Document ID: chunk:federal_register_of_legislation:F2021L00346:reg:24:p1
Version: federal_register_of_legislation:F2021L00346
Segment Type: reg
Provision Reference: reg 24 (pt 1/8)
Character Range: 16216–20642

24            Gross Third Party Recoveries Outstanding              M           O                   12n
25.1          Past economic loss                                    M           M                   12n
25.2          Future economic loss                                  M           M                   12n
25.3          Past medical, hospital, caring and related services   M           M                   12n
25.4          Future medical, hospital and related services         M           M                   12n
25.5          Future caring services                                M           M                   12n
25.6          General damages                                       M           M                   12n
25.7          Interest                                              M           M                   12n
25.8          Plaintiff legal costs                                 M           M                   12n
25.9          Defendant legal costs                                 M           M                   12n
25.10         Investigation costs                                   M           M                   12n
25.11         Other                                                 M           M                   12n

1Date must be DDMMYYYY, no delimiter.

Key:

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

M1 – mandatory only if field 3 (Status at end of Reporting Period) = "F".

M2 – mandatory only if field 14 (General Nature of Loss) contains a bodily injury component.

O – optional field.

a – alpha.

n – numeric.

* Fields so indicated, as a combination, must be unique.

** A new claim is determined by the following process:

Claims Record Data Field Definitions

1.  Insurer code

A unique code assigned by APRA to each contributor.

2. Record type

•  C = Claims Record

3. Status at End of Reporting Period

    •                 C = Current

    •                 F = Finalised

    •                 R = Reopened

    •                 S = Structured Settlement

A structured settlement occurs when a claim has been settled and payments are made as annuities over time, rather than in a single payment.

If a claim has been reopened and is closed again in the same period, the status should remain as finalised however there is a need to provide the updated finalised data for such a claim, such as $ paid etc. If a claim has been advised as finalised in a previous submission, has since been reopened AND is still open at the end of the current reporting period, the claim should be recorded as 'Reopened'.

4. Month of End of Reporting Period

The data for each submission will relate to a six month period.  Enter as DDMMYYYY the last day of the period being reported, e.g. insert 30062004 for data relating to the six months ending 30 June 2004.

5.1. Class of Business

    •                 PL = Public & Products Liability

    •                 PI = Professional Risk

5.2. Product Type (Table 1)

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