CTHIn ForceLegislation
Financial Sector (Collection of Data) (reporting standard) determination No. 1 of 2021
23. Coinsurance Proportion23. Coinsurance Proportion
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23. Coinsurance Proportion
Your proportion of a co-insured risk, to 2 decimal places (e.g. 66.66 for 66.66%, or 100.00 for 100%). Advise APRA of how you record (a) turnover (b) limit of indemnity (c) premium (d) losses – 100% of the risk or just your share. The preferred form of data submission is indicated under each individual data field in this specification.
The expected value in this field is 100.00 if no coinsurance applies to the policy.