and commission.

   To refund premium, enter a negative sign (-) before the premium amount.

6. When finished, click Save or press ALT+S.

   If the "Save" was successful and you entered a premium amount, Sagitta takes you to an Invoicing dialog box. If an error appears, see To correct missing or invalid data

Audit Transactions and Miscellaneous Remarks

Audit transaction descriptions write back to the Miscellaneous Remarks section of the Policy Detail page, as New Transactions and Endorsements do. An option on the Client/Policy Flags Personalization Page determines whether information you enter in the Description field of the Audit Transaction dialog box automatically overwrites the first line of information in the Miscellaneous Remarks field on the Policy Detail Page.

The default setting for the Update Policy Miscellaneous Remarks with Audit Changes Description? is NO. If you select Yes, information on the first line of the Miscellaneous Remarks field for Policy Detail is automatically overwritten with the audit information.