Message type: E = Error
Message class: 3O - HR: Messages for Taiwan
Message number: 302
Message text: New insurance amount decreased -> please specify reason
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3O302
- New insurance amount decreased -> please specify reason ?The SAP error message 3O302 ("New insurance amount decreased -> please specify reason") typically occurs in the context of insurance management within SAP, particularly when dealing with insurance policies and their associated amounts. This error indicates that a new insurance amount has been entered that is lower than the previous amount, and the system requires a reason for this decrease.
Cause: Policy Adjustment: The user may have adjusted the insurance amount due to a change in coverage, risk assessment, or other business reasons. Data Entry Error: The decrease might be unintentional, resulting from a data entry mistake. Regulatory Compliance: Sometimes, changes in regulations or company policies may necessitate a reduction in insurance coverage.
Solution: To resolve this error, you need to provide a reason for the decrease in the insurance amount. Here are the steps to follow: Identify the Reason: Determine why the insurance amount is being decreased. Common reasons might include: Change in risk profile Policy renewal adjustments Changes
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