Document ID: chunk:federal_register_of_legislation:F2021L00345:reg:23:p1
Version: federal_register_of_legislation:F2021L00345
Segment Type: reg
Provision Reference: reg 23 (pt 1/11)
Character Range: 16584–19358

23            Coinsurance proportion                                   M           M                   6n

1 Date must be DDMMYYYY, no delimiter.

Key:

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

O – optional field.

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

R – mandatory field if field 17e is used.

a – alpha.

n – numeric.

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

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. If there are multiple endorsements or an endorsement covering the entire policy term that duplicates the unique record key (as above), then these records must be aggregated to create a single record that contains the latest statistical data relevant to the policy. See Appendix A, scenario 3 for example exposure records.

Policy Record Data Field Definitions

1. Insurer code

A unique code assigned by APRA to each contributor

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

Code R where the insurer made a renewal offer to the policyholder and the policy was renewed, whether or not adjustments were made to policy details or coverage on renewal, i.e. there is effective continuity with the insurer, even if the policy is not technically renewed, such as with claims made policies under the Insurance Contracts Act. Code all other policy records as N.

The Status on an endorsement or cancellation should match that of the base policy. That is, endorsements on a renewed policy would have a status of 'R', while an endorsement on a new policy would have a status of 'N'.

6. 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.

7. Policy Number

A unique policy identifier (which may relate to several separate risk records) by which the exposure and premium information on each individual record can be identified.  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

A unique risk identifier (which may be the same as the policy number if the policy contains a single risk) by which the exposure and premium information on each individual