Attachment B - Classes of business for aAttachment B - Classes of business for a general insurer

Attachment B - Classes of business for a general insurer

1. Direct classes of business referred to in the GI Prudential Standards are defined as follows:
   1. Householders

This class covers the common Householders policies, including the following classes/risks:

1. Contents;
2. Personal property;
3. Arson; and
4. Burglary.

Public liability normally attaching to these products is to be separated and included in the Public and Product Liability class of business – item (m). Similarly, Domestic Workers’ Compensation attaching to these products is to be separated and included in the Employers’ Liability class of business – item (o).

1. Commercial Motor

Motor vehicle insurance (including third party property damage) other than insurance covering vehicles defined below under Domestic Motor. It includes long and medium haul trucks, cranes and special vehicles, and policies covering fleets.

1. Domestic Motor

Motor vehicle insurance (including third party property damage) covering private use motor vehicles including utilities and lorries, motor cycles, private caravans, box and boat trailers, and other vehicles not normally covered by business or commercial policies.

1. Travel

Insurance against losses associated with travel including loss of baggage and personal effects, losses on flight cancellations and overseas medical costs.

1. Fire and Industrial Special Risks (ISR)