An insured person has a property type Role to specify the related policy outline,
such as connected life insurance or add-on widow insurance.
. Calculation basis has a property type Computation purpose, which could have
values like a balance and a calculation.
. Surplus may be based on different types, such as a bonus, an immediate risk
bonus, and an immediate premium deduction.
. Payments could be further characterized by their type.
. Tariff has two property types: Type for specifying the tariff type used, such as
new contracts, compensation, and dynamic, and a property type Variant for
specifying if different tariffs are used over the time.
All these properties had some prede?¬?ned values that could be directly used as a
basis for selection. Therefore, the property types were de?¬?ned as different kinds of
lists, such as an overridable list for either selecting one of the prede?¬?ned values or
typing one-off values, or an editable list where the modeler can add values to the list
for future selection. The language was de?¬?ned mostly to use editable lists and it was
decided that their use would be analyzed later once the language had been used for
de?¬?ning a larger number of products.
LANGUAGE FOR MODELING INSURANCES 125
Each modeling concept needed a reference property type for specifying the
package to which it belongs.
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