Document ID: chunk:federal_register_of_legislation:F2015L00811:body:0:p10
Version: federal_register_of_legislation:F2015L00811
Segment Type: other
Provision Reference: 
Character Range: 28340–31212

for each corresponding column in item 3.1.

Claims paid  Represents where an insurance provider makes a payment with respect to a claim made by an RSE licensee. Includes: rehabilitation costs or benefits that minimise claims experience or potential prepayment of insured amounts.

Reinsurance agreement detail

Item 4 collects reinsurance policies providing reinsurance to self-insurance arrangements held by an RSE licensee for members of an RSE during the reporting period.

Report reinsurance policies held by the RSE licensee aggregated by reinsurer ('a cluster').

Reporting basis: report item 4.1 column 1 to item 4.1 column 9 inclusive and item 4.2 column 2 as at the end of the reporting period; report item 4.2 column 3 to item 4.2 column 6 inclusive with respect to transactions that occurred during the reporting period. Where a reinsurance policy ceased during the reporting period, report '0' for item 4.1 column 4 to column 9 inclusive and report the value of premiums and rebates in item 4.2 column 2 to column 6 inclusive in relation to transactions that occurred during the reporting period prior to the policy ceasing.

Unit of measurement: report item 4.1 column 4, item 4.1 column 6, item 4.1 column 8 as a whole number; report item 4.1 column 5, item 4.1 column 7, item 4.1 column 9 and item 4.2 column 2 to item 4.2 column 6 inclusive as thousands of dollars.

Item 4             Report each cluster on a separate line in item 4.1 and item 4.2.

                   For each cluster, report by reinsurance cover type in item 4.1 and by premiums in item 4.2.

                   For each cluster, report the same reinsurer name in item 4.1 column 1 and item 4.2 column 1 to link reinsurance cover type and premiums.

                   For each cluster, report in item 4.1:

                       * the name and ABN of the reinsurer in column 1 and column 2;

                       * if the reinsurer reported in column 1 is an associate of the RSE licensee, report 'yes' in column 3; otherwise, report 'no'; and

                       * the reinsurance cover by reinsurance cover type. For each reinsurance cover type, report the member accounts in column 4, column 6 and column 8 respectively and the cover limit applied to those member accounts column 5, column 7 and column 9 respectively.

                   The reinsurance cover types are: stop loss cover, catastrophe cover and other reinsurance cover.

                   For each cluster, report in item 4.2:

                       * the ABN of the insurer in column 1;

                       * the value of reinsurance premium collected column 2;

                       * the value of reinsurance premium, gross of reinsurance premium rebate, paid to the reinsurer during the current reporting period that was: paid by the RSE in column 3; paid by the RSE licensee in column 4;