How To Fix /PM0/ABR_PM_ERRORS205 - Premium &1 of contract causes impermissible premium for main insurance

SAP Error Message - Details

• Message type: E = Error

• Message class: /PM0/ABR_PM_ERRORS -

• Message number: 205

• Message text: Premium &1 of contract causes impermissible premium for main insurance

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.

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Smart SAP Assistant

• What is the cause and solution for SAP error message /PM0/ABR_PM_ERRORS205 - Premium &1 of contract causes impermissible premium for main insurance ?

  The SAP error message /PM0/ABR_PM_ERRORS205 indicates that there is an issue with the premium amount associated with a specific contract in the context of insurance management. This error typically arises when the premium for a specific coverage or component of the insurance contract exceeds permissible limits or does not align with the defined rules in the system.
  Cause:
  
  Impermissible Premium Calculation: The premium calculated for the specified coverage (in this case, "Premium &1") exceeds the limits set in the insurance contract or the rules defined in the system.
  Contract Configuration Issues: There may be misconfigurations in the contract settings, such as incorrect premium rates, coverage limits, or other parameters that govern premium calculations.
  Data Entry Errors: Incorrect data entry during the creation or modification of the insurance contract can lead to discrepancies in premium calculations.
  Regulatory Compliance: The premium may not comply with regulatory requirements or business rules that govern the insurance products.
  
  Solution:
  
  Review Contract Details: Check the details of the insurance contract, including the premium rates, coverage limits, and any specific rules that apply to the contract. Ensure that the premium is within permissible limits.
  Adjust Premium Calculation: If the premium is indeed too high, adjust the premium calculation parameters or the coverage amounts to bring it within acceptable limits.
  Validate Data Entry: Ensure that all data entered into the system is accurate and conforms to the expected formats and values. Correct any discrepancies found.
  Consult Configuration Settings: Review the configuration settings in the SAP system related to insurance products and premium calculations. Make necessary adjustments to ensure compliance with business rules.
  Check for Updates: Ensure that the SAP system is up to date with the latest patches and updates, as sometimes bugs or issues in earlier versions can lead to such errors.
  Engage with Support: If the issue persists, consider reaching out to SAP support or your internal IT team for further assistance. They may provide insights based on system logs or specific configurations.
  
  Related Information:
  
  SAP Documentation: Refer to the official SAP documentation for insurance management to understand the rules and configurations related to premium calculations.
  Transaction Codes: Familiarize yourself with relevant transaction codes in SAP that pertain to contract management and premium calculations (e.g., IP01, IP02 for insurance policies).
  User Forums: Engage with SAP user communities or forums where similar issues may have been discussed, and solutions shared by other users.
  
  By following these steps, you should be able to identify the root cause of the error and implement a solution to resolve it.