FMT Lingo
FMT Processes
Bob's Policy
100

Abbreviation for Electronic Funds Transfer

What is an EFT?

100

Compares loan balances from OIPA to this

What is the General Ledger?

100

Notifies Bob that his policy is in danger of lapse if payment is not received soon

What is a grace notice?

200

Acronym for Oracle Insurance Policy Administration

What is OIPA?

200

Determines if, when, and how frequently grace and lapse notices are required to be sent to a client

What are state regulations?

200

A return EFT notice was received due to this information being invalid

What is bank account information?

300

OOB is shorthand for this

What is an Out-of-Balance?

300

Task that is impacted by incorrect bank information

What are Return EFT's?

300

May offer a financial solution when Bob has encountered a hardship

What is a loan?

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