Financial Sector (Collection of Data) (reporting standard) determination No. 19 of 2016 - LOLRS 800.1 Policy Data: Public and Product Liability and Professional Indemnity Insurance
11. Date of Commencement/Inception (Term11. Date of Commencement/Inception (Term Inception Date)
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11. Date of Commencement/Inception (Term Inception Date)
Code the inception date of the risk in this field as DDMMYYYY.
12. Effective Start Date (for the purpose of tracking effect of endorsements)
Code the start date of any endorsement which changes the risk in this field as DDMMYYYY. Can be equal to or later than field 11. This field can also be blank if the row reported is not an endorsement record. Where this date is equal to the term expiry date, this signifies a premium adjustment at expiry of the contract.
Where there are multiple endorsements in one reporting period, each endorsement must be reported.