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Save as section gives error - circumstanced rule

I am getting below error in while saving as a circumstanced section. 

"This Rule cannot be created: it is qualified by a Circumstance, Circumstance Date, or Date Range; but no default version exists"

how to resolve it ? please provide your inputs.

Thanks,

Anto

 

***Edited by Moderator Marissa to update Content Type from Discussion to Question; change from General to Product***

Pega Platform 8.1.4 Application Development Dev/Designer Studio Insurance Lead System Architect