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InsPolicyRevenueScheduleService:modifyRevenueSchedule
This service takes in the modifications done to the policy. Based on the changes to total policy premium and the modification date, it recalculates the revenue schedule to adjust the unpaid monthly premiums (unearned revenue).
This service supports the use of the Salesforce Financial Services Cloud.
Method: modifyRevenueSchedule
How It Works
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Looks for the policy (asset) ID of the policy being modified, the transaction ID created when the policy is modified, and the effective date of the policy modification.
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Calculates the modified revenue schedule, including the earned and unearned revenue amounts for each month from the modification effective date through the expiration date of the policy.
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Calculates the modified revenue schedule, including the earned and unearned revenue amounts for each month from the modification effective date through the expiration date of the policy.
