Known Issue 125

Amount Pro Rata Reinstatement Premium is set to $0 for the event that triggers the last reinstatement.

Issue ID	125
Summary	Amount Pro Rata Reinstatement Premium is set to $0 for the event that triggers the last reinstatement.
Description	For the event in a given year to triggers the final reinstatement (i.e., the event that exhausts the penultimate instance of an Occurrence Limit), any reinstatement premium with an Amount Pro Rata setting will be calculated as $0. This means the Final Net Loss will be equal to the Contract Loss for that event. Premiums that are not Pro Rata based on the limit are all calculated correctly, and Pro Rata premiums for all other reinstatements are not impacted by this bug. Final Net Loss and Net of Premium Loss perspectives are overestimated for these events as no premium is incurred. Contract Loss is not impacted at all and is correct for all events.
Resolved in	Hot Fix 10.0.1
Date posted	7/11/2022
Software versions affected	10.0, 9.0
Feature set	Loss analysis
Models
Potential for loss numbers impact	Yes, but only Final Net Loss and Net of Premium loss perspectives. Contract Loss is not impacted.
Workaround