What is policy expiration date in SAP ICM - Incentive and Commission Management (ICM)?

SAP Term: policy expiration date

• Component: ICM

• Component Name: Incentive and Commission Management (ICM)

• Description: Incentive and Commission Management End of the period covered by the insurance as set out in the contract. Certain parts of the contract, for example supplementary insurance, may cease to apply at an earlier date.

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• Key Concepts: 
  The policy expiration date in SAP ICM Incentive and Commission Management (ICM) is the date when a policy or agreement between two parties expires. This date is set by the policy owner and is used to determine when the policy should no longer be in effect. 
  
  How to use it: 
  The policy expiration date is used to determine when a policy should no longer be in effect. This date can be set by the policy owner and can be changed at any time. When the expiration date is reached, the policy will no longer be valid and any associated payments or incentives will no longer be available. 
  
  Tips & Tricks: 
  It is important to keep track of the policy expiration date in order to ensure that all policies are up-to-date and valid. It is also important to ensure that any associated payments or incentives are stopped when the expiration date is reached. 
  
  Related Information: 
  For more information on SAP ICM Incentive and Commission Management (ICM), please visit the SAP website at https://www.sap.com/products/incentive-and-commission-management.html