OverrideMinAmtInd

Description
Override Minimum Amount Indicator

Type : OLI_LU_BOOLEAN
DescriptionNameValue
FalseOLI_BOOL_FALSE0
TrueOLI_BOOL_TRUE1

Definition
If TRUE, OverrideMinAmtInd allows a specific FeatureOptProduct to look at FeatureOptProduct/MinContractAmt and override Ownership/MinPremiumInitialAmt. If it is FALSE, the FeatureOptProduct/MinContractAmt should be used but will not override the Ownership/MinPremiumInitialAmt. FALSE is the same as NULL. Stating FALSE explicitly states the override would not be used on FeatureOptProduct. If there are multiple FeatureOptProducts with the new indicator set to TRUE, then the higher FeatureOptProduct/MinContractAmt would be used as the goal is not to override other Features minimums but rather override a Product's minimum. For example, if the product has a MinPremiumInitialAmt = $10,000 and an Auto Pay program (FeatureProduct with ArrType of 22) has been elected, then to indicate the MinContractAmt overrides the MinPremiumInitialAmt set the OverrideMinAmtInd to TRUE.

Parents
FeatureOptProduct