Document ID: chunk:federal_register_of_legislation:F2021L00347:reg:24:p2
Version: federal_register_of_legislation:F2021L00347
Segment Type: reg
Provision Reference: reg 24 (pt 2/6)
Character Range: 19364–22319

or relates to a period of time, then use the date when the claim was made or the first advice was given to Lloyd's syndicates.

10. Date of Report

Code date when claim was first advised (not processed) to the Lloyd's syndicate as DDMMYYYY.

11. Date Finalised

Code date when claim is finalised as DDMMYYYY.  This field should only be completed when all payments to the claimant(s) and any third party suppliers are believed to have been made and all recoveries expected from third parties (ignoring reinsurers) have been received.  Note that a claim may be recorded as finalised even if recoveries from reinsurers have not been received.

If the status of the claim is Finalised, this field is mandatory.  Where the claim is not finalised this field is "blank".

12. Jurisdiction of Claim

This is the state (ACT, NSW, NT, QLD, SA, TAS, VIC or WA) where the claim has been decided by a court judgement. If the claim is decided in a federal court, input the state where the claim was heard. However, if the claim is settled out of court, then input the state where the claim was settled, i.e. the state in which the claimant's payment is paid.

Where this information is not available, enter a hyphen ("-").

13. Deductible/Excess

Total of all deductibles or excesses applied to this claim in whole dollars converted to A$ using end of processing month rates of exchange.  This may differ from the amount shown in field 20 on the related exposure record.

Where this information is not available, enter a hyphen ("-").

14. General Nature of Loss

Code the general nature of loss as

    •                 P = Property damage only

    •                 B = Bodily injury or death

    •                 L = Both property damage and bodily injury

    •                 F = Financial loss only (no physical damage or bodily injury)

    •                 X = Both bodily injury and financial loss

    •                 Y = Both property damage and financial loss

    •                 Z = Property damage, bodily injury and financial loss

Code as a hyphen ("-") if unknown

If a claim is comprised of more than one general nature of loss field type (i.e. P (property damage) and B (bodily injury)), then a claim may only be coded as L, X, Y or Z if the relevant component is greater than 15% of the claim amount.

Where this information is not available, enter a hyphen ("-").

15. Cause of loss

Code one of the causes shown in the following table to the claim.  The most significant contributing factor should be identified.

Where this information is not available, enter a hyphen ("-").

APRA   Claim Type – Public & Products Liability                                                                                                             Current ISA Code(s)
Code                                                                                                                                                         (for