Financial Sector (Collection of Data) (reporting standard) determination No. 18 of 2016 - GRS 800.3 - Facility Business Data: Public and Product Liability and Professional Indemnity Insurance
3. Facility Identifier3. Facility Identifier
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Turn the raw legal text into a practical explanation grounded in Financial Sector (Collection of Data) (reporting standard) determination No. 18 of 2016 - GRS 800.3 - Facility Business Data: Public and Product Liability and Professional Indemnity Insurance.
3. Facility Identifier
A unique identifier for each facility where the insurer has received in excess of $100,000 in premium or made gross payments in excess of $100,000, for each respective six month period. Facilities where the insurer has received less than $100,000 in premium or made gross payments of less than $100,000 in the six month period are to be included as one record with the identifier “Other”. If a facility was previously reported separately, but now falls below the $100,000 threshold, it can now be reported as part of the “Other” data.