How To Fix FVD_CLI_CLOAN103 - Rescission/notice not possible as insurrance case has already occurred

SAP Error Message - Details

• Message type: E = Error

• Message class: FVD_CLI_CLOAN - Credit Life Insurance for Consumer Loan

• Message number: 103

• Message text: Rescission/notice not possible as insurrance case has already occurred

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

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Smart SAP Assistant

• What is the cause and solution for SAP error message FVD_CLI_CLOAN103 - Rescission/notice not possible as insurrance case has already occurred ?

  The SAP error message FVD_CLI_CLOAN103 indicates that a rescission or notice action cannot be performed because an insurance case has already occurred. This typically relates to financial services or loan management modules within SAP, where certain actions are restricted once an insurance event has been processed.
  Cause:
  
  Insurance Event Triggered: The error occurs when an insurance event (like a claim or payout) has already been processed for the loan or financial product in question. This means that the system recognizes that the loan is already tied to an insurance case, which prevents further modifications like rescission or cancellation.
  Business Logic Restrictions: The underlying business logic in the SAP system is designed to prevent changes to loan agreements once an insurance case has been initiated to ensure compliance and integrity of financial transactions.
  
  Solution:
  
  Review Insurance Case: Check the details of the insurance case that has been triggered. You may need to assess whether the case is still valid or if it can be closed or modified.
  Consult with Insurance Provider: If the insurance case needs to be rescinded or modified, consult with the insurance provider or the relevant department within your organization to understand the implications and possible actions.
  System Configuration: If you believe that the error is incorrect or that the business process should allow for rescission despite an insurance case, you may need to review the configuration settings in SAP. This may involve working with your SAP administrator or a consultant to adjust the business rules.
  Documentation and Compliance: Ensure that all actions taken are documented and comply with internal policies and external regulations regarding loan management and insurance claims.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes in SAP that pertain to loan management and insurance processing, such as those for viewing loan details, insurance cases, and related reports.
  SAP Notes: Check the SAP Support Portal for any notes or updates related to this error message. There may be patches or updates that address specific issues or provide additional guidance.
  User Manuals and Training: Review user manuals or training materials related to the financial services module in SAP to better understand the processes and restrictions in place.
  
  If the issue persists after following these steps, it may be beneficial to escalate the matter to your SAP support team or consult with an SAP expert for further assistance.