How To Fix FVD_INSURANCE077 - Insurance type &1 already exists for the loan

FVD_INSURANCE077 - Overview

• Message type: E = Error

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

• Message number: 077

• Message text: Insurance type &1 already exists for the loan

Self-Explanatory Message

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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.

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FVD_INSURANCE077 - Details

• The SAP error message FVD_INSURANCE077 indicates that there is an attempt to create or assign an insurance type for a loan that already has an existing insurance type of the same kind. This typically occurs in the context of financial services, particularly in loan management and insurance processing within the SAP system.
  
  Cause:
  The error is triggered when:
  
  You are trying to assign an insurance type (e.g., life insurance, property insurance) to a loan that already has that specific insurance type assigned.
  There may be a duplicate entry in the system for the same insurance type for the same loan.
  
  
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Check Existing Insurance Types:
  
  Navigate to the loan in question and check the existing insurance types assigned to it. You can do this through the relevant transaction codes or reports in SAP that display loan details.
  
  
  
  Review Data Entry:
  
  Ensure that you are not mistakenly trying to add the