Round Premium Amount {optional}#
This component enables the calculated premium amount to be rounded up or down to the <BC Value> specified (e.g.1000).
Does the premium need to be rounded?
Yes: Choose the rule to be used
No: Go to B0680
| Rule | Description | Logic | Assoc. | Go to |
|---|---|---|---|---|
| 01 | Round Up To Next Value | Specify the rounding factor on the component (e.g. 1000). Rounds the premium amount up to the next value specified. (e.g. 39.420 rounded to the next 1000 would be 40.000) | B0680 | |
| 02* | Round Up/Down To Nearest Value | Specify the rounding factor on the component (e.g. 1000). Rounds the premium amount to the nearest value specified. (e.g. 39.4000 rounded to the nearest 1000 would be 39.000 and 39.5200 rounded to the nearest 1000 would be 40.000) | B0680 |
