That options are available at top of Import & processing properties window.

You can predefine a paragraph text placeholder in template for future text import. Depends on settings your text will automatically fit to available frame in desired way at the moment when template will be populated with data. This can be manual or automated process.
Paragraph Text Preferences
Keep template specified text size
This option will not adjust paragraph text size or spacing when text will be inserted into placeholder. This means that text will be longer than can fit to area of paragraph text - it will be cropped. Use this option when original look is a priority and text look must stay as designed, even at cost of cropped text.
Horizontal shrink text to frame on overflow
This option will adjust paragraph text spacing when text will be inserted into placeholder and will have more characters than can fit to area of paragraph text. Use this option when having all text fit into paragraph text area is a priority, regardless of how it is long. The cost is a change of text design. If paragraph text frame has area enough to fit all text characters - there will be no adjustment to spacing.
Fit text size to frame on overflow only
This option will adjust paragraph text font size when text will be inserted into placeholder and will have more characters than can fit to area of paragraph text. Use this option when having all text fit into paragraph text area is a priority, regardless of how it is long. The cost is a change of text design. If paragraph text frame has area enough to fit all text characters - there will be no adjustment to font size.
Always fit text size to frame
This option will decrease paragraph text font size when text will be inserted into placeholder and will have more characters than can fit to area of paragraph text. Use this option when having all text fit into paragraph text area is a priority, regardless of how it is long. The cost is a change of text design. If paragraph text frame has area enough to fit all text characters its size will be enlarged in order to fully cover available space.
Use Krasbit Auto-Fit
This method is slower but more accurate than CorelDRAW native auto-fit text.
Krasbit Chameleon Properties
Template and placeholder configured via Krasbit Layouter is fully compatible with Chameleon Studio software. It means that the placeholder configuration you specify using Layouter will be readable and respected by Chameleon Studio Renderer application when it will be populating template text placeholder with data automatically. Settings in that frame are exclusively related to Chameleon Studio software. Refer to Chameleon Studio documentation for more details if you own this software.
Text Parsing Mode
Here you can prepare your text placeholder whatever it should keep imported text as is or parse it and stylize properly depends on setting.
Plain text
Default option. Use if you are importing a plain text from other sources than CorelDRAW without extra formatting.
Rich text / BB Code
This parser will recognize this tags and stylize text:
- [b]...[/b] - will bold the … text
- [i]...[/i] - will italics the …text
- [u]...[/u] - will underline the …text
- [sup]...[/sup] - will superscript the …text
- [sub]...[/sub] - will subscript the …text
Basic HTML
- <b>...</b> - will bold the … text
- <i>...</i> - will italics the …text
- <u>...</u> - will underline the …text
- <sup>...</sup> - will superscript the …text
- <sub>...</sub> - will subscript the …text
Insert Text Test
You can test how your paragraph text placeholder will place text using one of 2 test buttons.
Paste into text object
Will paste a text from clipboard into selected paragraph text placeholder.
Insert Text Test
Will insert a text from a test textarea into selected paragraph text placeholder.
Text utilities
Similar option to paste text into placeholder is available at Text utilities window.

Import text properties
If you have selected paragraph text object - this will open Text Placeholder Properties tab. So you can verify or edit existing properties of text placeholder.
Paste text into object
Use this button to finally paste text into predefined text placeholder and run fit to frame and parsing actions as configured at placeholder.