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Financial Sector (Collection of Data) (reporting standard) determination No. 73 of 2023
PP
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P
| PL adjustment to OA PML | The insurer may reduce the OA PML for any losses included in the other accumulation scenario that is already specifically allowed for in the premiums liabilities of the insurer. |
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| PL offset | PL offset is the portion of the premiums liability provision which relates to catastrophic losses (those that give rise to a relatively significant number of claims and occur no more frequently than every three months), as determined by the Appointed Actuary. |