Division Table 1: Insurance tables - Financial Sector (Collection of Data) (reporting standard) determination No. 40 of 2023 - Table 1: Insurance tables

Table 1: Insurance tables

Table 1 defines insurance tables that are used to group premiums disclosed in Table 2. Report under Table 1 to define all insurance tables for each group insurance policy within the RSE.

Where different premium rates apply to different occupation categories, report a row with a different Insurance Table Identifier for each premium rate in table 1. RSE licensees should report ‘Yes’ in ‘Occupation Category Cover Included Indicator’ columns (SRF 251.3 table 1, columns 7 to 12) for one or more occupation categories that would be covered under the RSE's occupation definition.

Reporting on SRF 251.3 must include each group insurance policy that is offered on a default basis and has been reported as such in ‘Insurance Default Cover Offered Indicator’ (SRF 251.1 table 1, column 4).

Column	Field name	Unique identifier	Applicable to	Valid values	Description
1	Insurance Table Identifier	Y	All filers	No more than 20 alpha-numeric characters (with no special characters).	Report the insurance table identifier.
2	Insurance Cluster Identifier		All filers	No more than 20 alpha-numeric characters (with no special characters).	Report the insurance cluster identifier.
3	Insurance Cluster Subgroup Text		All filers	Free text	Report the insurance cluster subgroup.
4	Insurance Cover Type		All filers	Life InsuranceTotal And Permanent Disability InsuranceIncome Protection InsuranceBundled Life And Total And Permanent Disability InsuranceBundled Life And Income Protection InsuranceBundled Total And Permanent Disability And Income Protection InsuranceBundled Life Total And Permanent Disability And Income Protection InsuranceOther Insurance	Report the insurance cover type.
5	Worker Category Text		All filers	Free text	Report the worker category.
6	Worker Category Default Indicator		All filers	YesNo	Report the default worker category indicator.
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Table 1: Insurance tablesTable 1: Insurance tables

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Table 1: Insurance tables