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

SAP Error Message - Details

• 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.

What else can you do?

First, use our AnswerBot below to get a possible cause and solution (requires a premium subscription).

Also, review the in-depth Common Questions & Answers listed below; you could discover a solution there or be able to connect with others who have faced similar challenges.

You can also try searching the SAP support portal (support.sap.com) but you need a special user ID to access it. It is possible that an SAP support note exists that provides additional details about the mistake or even steps for fixing it.

Smart SAP Assistant

• What is the cause and solution for SAP error message FVD_INSURANCE070 - Insur. policy &1; collection auth. missing for specified payment method ?

  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 to the configuration settings for collection authorizations in your SAP system.
  Ensure that the payment method in question is authorized for the insurance policy type you are working with.
  
  
  
  Verify Payment Method Configuration:
  
  Go to the payment method configuration in the SAP system.
  Ensure that the payment method is correctly set up and linked to the relevant insurance policies.
  
  
  
  Review Insurance Policy Settings:
  
  Check the specific insurance policy associated with the error.
  Ensure that the policy is configured to accept the payment method being used.
  
  
  
  Update Master Data:
  
  Review the master data for the customer and the insurance policy.
  Make sure that all relevant fields are filled out correctly and that there are no discrepancies.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for specific guidance on configuring collection authorizations and payment methods.
  
  
  
  Contact Support:
  
  If the issue persists after checking the above points, consider reaching out to your SAP support team or consulting with an SAP expert for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes such as SPRO for configuration, FBL1N for vendor line items, or FBL3N for G/L account line items to investigate further.
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional troubleshooting steps.
  User Roles and Permissions: Ensure that the user attempting the transaction has the necessary roles and permissions to access and modify the relevant configurations.
  
  By following these steps, you should be able to identify and resolve the issue causing the FVD_INSURANCE070 error in your SAP system.