"Reversed Audits" are sometimes issued in error. In that case, these will need to be reinstated by doing a "Reinstated Audit." The Reinstated Audit functions much the same way a Reinstatement transaction does in Diamond; however, the Reinstated Audit image is copied from the most recent "Revised Audit" image.
To process a Reinstated Audit:
Access the client's policy for which the Initial Audit is being done.
Select Premium Audit.
Once the Transaction Information screen displays, enter / select the following:
Transaction Effective Date: Defaults from the system date. Enter the Transaction Effective Date of the new business policy
Transaction Type: Select Premium Audit.
Transaction Source: Indicate the individual or entity initiating the transaction from the combo box.
Transaction Reason: Choose Reinstated Audit from the combo box.
Remarks: Enter any additional narrative, if necessary.
Click Submit.
Answer Yes to the question: "Do you want to issue the policy?"