How To Fix FVD_INSURANCE076 - Policy &1; collection authorization is missing for bank details ID &2

FVD_INSURANCE076 - Overview

• Message type: E = Error

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

• Message number: 076

• Message text: Policy &1; collection authorization is missing for bank details ID &2

Self-Explanatory Message

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FVD_INSURANCE076 - Details

• The SAP error message FVD_INSURANCE076 indicates that there is a missing collection authorization for the bank details associated with a specific insurance policy. This error typically arises in the context of financial transactions related to insurance policies, particularly when attempting to process payments or collections.
  
  Cause:
  The error occurs due to the following reasons:
  
  Missing Authorization: The user or the system does not have the necessary authorization to collect payments from the specified bank details associated with the policy.
  Incorrect Configuration: The bank details may not be properly configured in the system, or the authorization settings for the bank details ID are not set up correctly.
  Policy Status: The insurance policy may be in a status that does not allow for collections or payments to be processed.
  
  
  Solution:
  To resolve the error, you can take the following steps:
  
  
  Check User Authorizations:
  
  Ensure that the user attempting the transaction has the necessary authorizations to perform collections for the specified bank