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Accident & Health Codes

Accident & Health Insurance Maintenance​

Purpose To create a rate schedule for selling Accident & Health (A & H) insurance on sales contracts. The system will automatically calculate the proper rate based on the term of the contract and the amount financed. The cost of insurance to the seller can be entered as a percentage or flat dollar amount.

 A & H codes are used in Sales Contract Maintenance, Quick Quote Maintenance, and Quote Maintenance.

 IMPORTANT NOTE: Accident & Health (A&H) insurance cannot exist on a Sales Contract without Credit Life insurance. Therefore, the calculation method used for A&H insurance is tied to the calculation method used for Credit Life insurance. For example, if the Credit Life insurance you are selling uses the Net method, for calculating premiums, then the A&H premiums will also be calculated using the Net method.

From the menu select Sales Management, Codes Maintenance, Accident & Health Codes

-- Accident & Health Insurance –-​
  • A&H Insurance Code – Enter an A&H Insurance Code. You can press F6 or click the List F6 link in the Command Panel to see a list of all A&H Insurance Codes. The A&H Insurance Code can be up to 10 characters long. Some examples are AETNAAH for "Aetna Life and Casualty" and UNIVAH for "Universal Life and Casualty."
  • Description – Enter a description for the life insurance code. The description can be up to 25 characters long.
  • Maximum Premium – Enter the Maximum Premium for this insurance.
  • Maximum Term – Enter the Maximum Term for this insurance.
  • Maximum Coverage – Enter the Maximum Coverage for this insurance.
  • Cost – Enter the Cost of this insurance. This cost represents your cost to purchase this insurance for the buyer. You can enter the cost as a percentage (e.g. for 12% enter 12 and check Cost as Percent box) or a flat dollar amount (e.g. enter 35.00).
  • Cost As Percent – Check this box if the value in the Cost field is to be a percentage.
  • F&I Calc Program – Leave this field blank unless you had a custom Gross calculation program made by DockMaster in the past.
  • Comments – Enter comments for this A&H Insurance Code. This is a free form text field.
-- Rate Calculations –-​
  • Ending Term – Enter the ending loan term. Continue to enter each term until the maximum term is reached.
  • Rate / $100 – Enter the rate per one hundred dollars charged for first ending loan term. Continue to enter the rate for each term until the maximum term is reached.