Claim Expense or Loss / Indemnity Payment

The process of issuing a claim expense and a claim loss / indemnity payment is the same.

 

  1. Open the Claim Tree View.

  2. Highlight the correct claimant / feature combination.

  3. Click Add Transaction in the Quick Links section.

 

The Transaction screen toolbar offers the following buttons:

 

Main Tab

Enter the following on the Transaction screen:

 

For "Partial Payments Against Features / Coverages," if a user adds a partial payment to a feature / coverage that causes the category reserve to go below the minimum reserve that is established, the user will receive a warning message: "Feature X - This transaction will cause the minimum [transaction category] reserve to be used."  (Where "X" is the feature number.)
 

Payees / Mail To Information

Because this transaction is a payment, a Payee / Mail-To must be designated. At the bottom of the screen, a payee / mail to is required for submitting the transaction.

 

Depending on your company's implementation, you may or may not have payees / mail to's listed in this section. (Note: These are defined by system settings in Diamond System Editor under the Claims / Transactions / Payee folder.)

 

The Payee Info section contains three (3) buttons:

 

Pay To the Order Of (PTTOO)

You are also required to have a "Pay to the Order Of" on a transaction. Use the down arrow and choose one of the options: