How To Fix AA979 - Insurance type & requires a premium.

AA979 - Overview

• Message type: E = Error

• Message class: AA - Messages for Asset Accounting

• Message number: 979

• Message text: Insurance type & requires a premium.

What causes this issue?

The insurance type you entered requires that you enter an insurance
premium.

System Response

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

You can enter an insurance premium or choose a different insurance
type that does not require a premium. You can also change the
indicator "Premium required" in the insurance type you entered. This
change is made in Customizing, under the menu option Insurance.

Error message extract from SAP system. Copyright SAP SE.

AA979 - Details

• The SAP error message AA979 indicates that there is an issue related to the insurance type in the Asset Accounting (FI-AA) module. Specifically, it suggests that the insurance type specified for an asset requires a premium to be defined, but it is missing or not properly configured.
  
  Cause:
  
  Missing Premium Configuration: The insurance type assigned to the asset does not have a premium defined in the system.
  Incorrect Insurance Type: The insurance type may not be correctly set up in the system or may not be applicable for the asset in question.
  Asset Master Data Issues: The asset master data may be incomplete or incorrectly maintained, leading to this error.
  
  
  Solution:
  
  
  Check Insurance Type Configuration:
  
  Go to the configuration settings for insurance types in SAP (Transaction code: OAA3).
  Verify that the insurance type in question has a premium defined. If not, you will need to create or update the insurance type to include the necessary premium information.
  
  
  
  Review Asset