Configuring Loan Insurance and Debt Protection Codes

Screen ID:

Screen Title:

Panel Number:

ULNINS-01

Insurance Code Configuration

2363

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SEE ALSO : Debt Protection Overview

Co-borrower insurance coverage payment protection is not supported by the system.

This is the first of several screens used to set up a loan insurance or debt protection code. These define the parameters on insurance or debt protection policies your credit union offers its members. You also set up miscellaneous coverage on this screen.

To create a new code, use Add, and choose whether this code will represent insurance, debt protection coverage or miscellaneous coverage. Then use Enter to proceed to the next screens (Insurance, debt protection or miscellaneous coverage).

Or select a code from an existing code and use Edit or View to move to the detail screen (Insurance, debt protection or miscellaneous coverage).

Click here to learn more about the screen used to attach this code to a new loan request. You can attach a code for credit disability insurance, and another code for either single credit life or joint credit life and another for debt protection. From here you can also access the screen to add miscellaneous coverage.

Columns on Screen

All columns are sortable. For more detail on the column descriptions, refer to the detail screens. (Insurance, debt protection or miscellaneous coverage).

The Type (D, I, or M) is attached to one of three fields on the individual member loan in order for premiums to be calculated and posted.

If the code is highlighted, then the product is suspended. These codes cannot be added to a new loan but remain on the system because existing loans may use this product.

Buttons

Button	Description
Add	Use this and choose whether this code will represent insurance, debt protection coverage or miscellaneous coverage. Then use Enter to proceed to the next screens (Insurance, debt protection or miscellaneous coverage).