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
Appendix B: Example Treatment of ExposurAppendix B: Example Treatment of Exposure Records
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Appendix B: Example Treatment of Exposure Records
Lloyd’s is 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).
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