CTHRepealedLegislation
Financial Sector (Collection of Data) (reporting standard) determination No. 97 of 2023
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Definitions
Terms highlighted in bold italics indicate that the definition is provided in these instructions.
A
| Accrued premium | This refers to accrued premium as defined in HPS 001. |
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| Accrued premium discounts amount | The value of the effects on the HIB accrued premium (as recognised in Table 1: Insurance Revenue – HIB Accrued Premium by state) by discounts which are intended to be offered on an ongoing basis and/or to persons who have already purchased a policy. An example would be offering a discount for all policy holders paying electronically. |
| Accrued premium promotions amount | The value of the effects on the HIB accrued premium (as recognised in Table 1: Insurance Revenue – HIB Accrued Premium by state) by promotions which are offered to a person at the time the person first purchases a policy. An example would be offering a free period of cover to a new member. |
| Adjustments to retained earnings due to change in accounting policies / standards(Retained earnings item type) | This is the value of aggregate adjustments to retained earnings due to changes in accounting policies or accounting treatment. |
| Agency business(Health-related business non-insurance activities) | This is revenues of the private health insurer fund type related to agency business, as defined under Private Health Insurance (Health Benefits Fund Policy) Rules 2015. |
| Asset class type | The asset class types are:interest rate investments (direct);equities (direct);property (direct);loans (direct);indirect investments; andother investments. |
C
| Claims handling expenses amount | This has the same meaning as claims handling expenses as defined in HPS 001. |
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| Claims incurred amount | This has the same meaning as claims incurred as defined in HPS 001. |
| Class of business | Relates to insurance business only. This can be:hospital treatment; orgeneral treatment. |
| Commissions & fees(Other business expenses type) | This is the value of fees and/or commissions paid to agents, brokers or aggregators. |
| Costs of goods/services: Dental business(Other business expenses type) |