Examples: How Schedule Dates Interact

These examples show how the allocation dates interact with invoice amounts and asset changes.  Read more about scheduling dates for allocations, asset changes, and invoices.

Example 1 - Asset Change Prorating With 1 Allocated Amounts Date and 12 Asset Change Dates

Adjustments will be made to premiums based on asset changes that occur between the allocated amounts dates. In this case, there is a single allocated amount date and a change occurred in the middle of the allocation period, so the premiums are prorated accordingly.

Example 2 - Premium Amounts With 2 Allocated Amounts Dates and 12 Invoice Dates

Allocated amounts are annual premiums. Premiums will be divided into installments based on the number of dates in the invoice schedule. In this case, the premium was updated and accounted for in the second allocated amounts date, which occurred mid-year. The new premium is divided by 12 since there are 12 invoice dates within the annual period.