Document ID: chunk:federal_register_of_legislation:F2021L00344:reg:23:p1
Version: federal_register_of_legislation:F2021L00344
Segment Type: reg
Provision Reference: reg 23 (pt 1/9)
Character Range: 16681–20979

23            Coinsurance proportion                                   M           M                   5n

1 Date must be DDMMYYYY, no delimiter.

Key:

M – mandatory field on all records from 1 July 2004.

O – optional field.

T – at least one of these field must contain a value (i.e. not blank).

a – alpha.

n – numeric.

* Fields so indicated, as a combination, must be unique for each reporting period.

Note: Where a policy is endorsed during the reporting period, separate records should be submitted for the exposure before and after the endorsement showing the relevant factors.  See Appendix A, scenario 3 for example exposure records.

Policy Record Data Field Definitions

1. Insurer code

This will be provided by APRA when advised of the method of delivery of the data.

2. Class of Business

    •                 PL = Public & Product

    •                 PI = Professional Risk

3. Record type

•  P = Policy record

4. Policy Basis

    •                 C = Claims Made basis

    •                 L = Losses Incurred basis

5. Status

    •                 N = New

    •                 R =Renewal

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

6. Month of End of Reporting Periods

The data will relate to a six month period.  Code the last day of this period in this field as DDMMYYYY, e.g. insert code 30062003 for data relating to the six months ending 30 June 2003.

7. Policy Number

The unique market reference field allocated by the Lloyd's broker.  This information is only used for cross-referencing by APRA – it will not be published except in any individual data reports prepared for the insurer concerned.

8. Risk Number

The broker reference field used to sub-divide accounting entries into different countries.

9. Product Type

 Class                                                                      Public Products   &    Professional Risk
 Public liability (pure)                                                    PUB
 Products liability (pure) and product recall                               PRO
 Mixed public/products cover ('Broadform' liability)                        BRD
 Umbrella covers                                                            UMB
 Environmental impairment liability                                         EIL
 Construction liability                                                     CON
 Cyber Insurance                                                            CYB
 Excess Liability                                                           EXL
 Excess Umbrella                                                            EXU
 Other                                                                      PLO
 Professional indemnity (not medical malpractice) and errors & omissions                           PII
 Directors' and Officers' liability                                                                D&O
 Employment Practices                                                                              EPL
 Association Liability                                                                             ASN
 Superannuation Trustees                                                                           STL
 Defamation Insurance                                                                              DFI
 Financial Institutions Policy                                                                     FIP
 Information & Communication Technology Insurance                                                  ICT
 Medical Indemnity/Malpractice                                                                     MAL
 Management Liability                                                                              MAN
 Other                                                                                             PIO

Note that where business is written as part of a package policy, the "Product type" is to be based on the nature of the cover offered, as set out in the above table.  The fact that cover is sold in conjunction with other types of insurance is not collected.

10. Original Inception Date

Code the date when a policy providing this cover was first issued to the client in this field as DDMMYYYY.  Where this information is not available, enter