7.0.130.x Release Notes
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Features
18080 – Bond Rate Factor Override
The Bond Rate Factor field has been added to the bond premium information. This field is a premium modifier which will override the account rate factor. If not set to be overridden, the account rate factor will be used.
The ability to enter a bond rate factor override is controlled with a secured action per user role. This is located at: All>System Tables>Authority Levels>User Roles>Actions.
18390 – Remove Account Action
The Remove Account action has been added to stop account people or companies from found during the buy a bond process. To process the Remove Account action, an account must first be Closed.
Once an account is removed, this account will have no further actions available for it and cannot be restored. It is recommended to use this feature only when the account is certain to never be used again.
The account will still be available via the Quick Search or Find Account searches for reference. The account will be viewable from the Initial Bond Information account search but will not be selectable. People and companies from a removed account will not be displayed on the people and companies page. The buy a bond feature from the account will not be available for removed accounts.
Fixes
18203 – Blank Billing Type Label
After bond actions, the billing types displayed on the bond page were blank. This has been corrected to display the chosen billing types for each bond transaction.
NOTE: this issue did not impact the saved billing types in the system and would continue into TransSync and reporting. It was only the display of the information that was affected.
18369 – Commission Rate Calculating Prior to Minimum Premium Application
When using a tiered commission rate (configured at: All>Reference Tables>Commission Rates), the commission amount was being calculated prior to the bond’s minimum premium taking effect, when applicable. This has been corrected to first have the premium amount set, prior to the commission being calculated.
NOTE: If using fixed commission rates (basic rates entered directly to any agency’s assignments), this issue would not occur.
18428 – Pro-rating Cancellation on Expiration Date Returning One Day Premium
When utilizing rider and cancellation prorating, and not adding 1 day to expiration (see settings at: All>Setup>Settings>Premium> AddDaysToExpiration and UseRiderProRating), the proration for bonds would return one day’s worth of premium from the calculation. This was due to the Expiration Date of bonds being set to the 11:59 PM, while the proration from the Effective Date of Action field was set to 12:00 AM. This has been corrected to calculate the proration correctly regardless of the AddDaysToExpiration setting.