Document ID: chunk:federal_register_of_legislation:F2021L00346:reg:24:p3
Version: federal_register_of_legislation:F2021L00346
Segment Type: reg
Provision Reference: reg 24 (pt 3/8)
Character Range: 23167–25964

that event(s).

10. Date of Report

Enter as DDMMYYYY the date on which the claim was reported (not processed) to the agent or insurer.

11. Date Finalised

Enter as DDMMYYYY the date on which the finalised.  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.

Reopened claims that are still open at the end of the reporting period must not have a "date finalised".

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, this would usually be the State or Territory in which the claimant resides.

A claim that never reaches the stage of a writ is an out of court claim.

Where an insurer has multiple claimants under the one claim and payments are made to each claimant, but in different jurisdictions, the jurisdiction of the principle claimant should be used.

If the claim was settled overseas, code the jurisdiction as that of the policy holder's principle address.

This field is mandatory for finalised claims only.

13. Deductible/Excess

Total of all deductibles or excesses applied to this claim in whole dollars.  This may differ from the amount shown in field 20 on the related exposure record.

For Liability XOL policies, the relevant attachment point should be reported.

14. General Nature of Loss (Table 3)
General Nature of Loss                                      Code
Bodily injury or death                                      B
Property damage only                                        P
Financial loss only (no physical damage or bodily injury)   F
Both property damage and bodily injury                      L
Both bodily injury and financial loss                       X
Both property damage and financial loss                     Y
Property damage, bodily injury and financial loss           Z

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.

15. Cause of loss (Tables 4 & 5)

Code one of the causes shown in the following tables (for appropriate class of business). The most significant contributing factor should be identified.  Where a suitable cause of loss was not recorded in respect of a claim that occurred