What is main policyholder in SAP FS-PM - Policy Management?

SAP Term: main policyholder

• Component: FS-PM

• Component Name: Policy Management

• Description: Since it is possible to have more than one policyholder assigned to a policy, you have to identify one of them as the main policyholder. This lets you derive specific attributes of the policyholder that influence processing, and to determine these uniquely, for example the default values and the tax country.

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• Key Concepts: 
  The main policyholder is the primary person responsible for a policy. This person is the one who is responsible for making payments, managing the policy, and ensuring that all of the policy's requirements are met. In SAP FS-PM Policy Management, the main policyholder is the person who is responsible for creating and managing the policy. 
  
  How to use it: 
  In SAP FS-PM Policy Management, the main policyholder is responsible for creating and managing the policy. This includes setting up the policy, entering all of the necessary information, and making sure that all of the requirements are met. The main policyholder can also make changes to the policy as needed. 
  
  Tips & Tricks: 
  When setting up a new policy in SAP FS-PM Policy Management, it is important to make sure that all of the necessary information is entered correctly. This includes entering the correct information for the main policyholder, as this will be used to manage and maintain the policy. 
  
  Related Information: 
  For more information on SAP FS-PM Policy Management, please refer to SAP's official documentation. Additionally, there are many online resources available that provide helpful tips and tricks for using SAP FS-PM Policy Management.