Financial Sector (Collection of Data) (reporting standard) determination No. 21 of 2016 - LOLRS 800.3 - Facility Business Data: Public and Product Liability and Professional Indemnity Insurance
11. Gross Payments Made in Reporting per11. Gross Payments Made in Reporting periods
Start here
Get a plain-English read of 11. Gross Payments Made in Reporting per
Turn the raw legal text into a practical explanation grounded in Financial Sector (Collection of Data) (reporting standard) determination No. 21 of 2016 - LOLRS 800.3 - Facility Business Data: Public and Product Liability and Professional Indemnity Insurance.
11. Gross Payments Made in Reporting periods
Lloyd’s share of payments made for this facility since the last reporting period, net of GST in whole dollars, no decimal point and converted to A$ using end of processing month rates of exchange. Includes payments made to claimant and to third-party service providers (medical, legal, investigation) that are attributed to the claim.