Updating FENZ/FSL Levies (NZ)

This guide provides step-by-step instructions for updating Fire and Emergency New Zealand (FENZ) or Fire Service Levies (FSL) globally within the system configuration.

Adding Taxes and Levies to the Policy

Policies Menu > Basic Policy Taxes > Look for the Risk from the dropdown list

After selecting the Policy select the green + sign and enter the Effective Date (retroactive date)

IMPORTANT

Do not enter an Expiry Date. If or when a new basic policy tax is required, JAVLN BMS will automatically expire the previous version.

On the right side, select the green + sign

Seq: Add the sequence that should be displayed on the screen. They need to be different

Tax or Levy: From the dropdown list, select the Tax or Levy

Tax Type: From the dropdown list select if the Tax is a Rate or a Fixed Amount

Allow Override: If the user should have the ability to override the Tax or Levy, select the checkbox

Tax Type Rate

Tax Rate: Set the commission Rate. If the Allow Override checkbox is ticked, the user will be able to override it

Category of Cover, Policy Extension, and Claim: Tick the boxes when the Tax is applicable

Then press SAVE

Tax Type Fixed Amount

Fixed Amount: you leave it blank, so the user needs to enter when doing the quote or you can enter the amount if it is always the same. (If the allow override is ticked, the user can override this value)

Pro Rata Fixed Amount?: If the Tax should be prorated, tick the box Pro Rata Fixed Amount

Policy Item, Category of Cover, Policy Extension, and Claims: Tick the boxes when the Levy is applicable

Extra Tax and Levy Authority: If the Levy attracts GST, look for the Levy name GST and select it

Extra Tax Override: If the Tax for the Levy can be overridden, tick the checkbox

Extra Tax Rate: Set the Tax Rate

Press SAVE

For the example above, these are the Taxes and Levies Applicable to this Risk

Carrier Contract

Setting up Policy Wordings and Taxes and Levies that are passed onto the Carrier

Policies Menu > Carrier Contract > Look for the Carrier(s) from the dropdown list

Select the green + sign and enter the Policy Wording name

On the right side add the following:

Reference

Effective Date (retroactive date)

Expiry Date (date in the future)

Carrier Contract Taxes

Select the green + sign to add all the Taxes and Levies that should be passed on to the Carrier

Select the Taxes and Levies from the dropdown list

Select the green + sign to add more Taxes and Levies

Then press SAVE

Notes: if more than one Carrier will commercialize this Product, repeat the same steps for each Carrier

For Overseas Insurers, make sure only WHT is added under Carrier Contract Taxes