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General, MTA, Take-up

When you “take-up” an MTA you replace a policy’s current record with a revised MTA version (see “General, MTA, Create”). You can do this either during the MTA creation process, or subsequently from the scrolling view of all policies. To do the latter, starting from Durell’s Main Menu…

  • Click the “Policies” button
  • Highlight the policy in question (e.g. by scrolling to it, or using the “Binoculars” button to find it)
  • Click the “Signpost” button
  • Click “General / Mid-term adjustments / Take-up”
  • You’ll then be presented with a “Take-up Mid Term Adjustment” dialogue, like that shown below, where you should…

  • Use the “Reset stage to” dropdown to set the policy stage after the MTA has been taken-up
  • Set the “Post MTA to accounts” dropdown to “Premium as shown for MTA”
  • [N.B. See “Premium as shown for MTA” paragraph at the end of this section]
  • Edit the “Date of MTA” as required
  • Enter a brief “Description” (e.g. “Change of vehicle to Ferrari”)
  • Note that you cannot edit the “MTA invoice amount” here, though you could on the premium details screen
  • Do not tick the “Do not post to accounts” unless the MTA has zero value, or for some reason you don’t want it posted
  • Click “OK”
  • After this you’ll be taken to the sales persons’ commission screen, where you can enter any pay-aways related to the MTA before clicking the black “Curve-right Arrow” button to move onto the final “Post To Accounts” dialogue.

    Having posted the MTA, if you now list all incomplete MTAs, you’ll see that the one that you just took-up no longer appears (for the obvious reason). To list incomplete MTAs, either see “Policies, Filtered Views”, or starting from Durell’s Main Menu...

  • Click the “Policies” button
  • Click the “Signpost” button
  • Click “General / Mid-term adjustments / Display / All”
  • Moreover, when you go to the policy’s premium screen, like that shown below, you’ll now see values set for the “Last MTA” and the “Total invoice after MTAs” (which in the example below is £588 + £525 = £1,113.00).

    You can use the “=” button to the right of the “total invoice after MTAs” to re-calculate this total, though as the process is also done automatically you probably won’t notice any difference.

    You can use the “>” button to the right of the “Last MTA” to view the policy’s MTA history, as shown below…

    As you can see from the above example, all taken-up MTA details automatically appear in the “MTA History”. However if any entries are missing, for example because they occurred before you bought your copy of Durell, then you can use the “Add” button to enter them.

    Premium As Set For MTA

    Depending on the selection you made in “Set-up, General Insurance”, your “Take-up Mid Term Adjustment” dialogue will default to either “Premium as shown for MTA” or “Difference between policy & MTA” (see below).

    In the former case the system assumes the amount you’ve entered on the MTA’s premium screen is the cost of the adjustment.

    In the latter case the system assumes that you’ve entered a full annual premium on the MTA record for a policy having the revised details. So it firstly finds the difference between the original and revised premiums, then reduces this difference in line with the term still remaining on the MTA take-up date.

     

    You should use the latter method if you’ve had to re-quote the policy with the revised MTA details, while you would use the former one where the insurer has given you the actual MTA’s cost.