Financial Sector (Collection of Data) (reporting standard) determination No. 16 of 2016 - Reporting Standard GRS 800.1 - Policy Data: Public and Product Liability and Professional Indemnity Insurance
Appendix A: Example Treatment of ExposurAppendix A: Example Treatment of Exposure Records
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Appendix A: Example Treatment of Exposure Records
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).