ISTAR Overlays enable a manual override, by client and security, of the Issue Name, Schedule placement, SVO Category, SVO Subcategory, Summary Investment Schedule Line Number, AM Best Line Number, and Not Practicable Explanation. Any overlay assignment takes precedence over the reference data and placement of a security that would otherwise be determined during the ISTAR Refresh Process.
To create an ISTAR Overlay:
- In Accounting Center, in the left navigation pane, click Setup > Insurance > Securities > Create Insurance Overlay.
You see the Create Insurance Overlay panel.
- Enter the Client ID, Xref Security ID, and Effective Date that defines where to apply the overlay.
Any previous overlay definition, for this client/Xref Security ID/effective date combination, automatically appears in the Add ISTAR Overlay Data section, for review.
- Complete the overlay data definition for Issue Name, Schedule, Category, Subcategory, SIS Line Number, and AM Best Line Number.
- Complete the Not Practicable Explanation with any "Not Practicable" explanation added to an asset at the client level.
See the "About the Not Practicable Explanation" section for more information.
- Click Submit to store the overlay information, for this client, security, and effective date.
The ISTAR Refresh/Valuation process will apply this overlay, using the most recent overlay with an effective date less than or equal to the ISTAR Refresh/Valuation effective date.
Note: |
The most recent data is displayed for the client, Xref Security ID, and effective date combination upon data entry of these fields. When you submit the panel, all seven overlay fields are updated. That is, blanking an overlay field nulls the previous value. To keep a previous overlay field in effect, you must re-enter the same value in the Add ISTAR Overlay Data section for that field. |
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