Note: You must have the authority, "Recalc Written Premium," (Diamond Administration group) to access and recalculate written premium.
Recalculate Written Premium is used when premium is incorrect in the rounding of pro rata factors on a policy. This is done on a per policy_id basis.
To recalculate written premium, select Recalc Written Premium from the Diamond Administration Tree View.
Recalc Written Premium for Policy_id: Enter the policy_id number. (Note: This is not the policy number. It is the policy identification number assigned on the Policy Control screen in the Reference section. For example, the number reads: Policy: 2578-1, where "2578" is the policy_id number. "1" is the policy_image number; do not enter the 1.)
OK: Click the OK button. Respond Yes to the confirmation question: "Are you sure you want to Recalculate Written Premium for this Policy_id <Policy_id Number>?"
Written premium is then recalculated. When finished, click OK when the system returns the message: "Finished recalculating policy_id <policy_id number.>"