How To Fix /PM0/ABB_MESSAGES370 - Specify either "Net Premium" or "Premium Rate"

/PM0/ABB_MESSAGES370 - Overview

• Message type: E = Error

• Message class: /PM0/ABB_MESSAGES -

• Message number: 370

• Message text: Specify either "Net Premium" or "Premium Rate"

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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Smart SAP Assistant

• What is the cause and solution for SAP error message /PM0/ABB_MESSAGES370 - Specify either "Net Premium" or "Premium Rate" ?

  The SAP error message /PM0/ABB_MESSAGES370 indicating "Specify either 'Net Premium' or 'Premium Rate'" typically arises in the context of insurance or financial modules within SAP, particularly when dealing with premium calculations in insurance contracts.
  
  Cause:
  This error occurs when a user attempts to create or modify an insurance contract or policy without providing the necessary information regarding the premium. Specifically, the system requires either a "Net Premium" (the actual amount to be paid) or a "Premium Rate" (the rate applied to calculate the premium based on some base amount). If neither of these values is specified, the system cannot proceed with the transaction, leading to this error message.
  
  Solution:
  To resolve this error, you should:
  
  
  Check the Input Fields: Ensure that you have filled in either the "Net Premium" or the "Premium Rate" field in the relevant transaction or screen. 
  
  
  Determine the Appropriate Value:
  
  If you have a specific premium amount that the customer is to