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Financial Sector (Collection of Data) (reporting standard) determination No. 5 of 2021
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Turn the raw legal text into a practical explanation grounded in Financial Sector (Collection of Data) (reporting standard) determination No. 5 of 2021.
This Reporting Standard sets out requirements for the provision of information to APRA relating to claims made on certain public liability, product liability and professional indemnity insurance policies of a Lloyd’s underwriter, and facility business underwritten covering similar risks.
It includes Reporting Form LOLRF 800.2 Claim Data: Public and Product Liability and Professional Indemnity Insurance and the associated instructions.