Fida Finance - API & Developer Documentation
  • INTRODUCTION
    • 💫Transform Risk into Opportunity!
    • 🗞️Whitepaper
    • ✨Core Values
    • 🎴Founder's NFT Collection
    • 📬Contact Us
  • Usage
    • Issuing a Policy
    • Command Line Interface
      • Policy Management
      • Claims Management
  • Fida Policy
    • Policy Contract
    • Policy Life Cycle
      • Policy Initiated
      • Policy Funding
      • Policy on Risk
        • Pay Premium
        • Receive Fida Cards
        • Create a Claim
        • Finalize a Claim
      • Policy Expiration
    • Policy Discovery
  • Investors
    • Investor Contract
    • Investor Contract Life Cycle
      • Registration
      • Buy Fida Cards
      • Sell Fida Cards
      • Unlocking Collateral
      • Withdraw from premium pool
      • Close Account
    • Investor Income
      • Earning premium
      • Staking
    • Investor Discovery
  • 📡MEDIA
    • Library
  • 📚Knowledge
    • FAQ
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  1. Fida Policy
  2. Policy Life Cycle
  3. Policy on Risk

Finalize a Claim

Only the policy owner has the authority to collect a claim. Before the claim can be collected, it must be prepared and authorized in accordance with the respective policy authority. The authorization process entails the creation of an authorization transaction signed according to the policy authority's requirements. The policy authority refers to the entity or entities responsible for making decisions regarding the policy. Various options are available, such as:

  • SingleSign: A single signature is required from a specified wallet.

  • AtLeastOneSign: At least one signature is required from a designated list of wallets.

  • AllMustSign: Signatures from all wallets on the list are necessary.

  • MajorityMustSign: A majority of the listed wallets must provide signatures.

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Last updated 1 year ago

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