CTHRepealedLegislation
Financial Sector (Collection of Data) determination No. 30 of 2005
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Financial Sector (Collection of Data) determination No. 30 of 2005
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Turn the raw legal text into a practical explanation grounded in Financial Sector (Collection of Data) determination No. 30 of 2005.
Insurers are to provide an initial record for each policy/risk at the start of each period with additional records each time that policy/risk changes in any way in terms of its exposure. The following sets out the expected relationship between Gross Annualised Premium and Gross Earned Premium for your information.
Note: Start date = Term Inception Date (field 11) Date exp from = Effective Start Date (field 12)
End date = Term Expiry Date (field 13) Date exp to = Effective End Date (field 14)
GAP = Gross Annualised Premium (field 15a), NOT written premium. GEP = Earned Premium (field 15b).
Renewal Example
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Endorsement Example
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Back-dated Endorsement Example
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Cancellation Example
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