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Policy

LoanRepaymentFundAllocation

object
allocationOptionstring

Allowed values:PRORATADOLLARSPECIFYPERCENTAGESPECIFIEDFUNDSSPECIFIEDSEGMENTSDEFAULTPECKINGORDEREARNINGSONLYSPECIFICFUNDPERCENTAGEFIXEDONLYVARIABLEONLYCURRENTHOLDINGS

Example

AdhocParty

object
partyIdstring

Impacted Party in the event of financial transaction

Example:Party_PI_1

bankIdstring

Comes in Acord 103

Example:Bank_1

paymentFormstring

Allowed values:DTCCCREDITCARDACHCHECKWIREEXCHANGEPREMIUMLOAN

Example

LoanRepaymentOneTimeRequest

object
correlationIdstring

The unique ID to track transaction request across all systems

Example:657b717b7dcf554abf9ef067

effectiveDatestring(date)

Date (with pattern “yyyy-mm-dd”) when the transaction was originally scheduled or expected to happen, can be a non-business day

Example:2023-01-01

reverseInitiatorboolean

Property to isolate source transaction(s) that initiated the reversal

Default:false

transactionAmountsobject
Show Child Parameters
fundAllocationobject
Show Child Parameters
payorobject
Show Child Parameters
externalIdentifiersobject
Show Child Parameters
Example

LoanRepaymentQuoteTransactionAmounts

object
requestedAmountnumber

Requested amount value

Example:1000

appliedAmountnumber

Applied amount value

Example:500

netPaymentAmountnumber(double)

The net amount actually received from the agent to be applied to the policy.

Example:48000.28

taxableAmountnumber(double)

The portion of a transaction applied amount that is considered taxable based on IRS regulations.

Example:100.23

amountTypestring

Allowed values:AMOUNTPERCENTAGEMAXFREEWITHDRAWALAMOUNTWITHDRAWALUNTILBASISEARNINGSONLYPRORATAPERCENTMODIFIEDEARNINGSONLYSUNINCOMEMAXIMIZERONLYLBRMAXIMUMSUNINCOMEMAXIMIZERNETONETIMEACCESSNONSUNINCOMEMAXIMIZERLBRSWDMAXIMUMSUNINCOMEMAXIMIZERGROSSONETIMEACCESSYEARTODATEFIXEDEARNINGSEARNINGSLIQUIDITYFIRSTEARNINGSLIQUIDITYLASTGUARANTEEDWITHDRAWALBENEFITFIXEDMODIFIEDEARNINGSACCUMULATEDEARNINGSLIFEEXPECTANCYDEFAULT

disbursementTypestring

Allowed values:GROSSNETNETNET

disbursementPaymentFormstring

Allowed values:DTCCEFTACHCHECKWIRE

premiumPortionAmountnumber(double)

The amount paid toward the premium when the policy has a loan balance.

Example:1000.51

loanRepaymentPortionAmountnumber(double)

The amount paid toward the Loan Repayment when the policy has a loan balance.

Example:1000.51

repaymentInterestAmountnumber(double)

The amount of interest repaid as part of transaction. This gets calculated on events such as loan repayment, systematic loan repayment,etc.

Example:1000.51

Example

LoanRepaymentOneTimeQuoteResponse

object
correlationIdstring

The unique ID to track transaction request across all systems

Example:657b717b7dcf554abf9ef067

transactionAmountsobject
Show Child Parameters
fundAllocationobject
Show Child Parameters
payorobject
Show Child Parameters
policyobject
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Example