updateContractComponent
- Description
- This transaction updates the information for an existing contract component for a given contract. In addition, this transaction can be used as a coarse-grained transaction to update an existing contract component and to add a new or update an existing vehicle or property holding.
- Web Services
- Operation name: updateContractComponent
- Example
- In the financial services industry, a typical 'component' of a contract would be an insurance coverage-for example, whole life, term, auto- an investment such as a mutual fund, a checking account, and others.
- Usage information
- The required input for this transaction includes the contract
ID (key) and the contract component ID (key) and last update date.
Essentially all of the information that can be added as part of the addContractComponent transaction, including the product type, component status, the effective (issue) date of the component and others can be changed through this transaction.
- Preconditions
- Contract component must exist.
- Mandatory input
- LastUpdateDate
- Inquiry levels
- Not applicable
- Filter values
- Not applicable
- Transaction behavior
- A contract component can be associated with only one vehicle or
property holding object at a given time.
AdminContractId in Contract and TCRMNativeKeyBobj in contractComponent cannot be both provided.
- Request message
- <TCRMTxType> updateContractComponent
<TCRMTxObject> TCRMContractComponentBObj
<TCRMObject> TCRMContractComponentBObj
with optional business objects:
- Response objects
- TCRMContractComponentBObj
with optional business objects:
- Special note
- Not applicable