How To Fix FVD_INSURANCE075 - Insurance policy &1; bank details with collection authorization missing

FVD_INSURANCE075 - Overview

• Message type: E = Error

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

• Message number: 075

• Message text: Insurance policy &1; bank details with collection authorization missing

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_INSURANCE075 - Details

• The SAP error message FVD_INSURANCE075 indicates that there is an issue with an insurance policy where the bank details required for collection authorization are missing. This error typically arises in the context of financial services or insurance modules within SAP, particularly when dealing with direct debit collections or similar transactions.
  
  Cause:
  The error occurs due to one or more of the following reasons:
  
  Missing Bank Details: The insurance policy does not have the necessary bank account information associated with it.
  Collection Authorization: The required authorization for collecting payments via direct debit is not set up or is incomplete.
  Data Inconsistency: There may be inconsistencies in the data related to the customer or policy that prevent the system from processing the payment.
  
  
  Solution:
  To resolve the error, you can take the following steps:
  
  
  Check Bank Details:
  
  Navigate to the customer or policy record in SAP.
  Ensure that the bank details (such as account number, bank key, etc.) are correctly entered and