ExcessResidualDivAmtDisp

Description
Excess Residual Dividend Amount Disposition

Type : OLI_LU_DIVAMTDISP
DescriptionNameValue
Applied to premium for billing but not yet usedOLI_DIVDISP_APPLIEDPREM5
Equals premiumOLI_DIVDISP_EQPREM1
Has been applied toward other dividend optionOLI_DIVDISP_USEDPUAORACC9
Has been paid in cashOLI_DIVDISP_PAIDCASH4
Has been used. Purpose not specified.OLI_DIVDISP_USED8
Has been used to reduce a loanOLI_DIVDISP_USEDREDLOAN7
Has been used to reduce subsequent premiumsOLI_DIVDISP_USEDREDPREM6
NoneOLI_DIVDISP_NONE10
OtherOLI_OTHER2147483647
To be paid in cashOLI_DIVDISP_PAYCASH2
To be used to reduce subsequent premiumsOLI_DIVDISP_REDPREM3
UnknownOLI_UNKNOWN0

Definition
On policies where the dividend option is one of the "OYT" methods, it is possible for the amount of dividend to exceed the amount needed to purchase the maximum amount of one year term insurance allowed. In these cases, this field will contain the disposition of the residual dividend amount specified in ExcessResidualDivAmt.

Parents
Life