Using Client Refresh Elections, you can configure ISTAR Refresh/Valuation processing to bypass the creation of some summary data for several reports and schedules for a client. You can choose to only build summary data on a monthly, quarterly, or annual basis. You can also enforce that the prior month end be frozen before you are permitted to run the ISTAR Refresh/Valuation process for subsequent periods. You can use these elections as a means of reducing the build and storage of data that is not required, and as a result, reducing the processing time to build necessary Insurance data.
Client elections constrain whether the ISTAR Refresh builds summary data during refresh processing. When clients are first added they have no elections, that is, the ISTAR Refresh builds summary data for all processes, whether or not the prior month is in freeze status.
Additional options are available in the Clients grouping to edit, delete, and list Client Refresh Elections information, including history.
Create Client Refresh Elections
To create client refresh elections that control ISTAR Refresh builds for summary data:
In Accounting Center, in the left navigation pane, click Setup > Insurance > Clients > Create Refresh Elections.
You see the Create Refresh Elections panel.
Complete the options on the panel.
Click Submit.
The system stores client elections on the ISTAR_CLIENT_ELECTION table in the ISTAR database.
Create Refresh Elections Panel Options
The following table describes each option on the panel.
Option | Description |
|---|---|
Process | |
Client ID | Specifies the client ID of the client to set refresh elections. |
Client Name | Specifies the name of the client to set refresh elections. |
Select Client Data | |
A.M. Best | Specifies the refresh dates to build summary data for A.M. Best reporting. Options include:
|
AVR | Specifies the refresh dates to build summary data for Asset Valuation Reserve reporting. Options include:
|
IMR | Specifies the refresh dates to build summary data for Interest Maintenance Reserve reporting. Options include:
|
Schedules D1A1 & D1A2 | Specifies the refresh dates to build summary data for Schedule D – Part 1 – Sections 1 and 2. Options include:
Note: Cash Projections are required for the month-end to fully build D1A1/D1A2 data. |
Statutory Disclosure Summary | Specifies the refresh dates to build summary data for Statutory Disclosure Summary reporting. Options include:
|
Summary Investment Schedule | Specifies the refresh dates to build summary data for Summary Investment Schedule reporting. Options include:
|
Supplemental Investment Risks Interrogatories | Specifies the refresh dates to build summary data for Supplemental Investment Risks Interrogatories reporting. Options include:
|
Schedule D1B | Specifies the refresh dates to build summary data for Schedule D – Part 1B. To use this field, you must select No for your Supplemental Investment Risks Interrogatories option. Options include:
|
Require Prior-Month Freeze | Specifies whether the prior month must be in freeze status, before you can submit the ISTAR refresh. The default is No.
|
ECG – Gain/Loss on Cash | Specifies the refresh dates to calculate and build realized and unrealized gain/loss on cash positions and activity reported on the Exhibit of Capital Gains/(Losses). Options include:
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