CovAmtModulusFactor

Description
Coverage Amount Modulus Factor

Type : Real

Definition
Describes the administrative rule that requires the insurance component (Coverage, CovOption, Rider, etc.) to be issued in round numbers. For example, a product may be offered in benefit amounts of $20,000 to $100,000 in even increments of $10,000. The CovAmtModulus factor would be 10000 in this case.

Parents
CoverageProduct CovOptionProduct RiderProduct