What is 'reinstate' in SAP FS-RI-PUM - Professional Underwriting Management Application?

reinstate - Overview

• Component: FS-RI-PUM

• Component Name: Professional Underwriting Management Application

• Description: One or more insurance periods are restored to the original or adjusted conditions.

reinstate - Details

• 
  Key Concepts: 
  Reinstate is a feature in the FS-RI-PUM Professional Underwriting Management Application of SAP. It allows users to restore a previously cancelled policy to its original state. This feature is useful for correcting mistakes or restoring policies that have been cancelled in error. 
  
  How to use it: 
  To reinstate a policy, the user must first locate the policy in the system. Once the policy is located, the user can select the “Reinstate” option from the menu. This will restore the policy to its original state, including any changes that were made prior to cancellation. 
  
  Tips & Tricks: 
  When reinstating a policy, it is important to double-check all of the information associated with the policy to ensure that it is accurate and up-to-date. Additionally, it is important to note that reinstating a policy does not automatically restore any payments or fees associated with the policy. 
  
  Related Information: 
  For more information on using the Reinstate feature in SAP, please refer to the FS-RI-PUM Professional Underwriting Management Application User Guide. Additionally, you can contact your SAP support team for assistance with any questions or issues related to this feature.