Could anybody give some explanation about TMF validity Type 1. (e.g. BVC, PREMSPLIT)?
Actually I want to know the dependencies between TMF (FUNC 1) and Effective Date.
Because I want to set the next date of TMF for premium splitting (FUNC 1) as follows:
After release a new policy, I want to set the next date in Planned Processing Activity before the effective data.
For example, Payment frequency is Quarterly, effective date is Mar/01/2014 and the next date of TMF should be on Feb/01/2014.
Is this possible business scenarios in terms of the standard behavior of TMF?
If yes, please let me know the implementation steps.
Thank you in advance.
Best regards,
Kyoungkeun