How To Fix FVD_INSURANCE070 - Insur. policy &1; collection auth. missing for specified payment method

FVD_INSURANCE070 - Overview

• Message type: E = Error

• Message class: FVD_INSURANCE - Messages for Insurance (Package FVVD_INSURANCE)

• Message number: 070

• Message text: Insur. policy &1; collection auth. missing for specified payment method

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.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

Unfortunately, there isn't any extra information in this error notice.

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FVD_INSURANCE070 - Details

• The SAP error message FVD_INSURANCE070 indicates that there is a missing collection authorization for a specified payment method related to an insurance policy. This error typically arises in the context of financial transactions involving insurance policies, particularly when attempting to process payments or collections.
  
  Cause:
  The error can occur due to several reasons:
  
  Missing Collection Authorization: The payment method specified for the insurance policy does not have the necessary collection authorization set up in the system.
  Incorrect Payment Method: The payment method being used may not be valid for the specific insurance policy or may not be configured correctly.
  Policy 
  Configuration Issues: The insurance policy itself may not be properly configured to allow for the specified payment method.
  Master Data Issues: There may be issues with the master data related to the customer or the insurance policy that prevent the payment method from being recognized.
  
  
  Solution:
  To resolve the error, you can take the following steps:
  
  
  Check Collection Authorizations:
  
  Navigate