AccountingChecks141106 v6

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					Accounting & Settlement - Market Reform
Accounting Checks User Guide - Release 4 as at 15th November 2006
For use by brokers as an aid in the creation of Lloyd's and IUA accounting submissions to
XIS, incorporating original, additional and return premium, and proportional treaty
business.
1.0 Introduction
The Accounting & Settlement programme is a London Market sponsored initiative with the objective of improving
business processes and increasing efficiencies in the Market. The end vision involves the adoption of global ACORD
messaging standards that will include validation at the time of message creation, resulting in cleaner data and faster
processing cycles.the checks is a significant step as for the first time there is clarity regarding the expectations
The publication of
placed on brokers. This presents the opportunity for reduced XIS rejections and reduced operating costs within the
Market. Importantly, reducing rejections will also help improve premium flow.
This fourth release includes the addition of checks relating to IUA company accounting submission requirements. A
future release will incorporate data requirements relating to Lloyd's Overseas Regulatory requirements. Where
relevant, checks will be echoed in the business implementation guides for both the A&S Repository and the A&S
Strategy Design Documents, which are now available on the MRPO web site.
To view the Taxation checks relevant to IUA please see the link on the A&S Publications section of the MRPO web
site.
Where reference to other information sources is relevant these will be supplied. At a point in the future, consideration
will be given to the benefits of developing a web front end tool to make the checks and supporting information more
accessible.


2.0 General
The material in this document is provided for general information purposes only. Market Reform does not
warrant the accuracy and completeness of the material. Market Reform may make changes at any time
without notice, although changes will be identified.

If you integrate any of this information into your systems or processes please ensure that you amend your copy each
time an update is released. The tool will be updated on a periodic basis, to include user feedback and any changes
in requirements. The additional check areas as detailed above will be tackled over the next quarter. Please note,
should it become necessary to implement any changes urgently, a new release with be issued as and when required.
Users should watch for notifications informing of an update from the Market Reform Programme Office alert system.


3.0 Content of the Accounting Checks spreadsheet
The Changes worksheet shows whether a check has been added, changed or removed. Check references will not
For future update releases there is provision to show the previous check in a separate column so that the difference
between old and new is easier to understand. In addition, a column headed "Reason for Change" is included to
explain why the change has been made.
The General checks worksheet contains a Reference column which identifies uniquely each check. This reference
will ultimately be advised with queries and rejections so that information can be developed regarding areas for
attention.
The check content has been extracted from procedure manuals held by XIS and for that reason the information
should be seen very much as a manual with the benefit of hyperlinked indexing provided by the column filters.


A dedicated e:mail address has been set up for questions, queries, comments and/or feedback:
AccandSett@MarketReform.com




4.0 How to use this tool
At this point there are just two tabs in addition to this User Guide.
Select the Changes tab to view updates since the last release, these can be new, amended or deleted checks.

The General worksheet contains column headings and filters to assist in finding checks pertinent to the type of
submission being prepared. The topics within the filter can be selected by clicking the down arrow and then choosing

The filters on the General spreadsheet should be looked upon as an index, ie you can use Subject Area to find a
particular topic or you can specify the type of Submission to find checks relevant, for example, to an LPAN. If at any
point you make an incorrect selection when using the filter arrows, this can be remedied by using the filter arrows
again to make an alternative selection. You can filter by more than one column to narrow your selection further.
NB: if you have selected specific values in more than one column, it is necessary to change the selection back to
'(All)' on each column in the reverse order, so as to get back to the full list of checks.




Source: Market Reform Programme Office November 2006
                                                                                 Changes




            A                 B                               C                                              D                                           E
1   This worksheet summarises all the changes made to the checklist between 30/06/06 and 15/11/06
2
   Of the existing checks 291 have been amended to make them generic across Lloyd's and IUA company business, 32 have been amended
   for other reasons (see table below), 0 checks have been deleted and 32 new checks have been added.
 3 Please see new column filter to determine Lloyd's, Company or Joint checks.
 4
 5
   New, Amended Check               Description of New/Revised Check                            Previous Check Description                    Reason for Change
 6 or Deleted        Reference
   Amended              Various     291 checks changed to make text generic and                                                      Inclusion of IUA Company checks
                                    have filter added to display checks as "Joint" ie
                                    applicable to Lloyd's and IUA Company
 7                                  market.
   Amended               8.005      Where the period is extended the premium          Where the period is extended the premium       Additional qualification.
                                    should be calculated on a pro rata basis,         should be calculated on a pro rata basis,
                                    taking into account all previous accounting       taking into account all previous accounting
                                    entries. Line slips must be initialled by the     entries.
 8                                  leader.
   Amended               8.007      Where the bordereau identifies the period for Where the bordereau identifies the period for Additional qualification.
                                    each declaration the inception date must fall     each declaration the inception date must fall
                                    within the period of the cover or lineslip. Line within the period of the cover or lineslip.
 9                                  slips must be initialled by the leader.
   Amended               8.024      Where a slip does not provide for Survey Fees Where a slip does not provide for Survey           Additional qualification.
                                    the level of underwriter agreement should be      Fees the level of underwriter agreement
                                    driven by the slip conditions regarding contract should be driven by the slip conditions
                                    amendments. If there is a provision in the slip regarding contract amendments.
                                    for survey fees to be paid up to a certain
                                    percentage the RP must not exceed the
                                    percentage figure allowed.
10
   Amended               8.034      When an underwriter has shown SNKORL              When an underwriter has shown SNKORL           Reference to "next to line" deleted.
                                    (subject to no known or reported losses) this (subject to no known or reported losses) next
                                    should be deleted by the underwriter prior to     to their line this should be deleted by the
                                    submission or the following text added "please underwriter prior to submission or the
                                    sign as presented”.                               following text added "please sign as
11                                                                                    presented”.
   Amended               8.035      When an underwriter has shown a condition         When an underwriter has shown a condition Reference to "next to line" deleted.
                                    this should be deleted by the underwriter prior next to their line this should be deleted by the
                                    to submission or the following text added         underwriter prior to submission or the
                                    "please sign as presented”.                       following text added "please sign as
12                                                                                    presented”.
   Amended               8.045      The gross premium presented for signing must The gross premium presented for signing             Excess of loss qualification added.
                                    be the gross premium agreed on the slip,          must be the gross premium agreed on the
                                    either as a total amount, or as a rate            slip, either as a total amount, or as a rate
                                    calculation. On excess of loss business the       calculation.
                                    gross premium must be an amount expressed
                                    on the slip, usually stated as a Deposit or a
                                    Minimum and Deposit Premium.
13
   Amended               8.056      Settlement currency must be expressed as a        Settlement currency must be expressed as a HKD, SEK, DKK and NOK added.
                                    valid ISO currency abbreviation, ie EUR, GBP, valid ISO currency abbreviation, ie EUR,
                                    USD, CAD, CHF, ZAR, AUD, JPY, HKD, SEK, GBP, USD, CAD, CHF, ZAR, AUD and JPY.
14                                  DKK or NOK
   Amended               8.064      Separate LPANs should be submitted where          Separate LPANs should be submitted where Made Lloyd's specific on filter.
                                    premises/stock/aircraft registration/vessel       premises/stock/aircraft registration/vessel
                                    flag/products are domiciled in different          flag/products are domiciled in different
                                    countries, resulting in different legislative     countries, resulting in different legislative
15                                  coding.                                           coding.
   Amended               8.070      Reinstatement premiums must be submitted          Reinstatement premiums must be submitted Additional qualification.
                                    with evidence of the claim having been paid or with evidence of the claim having been paid
                                    in conjunction with the claim presentation for    or in conjunction with the claim presentation
                                    simultaneous settlement. The claim and            for simultaneous settlement.
                                    reinstatement must be presented on the same
                                    contract (ie same original signing numbers and
                                    dates) and there must be no outstanding
                                    claims/or reinstatements on the contract.
16
   Amended               8.084      For currencies other than Chilean Pesos, ISO For currencies other than Chilean Pesos no          Greater explanation.
                                    code CLF (aka Unidades de Formento) no            underwriter agreement is required for rate of
                                    underwriter agreement is required for rate of     exchange adjustments unless the rates of
                                    exchange adjustments unless the rates of          exchange used are outside reasonable
                                    exchange used are outside reasonable              tolerances.
17                                  tolerances.
   Amended               8.085      On Rate of Exchange adjustments where the         On Rate of Exchange adjustments where the Greater explanation.
                                    original currency is Chilean Pesos, ISO code original currency is Chilean Pesos the lead
                                    CLF (aka Unidades de Formento) the lead           underwriter must agree the new rate being
                                    underwriter must agree the new rate being         used.
18                                  used.




                                                                               Page 3 of 44
                                                                         Changes




          A            B                         C                                                   D                                             E
  New, Amended   Check       Description of New/Revised Check                            Previous Check Description                        Reason for Change
6 or Deleted     Reference
  Amended            8.126   For Binding Authorities bordereau must be           For Binding Authorities bordereau must be       Greater explanation.
                             presented supporting the closing and detailing      presented supporting the closing and
                             the relevant declarations, unless there is slip     detailing the relevant declarations, unless
                             provision to accept figures as presented. All       there is slip provision to accept figures as
                             figures, including taxes and deductions must        presented.
19                           reconcile with the closing.
     Amended         8.155   Box 18 on the LPAN must show the 100%               Box 18 on the LPAN must show the 100%           Additional qualification.
                             gross premium in original currency. In the          gross premium in original currency. In the
                             event of there being a slip order the following     event of there being a slip order the following
                             rules apply: a) If the signed lines on the slip     rules apply: a) If the signed lines on the slip
                             total 100% the figure in this box must have         total 100% the figure in this box must have
                             taken the order into account b) if the signed       taken the order into account b) if the signed
                             lines on the slip total the order percentage then   lines on the slip total the order percentage
                             the order must not be used when calculating         then the order must not be used when
                             the 100% gross premium figure. The figure           calculating the 100% gross premium figure.
                             shown should be exclusive of any premium
20                           taxes that apply.
     Amended         8.156   Box 19 on the LPAN should show the total            Box 19 on the LPAN should show the total        Updated to include format rules.
                             brokerage and commission percentage. Up to          brokerage and commission percentage.
                             10 characters, including the decimal point, and
21                           a maximum of 7 decimal places.
     Amended         8.157   Box 20 on the LPAN should show taxes or             Box 20 on the LPAN should show taxes or         Updated to include format rules.
                             charges that are to be deducted from the            charges that are to be deducted from the
                             premium paid to underwriters - can be either a      premium paid to underwriters - can be either
                             percentage or an amount. Up to 10 characters,       a percentage or an amount.
                             including the decimal point, and a maximum of
22                           7 decimal places.
     Amended         8.158   Box 21 - Should show any other deductions           Box 21 on the LPAN should show any other        Updated to include format rules and
                             used to arrive at net premium - must be             deductions used to arrive at net premium -      gross/net rules.
                             expressed as a percentage. An indication            must be expressed as a percentage
                             must be provided regarding whether these
                             deductions are to be applied on gross or on
                             net. Up to 10 characters, including the decimal
                             point, and a maximum of 7 decimal places.
23
     Amended         8.161   Box 24 - Must show the ISO code for the          Box 24 of the LPAN must show the ISO               Now includes currency detail.
                             currency in which the premium is to be settled. currency abbreviation of the settlement
                             The codes for the currencies that Xchanging is currency.
                             currently able to settle business in are as
                             follows:
                             • GBP (Pound Sterling).
                             • USD (US Dollar).
                             • CAD (Canadian Dollar).
                             • EUR (Euros).
                             • AUD (Australian Dollar).
                             • CHF (Swiss Franc).
                             • JPY (Japanese Yen).
                             • ZAR (South African Rand).
                             • DKK (Danish Krone)*
                             • HKD (Hong Kong Dollar)*
                             • NOK (Norwegian Krone)*
                             • SEK (Swedish Krona)*
                             (*Lloyd's premiums can only be settled in these
                             currencies if the contract incepts on or after 1
                             August 2006)
24
     Amended         8.162   Box 25 - Must show the signed line proportion       Box 25 of the LPAN must show the signed         Explanation for NPE's.
                             of the net premium in settlement currency to        line proportion of the net premium in
                             two decimal places. The amount shown                settlement currency to two decimal places.
                             should exclude the UK IPT amount but should         This figure must not include UK IPT but
                             include the bureau premium tax amount if            should include the bureau premium amount
                             overseas premium taxes apply. Enter 0.00            for overseas taxes as shown in box 17 of the
                             where no premium is to be settled.                  LPAN.
25
     Amended         8.163   Box 26 of the LPAN must show the Planned            Box 26 of the LPAN must show the Planned Greater explanation.
                             Settlement Date where the item is to be signed      Settlement Date where the item is to be
                             in Flexible Settlement Scheme, ie where a           signed in Flexible Settlement Scheme. The
                             cash premium is to be paid on a particular          date cannot be later than the Settlement Due
                             future date. The date cannot be later than the      Date shown on the slip.
                             Settlement Due Date shown on the slip.
26




                                                                      Page 4 of 44
                                                                         Changes




          A            B                         C                                                    D                                            E
  New, Amended   Check       Description of New/Revised Check                             Previous Check Description                       Reason for Change
6 or Deleted     Reference
  Amended            8.164   Box 27 of the LPAN should show the 100%              Box 27 of the LPAN should show the 100%         Additional qualification.
                             war gross premium in original currency, only         war gross premium in original currency, only
                             for marine business. In the event of there being     for marine business. In the event of there
                             a slip order the following rules apply:              being a slip order the following rules apply:
                             a) If the signed lines on the slip total 100%, the
                             figure shown in this box must have taken the
                             order into account.
                             b) If the signed lines on the slip total the order
                             percentage, this order must not be used when
                             calculating the 100% gross premium figure.
                             The figure shown should be exclusive of any
                             premium taxes that apply.
27
                     8.182   A policy must not be reinstated beyond the           A policy must not be reinstated beyond the     Additional qualification.
                             total reinstatement amount agreed on the slip        total reinstatement amount agreed on the slip.
                             and must be paid in accordance with slip
                             provisions i.e. currency of loss or premium
28                           paid.
     Amended         8.223   Territorial Scope, the territorial scope must bea) If the signed lines on the slip total 100%,       Deletion of "must be reasonable" and
                             as per the slip conditions.                     the figure shown in this box must have taken         replaced with "as per slip conditions"
29                                                                           the order into account.
     Amended         8.224   Limits and PML information must be stated and b) If the signed lines on the slip total the order     Deletion of "must be reasonable" and
                             in accordance with currency, location, class of percentage, this order must not be used when         replaced with "as per slip conditions"
                             business. The limits must be as per slip        calculating the 100% gross premium figure.
30                           conditions.
     Amended         8.226   Cash Loss Limits and Provisions, if provided    Cash Loss Limits and Provisions, if provided         Deletion of "must be reasonable" and
                             for the expressed value must be as per slip     for the expressed value should be reasonable         replaced with "as per slip conditions"
31                           conditions.                                     for the Treaty limits.
     Amended         8.227   Profit commission, if provided for the          Profit commission, if provided for the               Deletion of "must be reasonable" and
                             percentage must be as per slip conditions.      percentage should be reasonable.                     replaced with "as per slip conditions"
32
     Amended         8.228   Premium Reserves provision, if provided for    Premium Reserves provision, if provided for           Deletion of "must be reasonable" and
                             the percentage must be as per slip conditions. the percentage should be reasonable.                  replaced with "as per slip conditions"
33
     Amended         8.229   Portfolio Percentage, if provided for the            Portfolio Percentage, if provided for the       Deletion of "must be reasonable" and
                             percentage must be as per slip conditions.           percentage should be reasonable.                replaced with "as per slip conditions"
34
     Amended         8.231   Commission / Brokerage / Tax, the deductions Commission / Brokerage / Tax, the                       Deletion of "must be reasonable" and
                             must be stated as per slip conditions.          deductions must be stated and should be              replaced with "as per slip conditions"
35                                                                           reasonable for the interest covered.
     Amended         8.232   Conditions, any mandatory clauses for the       Conditions, any mandatory clauses for the            Deletion of "must be reasonable" and
                             class of business being covered must be         class of business being covered must be              replaced with "as per slip conditions"
                             included. All other clauses must be as per slip included. All other clauses should be
                             conditions.                                     reasonable for the class of business and
36                                                                           interest.
     Amended         8.241   Amendment, the endorsement changes must Amendment, the endorsement changes must                      Deletion of "must be reasonable" and
                             be in accordance with slip conditions.          be reasonable with regard to interest                replaced with "as per slip conditions"
37                                                                           covered.
     Amended         8.314   All transactions which are converted from       All transactions which are converted from            Greater explanation.
                             Chilean Pesos, ISO code CLF (aka Unidades Chilean Pesos (ISO code CLF) must have the
                             de Formento) must have the rate of exchange rate of exchange agreed by the leading
                             agreed by the leading Lloyd’s Underwriter or    Lloyd’s Underwriter or have a provision to
                             have a provision to accept the rate as          accept the rate as presented.
38                           presented.
     New             8.340   Box 20 on the LPAN should show taxes or                                                              Company specific check description.
                             charges that are to be deducted from the
                             premium paid to underwriters - can be either a
                             percentage or an amount. Up to 10 characters,
                             including the decimal point, and a maximum of
                             7 decimal places. If US Federal Excise tax
                             should be deducted and an amount is present,
                             this should be the correct value and applied to
                             the correct company underwriters.
39
     New             8.341   On broker transfers the outstanding premium                                                          General Addition
                             being transferred must be processed on the
                             same basis as the original i.e. if set up as
                             deferred then the transfer must be on the
                             same dates, and the premium amounts must
                             match. The AP/RP transfer entries must be
                             signed simultaneously unless there is specific
                             agreement to sign on different dates .
40
     New             8.342   All Excess of Loss premium adjustments                                                               General Addition
                             should be submitted to the bureau, even where
41                           they result in a "Nil" adjustment.




                                                                       Page 5 of 44
                                                                        Changes




          A            B                         C                                               D                                E
  New, Amended   Check       Description of New/Revised Check                        Previous Check Description           Reason for Change
6 or Deleted     Reference
  New                8.343   Companies and brokers must have valid bank                                           Company specific check description.
                             accounts for the settlement currencies used
42
     New             8.344   A release of reserve premium requires an                                             Company specific check description.
                             additional premium LPAN. The amount to be
                             released should be equal to the original
                             reserve figure. If a rate of exchange adjustment
                             has occurred or interest is involved then
                             separate LPAN should be provided.
43
     New             8.345   The slip must contain an agreement if Fire                                           Company specific check description.
                             Brigade Charges are applicable to the risk.
                             Applicable to business emanating from
44                           Australian brokers only.
     New             8.346   Cash signings must not be cancelled and                                              General Addition
                             replaced with delinked signings without
                             specific agreement from underwriters. If
                             signed as cash in error when the broker had
                             submitted it correctly underwriters should be
                             informed before processing the correction.
45
     New             8.347   If an RP is being processed as a cancellation                                        Company specific check description.
                             entry (i.e. not a contra cancellation) then all
                             premium, deferred instalments and deductions
                             must be checked to ensure that they match the
                             original being cancelled. If cancelling an AP
                             then need to ensure that the premium has
                             been settled and is a delinked item not yet
                             released.
46
     New             8.348   Element 140, Claim portfolio incoming, should                                        General Addition
                             be shown if the Loss is included within the
                             Claim portfolio in shown in cash account
47
     New             8.349   Element 141 Claim portfolio outgoing, should                                         General Addition
                             be shown if the Loss is included within the
                             Claim portfolio out shown in cash account
48
     New             8.350   Element 142 Reinsurance recoveries, should                                           General Addition
                             be shown if the Loss is included within the
                             Reinsurance for Joint account claim recoveries
49                           in cash account
     New             8.351   Element 144 Outstanding losses, should be                                            General Addition
                             shown in Loss is included within the
                             outstanding loss figure shown within
50                           outstanding claims information
     New             8.352   Element 145 Paid claims, should be shown in                                          General Addition
                             Loss is included within the paid claim figure
51                           shown within claims breakdown
     New             8.353   Element 146, Paid refunds, should be shown in                                        General Addition
                             Loss is included within the claim refund figure
                             shown within claims breakdown
52
     New             8.354   Element 147 Cash loss, should be shown in if                                         General Addition
                             cash loss is included within the claims
53                           breakdown
     New             8.355   Element 148 Cash loss contra, should be                                              General Addition
                             shown in if cash loss contra is included within
54                           the claims breakdown
     New             8.356   Claim Element 114 Net Claim, this must                                               General Addition
                             equate to the value of the all claim elements
55                           combined.
     New             8.357   Element 130 date of loss, if cash loss limits are                                    General Addition
                             exceeded for paid claims, outstanding losses
                             or other loss related elements then information
                             on large lossed should be supplied by the
                             broker (H screen inforamtion)
56
     New             8.358   Element 133 name of loss, refer to element                                           General Addition
57                           130 for large losses (H screen elements)
     New             8.359   Element 134 nature of claim, refer to element                                        General Addition
                             130 for large losses (H screen elements)
58
     New             8.360   element 135 loss details gives more detailed                                         General Addition
                             description of the loss - refer to element 130
                             for large losses (H screen elements)
59




                                                                      Page 6 of 44
                                                                            Changes




          A               B                           C                                              D                                E
  New, Amended      Check         Description of New/Revised Check                       Previous Check Description           Reason for Change
6 or Deleted        Reference
  New                   8.361     Element 136 Claim reserve retained, should be                                       General Addition
                                  shown if the Loss is included within the Claims
60                                reserve retained in cash account.
     New                8.362     Element 137 Claim reserve released, should                                          General Addition
                                  be shown if the Loss is included within the
                                  Claims reserve released in cash account.
61
     New                8.363     Element 138 OCA retained, should be shown if                                        General Addition
                                  the Loss is included within the OCA reserve
62                                retained in cash account
     New                8.364     Element 139 OCA released, should be shown                                           General Addition
                                  if the Loss is included within the OCA reserve
63                                released in cash account
     New                8.365     Check underwriters stamp/line conditions for                                        Company specific check description.
                                  any special procedures relevant to tax. If
                                  underwriters have marked that 'X tax does not
                                  apply' or similar conditions, check that the
                                  broker has not included a tax deduction or
64                                loading for that company.
     New                8.366     Check slip heading 'taxes payable by insured                                        Company specific check description.
                                  and administered by underwriters', if a tax
                                  percentage is shown, check that this is a tax
                                  from the same country as that captured as
                                  country of risk for the premium. This tax
                                  should be reflected in box 17 on the LPAN, if
                                  not broker should confirm that the tax has been
65                                dealt with at source.
     New                8.367     Check slip heading 'taxes payable by                                                Company specific check description.
                                  underwriters'. If a tax percentage is shown,
                                  check that this is a tax from the same country
                                  as that captured as country of risk for the
                                  premium. This tax should be reflected in box
                                  20 on the LPAN, otherwise it is to be advised
66                                as "recorded".
     New                8.368     Check slip for reference to US Federal Excise                                       Company specific check description.
                                  Tax. If deducted this tax must be shown on the
                                  slip. It can only be applied to US dollar
                                  premiums on a risk with a US insured. Not all
                                  underwriters are liable to pay the tax.
67
     New                8.369     Where FET is deducted this should appear in                                         Company specific check description.
                                  box 20 of the LPAN as a premium deduction.
68
     New                8.370     If the tax has been shown on the LPAN this                                          Company specific check description.
                                  should only relate to those underwriters who
69                                are liable.
     New                8.371     Where a pool is present the FET deduction                                           Company specific check description.
                                  should only apply to the liable members of the
                                  pool. Where there is uncertainty over a
                                  company's FET liability agreement to any
                                  deduction must be obtained from the company.

70
71
72 Source: Market Reform Programme Office November 2006




                                                                          Page 7 of 44
                                                                                                         2f1a43cc-ab42-4354-9764-99c23edb40f9.xls
         A                                                                B                                                           C           D           E                    F           G                H                  I
      Check      Check Description                                                                                                Applicabl Subject Area Submission               R/I   Transaction Type      Market      Class of Business
1    Reference                                                                                                                      e To                    Type
           8.001 For premiums in respect of an off slip the year of account to be applied must be clearly indicated. Either the    Lloyd's     Year of     Off Slip                         Premium
                 signing number and date of the year of account facility must be quoted or the following statement completed and              Account
2                advised "Closing off of a slip incepting dd/mm/yy".
           8.002 Where underwriter lines are affected by an underwriter change any amended lines must be agreed by the relevant     Joint                                                Market Change
                 underwriters on an LPO301. If a policy has been signed an endorsement to the policy must be submitted.
3
           8.003 Where UK terrorism is being covered all underwriters who are members of Pool Re should have premium                                                                        Premium                           Terrorism
4                presented under BD risk code.                                                                                          Lloyd's
           8.004 Where typed signed lines are presented these must either state "agreement obtained in respect of uninitialled           Joint     Copy Slips                                                Non Marine
5                lines" or a copy of the original slip must be supplied.
           8.005 Where the period is extended the premium should be calculated on a pro rata basis, taking into account all              Joint       Period         Endorsement         Additional Premium
6                previous accounting entries. Line slips must be initialled by the leader.                                                           Change
           8.007 Where the bordereau identifies the period for each declaration the inception date must fall within the period of the    Joint      Bordereau
7                cover or lineslip. Line slips must be initialled by the leader.
           8.008 Where a risk is Not Taken Up and a signing has occurred then all underwriters must agree to the cancelling              Joint    Not Taken Up Cancellation              Return Premium
8                transactions.
           8.009 Where Pool Re terrorism business is being covered it must be clear that all Pool Re underwriters on risk have           Joint       Pool Re                                                                  Terrorism
                 been advised the relevant zonal Pool Re information to enable them to make their quarterly returns to Pool Re.
                 This may be supplied in the form of an agreed LPO528G for open market business or an LPO529G for binding
9                authority declarations.
           8.010 Where computer or typed lines are provided a letter of indemnity for the broker to supply such must be lodged.          Joint     Copy Slips
10
           8.011 Where any slip condition relating to accounting presentations specifies any underwriter agreement being required        Joint    Slip conditions
11               this must be complied with prior to submission.
           8.012 Where any new underwriter(s) come on risk at the time of an endorsement a premium LPAN (technical account)              Joint                      Endorsement           Market change
                 requires to be submitted to establish the slip section market for any endorsement to attach to. The endorsement
                 presentation needs to be submitted as a split signing across the new and old slip sections.
12
           8.013 Where an underwriting stamp contains more than one syndicate number the premium due must be apportioned in             Lloyd's   Multiple lines
13               accordance with the underwriter agreed signed lines for each syndicate.
           8.014 Where a combined or consortium underwriting stamp contains more than one company/syndicate number the                   Joint    Multiple lines
                 premium due must be apportioned in accordance with the underwriter agreed signed lines for each
14               company/syndicate.
           8.015 Where an entry was signed as cash but should have been signed as flexible settlement or paid by cheque, the             Joint      Flexible         Correction
                 leading underwriter's agreement must be obtained if the LPAN was incorrectly submitted, ie a non XIS error. NB                    Settlement
15               the Planned Settlement Date cannot be updated to a date later than the Settlement Due Date.
           8.016 Where an entry was signed as cash but should have been signed as flexible settlement or paid by cheque, the            Lloyd's      Paid By         Correction
                 leading underwriter's agreement must be obtained if the LPAN was incorrectly submitted, ie a non XIS error. NB                      Cheque
16               the Planned Settlement Date cannot be updated to a date later than the Settlement Due Date.
           8.018 Where an account has transferred from one broker to another evidence must be provided that underwriters are             Joint                        Broker
17               aware of the transfer.                                                                                                                               change
           8.019 Where an account has transferred from one broker to another evidence of the transfer must be available from             Joint                        Broker
18               both brokers.                                                                                                                                        change
           8.020 Any taxes to be paid by the insured and administered by underwriters or taxes payable by underwriters must be           Joint         Tax
19               provided for on the slip or agreed by underwriters.
           8.021 Where an underwriter change is being effected on a binding authority, marine open cover or similar contract,            Joint                       Binding              Market change        Marine
                 ensure that the underwriter has specified if the change is on a ‘declarations attaching from’ or ‘losses                                            Authority
20               occurring/claims made’ basis.
           8.022 Where an undewriter change is being effected on a binding authority, marine open cover or similar contract,             Joint                         Cover              Market change        Marine
                 ensure that the underwriter has specified if the change is on a ‘declarations attaching from’ or ‘losses
21               occurring/claims made’ basis.
           8.023 Where an underwriter change is being effected by additional premium and return premium LPANs should reflect             Joint                                            Market change
                 the movement of previously settled monies between relevant underwriters as applying at the trigger event.
22
           8.024 Where a slip does not provide for Survey Fees the level of underwriter agreement should be driven by the slip           Joint        Fees
                 conditions regarding contract amendments. If there is a provision in the slip for survey fees to be paid up to a
23               certain percentage the RP must not exceed the percentage figure allowed.
                                                                                                                             General                                                                                                          Page 8
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         A                                                              B                                                           C          D            E                    F           G               H               I
      Check      Check Description                                                                                              Applicabl Subject Area Submission               R/I   Transaction Type     Market   Class of Business
1    Reference                                                                                                                    e To                    Type
           8.025 Where a settlement due date has been set post the original slip agreement this must be agreed by underwriters.   Joint                 Correction
24
           8.027 Where a risk is cancelled, in addition to closing the relevant return premium and presenting the relevant            Joint                      Cancellation          Return Premium
                 addenda/endorsement, where a policy has been signed the original policy should be presented unless slip or
25               endorsement provision is "to take down without policy document" or "to take down on the slip".
           8.028 Where a risk is being written by a Lloyd's syndicate and a company and processing is to be via Lloyd's processing   Lloyd's     Company
                 systems on a joint stamp basis the premium must be signed on a separate LPAN for the company proportion. The
                 premiums must be presented together for simultaneous processing. The company share must be shown under
                 Other Companies on the slip and separate LPO208's or LPO301's must be submitted for the Lloyd's and company
                 share. (nb the company share is processed under a syndicate number of 8000).
26
           8.029 Where a premium transfer is not provided for on the slip agreement of Lloyd's Franchise Performance                 Lloyd's   Slip conditions                        Premium Transfer
27               Department is required.
           8.032 Where a new syndicate is added to a contract mid-term, the premium paid to that syndicate must attach to the        Lloyd's    Accounting       Endorsement           Market Change
                 year of the date the syndicate attaches to the risk. Subsequent signings will therefore require split signing.                   Splits
28
           8.033 When requesting a correction all original documents must be submitted to ensure all relevant transactions are        Joint                       Correction
29               amended.
           8.034 When an underwriter has shown SNKORL (subject to no known or reported losses) this should be deleted by the          Joint    Slip conditions                            Premium
                 underwriter prior to submission or the following text added "please sign as presented”. Underwriters can also
                 request that the premium entry is processed and ensure that the condition is recorded in the policy/wording.
30
           8.035 When an underwriter has shown a condition this should be deleted by the underwriter prior to submission or the       Joint    Slip conditions                            Premium
31               following text added "please sign as presented”.
           8.036 When a premium has been paid in USD it is possible to collect a fee in GBP. In all other instances the fee must     Lloyd's    Trust Funds                                 Fees
32               be paid from the same Trust Fund to which the premium was paid.
           8.037 When a premium has been paid in USD any return premiums must be paid from the same Trust Fund to which              Lloyd's                                           Return premium
33               the premium was paid.
           8.040 Where premium is being paid on a deferred basis this must be provided for on the slip or be agreed by                Joint        Slip                                   Deferred
34               underwriters as per slip provisions.                                                                                           Conditions
           8.041 Ungrouping of grouped de-linked items can only be achieved if there is slip provision or underwriter agreement.      Joint        Slip                                   De-linking
35                                                                                                                                              Conditions
           8.042 The use of net equivalent downwards must be agreed by all underwriters. The net premium must be the same as         Lloyd's    Deductions
                 it would have been if it had been calculated using the gross premium and deductions originally shown.
36
           8.043 The premium allocation across risk codes on split signings must be evidenced.                                       Lloyd's    Accounting
37                                                                                                                                                Splits
38         8.044 The period on Temporary Life business must not exceed 10 years                                                      Lloyd's                                                                         Temporary Life
           8.045 The gross premium presented for signing must be the gross premium agreed on the slip, either as a total amount,      Joint    Slip conditions                            Premium
                 or as a rate calculation. On excess of loss business the gross premium must be an amount expressed on the slip,
39               usually stated as a Deposit or a Minimum and Deposit Premium.
           8.046 The effective date for a change to the cover must be advised.                                                        Joint                      Endorsement          Additional Premium
40
41         8.047 The effective date for a change to the cover must be advised.                                                        Joint                      Endorsement           Return Premium
           8.048 Terms of any Management/Administration Fees must be a slip condition or agreed by underwriters.                      Joint    Slip conditions                              Fees
42
           8.049 Terms of any Long Term Agreement discount should be a slip condition or agreed by underwriters. Discount must        Joint     Deductions
43               be calculated as specified on the slip or as agreed.
           8.050 Temporary Life business must be submitted by the leading underwriter unless the slip provides otherwise. A          Lloyd's                                                                         Temporary Life
44               logging form should be supplied.
           8.051 Stipulated Premium Payment Warranties must be complied with. Any breach must be referred to underwriters in         Lloyd's    Payment
45               accordance with slip provisions.                                                                                               Warranties
           8.052 Slip should indicate if Claims Payable Abroad applicable or not, only possible for Cargo business.                   Joint      Claims                                                    Marine        Cargo
                                                                                                                                                 Payable
46                                                                                                                                               Abroad



                                                                                                                          General                                                                                                       Page 9
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         A                                                                     B                                                           C           D           E         F           G              H                  I
      Check      Check Description                                                                                                     Applicabl Subject Area Submission    R/I   Transaction Type    Market      Class of Business
1    Reference                                                                                                                           e To                    Type
           8.053 Settlement due date must be provided by lead underwriter although not mandatory for the following: temporary            Joint    Settlement
                 life, rate of exchange adjustments, small AP/RP Pool Scheme, interest on reserves, portfolio transfers, premium                   Due Date
                 transfers (where full premium is paid at inception), reinstatement premiums, return premiums, reinsurance of
                 Lloyd's underwriters (except X/L of whole account, reinsurance of members of AIOA (except X/L of whole
47               account) and proportional treaty.
           8.054 Settlement due date must be provided by lead underwriter although not mandatory for Temporary Life.                     Joint    Settlement                                                       Temporary Life
48                                                                                                                                                 Due Date
           8.055 Settlement due date must be provided by lead underwriter although not mandatory for Temporary Life or                  Lloyd's   Settlement                                                         RI of Lloyd's
49               Reinsurances of Lloyd's Underwriters (except X/L of whole account).                                                               Due Date
           8.056 Settlement currency must be expressed as a valid ISO currency abbreviation, ie EUR, GBP, USD, CAD, CHF,                 Joint     Currency
50               ZAR, AUD, JPY, HKD, SEK, DKK or NOK
           8.057 Separate LPANs should be submitted where multiple risk codes apply and the premium relates to more than one            Lloyd's   Accounting
51               code.                                                                                                                              Splits
           8.058 Separate LPANs should be submitted where different DTI codes apply (eg Reinsurance of Lloyd’s and                      Lloyd's   Accounting
52               Companies) and premium relates to more than one code.                                                                              Splits
           8.059 Separate LPANs should be submitted where there are multiple insureds from different countries which attract             Joint    Accounting
53               different legislative or tax requirements.                                                                                         Splits
           8.060 Separate LPANs should be submitted where there are multiple settlement types (e.g. cash, deferred, reserve etc).        Joint    Accounting
54                                                                                                                                                  Splits
           8.061 Separate LPANs should be submitted where underwriters identify different references for different elements of the       Joint    Accounting
55               risk even when there is no other reason for a sectional split.                                                                     Splits
           8.062 Separate LPANs should be submitted where different underwriters have written different elements of the                  Joint    Accounting
56               coverage.                                                                                                                          Splits
           8.063 Separate LPANs should be submitted where different underwriters have allowed different discounts.                       Joint    Accounting
57                                                                                                                                                  Splits
           8.064 Separate LPANs should be submitted where premises/stock/aircraft registration/vessel flag/products are                 Lloyd's   Accounting
58               domiciled in different countries, resulting in different legislative coding.                                                       Splits
           8.065 Separate de-linked LPANs should be submitted where there is a need to release partial payments (eg multiple             Joint    Accounting
                 insureds where the broker may receive the money at different times from each insured, nb in such cases the slip                    Splits
59               must make provision for partial payments),
           8.066 Separate LPANs should be submitted where declarations through various Canadian brokers require to be split             Lloyd's   Accounting
60               across each broker.                                                                                                                Splits
61         8.067 Risk code must be present and valid for year of account and class of business.                                         Lloyd's   Risk Code
           8.068 Return premium should be calculated as per slip terms, on a pro rata or short rate basis table. If not expressed        Joint                                    Return Premium
62               within slip pro rata basis should be used.
           8.069 Reserve premium must be provided for on the slip where this is being withheld. The % of reserve premium being           Joint                                    Reserve Premium
                 withheld must equate to the rate shown on the slip unless there is a legal requirement for the country of origin (see
                 relevant Country Manual on Lloyds.com). Agreement of all underwriters is required if the reserve premium
63               retained exceeds the slip % or legal requirement.
           8.070 Reinstatement premiums must be submitted with evidence of the claim having been paid or in conjunction with the         Joint                              Y      Reinstatement
                 claim presentation for simultaneous settlement. The claim and reinstatement must be presented on the same                                                           Premium
                 contract (ie same original signing numbers and dates) and there must be no outstanding claims/or reinstatements
64               on the contract.
           8.071 The rate of exchange used to convert between the original and settlement currencies must reflect the rate used to       Joint     Currency
65               either sell the currency or be a current rate.
           8.072 Premiums for contracts added during the slip period should be calculated as per the slip conditions, typically on a     Joint                Endorsement
                 pro rata or agreed amount basis. Where the slip is not explicit a pro rata a basis should be used.
66
           8.073 The currency of the reinstatement premium should be either as requested by the lead underwriter or the same          Joint                                 Y      Reinstatement     Non Marine
                 currency as the claim for non-marine or aviation business. Any deviation to be agreed by the lead underwriter.                                                      Premium
67
           8.074 The currency of the reinstatement premium should be either as requested by the lead underwriter or the same          Joint                                 Y      Reinstatement      Aviation
                 currency as the claim for non-marine or aviation business. Any deviation to be agreed by the lead underwriter.                                                      Premium
68
           8.075 The currency of the reinstatement premium should be either as requested by the lead underwriter or the currency      Joint                                 Y      Reinstatement       Marine
69               of the original premium. Any deviation to be agreed by the lead underwriter.                                                                                        Premium
           8.076 Photocopy slips must be warranted as a true copy of the original or a letter of indemnity from the broker must       Joint   Copy Slips
70               have been submitted.
                                                                                                                            General                                                                                                  Page 10
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         A                                                               B                                                               C           D          E               F           G             H                 I
      Check      Check Description                                                                                                   Applicabl Subject Area Submission         R/I   Transaction Type   Market     Class of Business
1    Reference                                                                                                                         e To                    Type
           8.077 Where partial payment of premium occurs, with remainder paid by AP, this must be provided for on the slip.            Joint      Partial
71                                                                                                                                              Payments
72         8.078 Overseas legislative terrorism risk codes 1-8T and 1-4E must not be used on reinsurance business                     Lloyd's   Risk Code                                                              Terrorism
           8.080 The original signing reference quoted on an accounting entry must relate to the appropriate risk or section that it   Joint     Original
                 attaches to.                                                                                                                     Signing
73                                                                                                                                              Reference
           8.081 Where the basis of the premium calculation is unclear from the slip, evidence of the basis used by the                Joint                                   Y         Premium
74               assured/reassured must be provided.
           8.082 On reinsurance business deferred instalments must be provided for on the slip or evidence provided that the           Joint                                   Y         Deferred
                 original business was paid by deferred premium. Deferred premiums can be paid by AP ie not through deferred
75               scheme only if agreed as such on the slip.
           8.083 Rate of exchange adjustments must be calculated on the net premium figure closed on the entry being adjusted.         Joint     Currency                            Rate of Exchange
76                                                                                                                                                                                      Adjustment
           8.084 For currencies other than Chilean Pesos, ISO code CLF (aka Unidades de Formento) no underwriter agreement               Joint      Currency                         Rate of Exchange
                 is required for rate of exchange adjustments unless the rates of exchange used are outside reasonable                                                                  Adjustment
77               tolerances.
           8.085 On Rate of Exchange adjustments where the original currency is Chilean Pesos, ISO code CLF (aka Unidades de             Joint      Currency                         Rate of Exchange
78               Formento) the lead underwriter must agree the new rate being used.                                                                                                     Adjustment
           8.086 Where a slip provides for premium transfer and an underwriter is able to write in the following year and elects to      Joint                                       Premium Transfer
                 not move to the later year of account this must be agreed by Lloyd's Franchise Performance Department.
79
           8.087 On premium transfers an LPO301 should be completed and provided with the submission, showing the latest                 Joint                                       Premium Transfer
80               lines, syndicates and references.
           8.088 Tax amounts should only be included where these are deducted from underwriters. Taxes payable by the insured            Joint     Deductions                        Premium Transfer
81               must not be included.
           8.089 Tax amounts should only be included where these are deducted from underwriters. Taxes payable by the insured            Joint         Tax                           Premium Transfer
82               must not be included.
           8.090 On excess of loss business the gross premium must be an amount expressed on the slip, usually stated as a               Joint                                 Y         Premium
83               Deposit or a Mimimum and Deposit Premium.
           8.091 On business where a US TRIA premium has been allocated the leading underwriter must allocate a TRIA risk                Joint     Risk Code                             Premium                       Terrorism
                 code for Lloyd's signings and a separate LPAN submitted to enable the premium to be signed separately .
84
           8.092 On Aviation business the settlement due date must be initialled by the leading underwriter.                             Joint     Settlement                                           Aviation
85                                                                                                                                                 Due Date
86         8.093 On Aviation business the risk code must be initialled by the leading underwriter.                                      Lloyd's    Risk Code                                            Aviation
           8.094 The number of days for Deferred Credit must be provided by the lead underwriter. Not mandatory for Excess of            Joint                                           Deferred
87               Loss business or Marine Direct or Facultative Reinsurance business.
           8.095 The number of days after the expiry of the risk when the final adjustment must take place must be advised by lead       Joint     Adjustable                        Final Adjustment
88               underwriter.
           8.096 No subjectivities are to be outstanding at time of accounting presentation.                                             Joint    Subjectivities/
89                                                                                                                                                 Notations
           8.097 Name and address of any overseas broker should be advised. If no other intermediary involved then slip should           Joint     Overseas
90               state 'Direct Assured'                                                                                                              Broker
           8.098 Marine covers and year of account lineslips must have accounts submitted for periods as expressed on slip, eg           Joint                      Cover                               Marine
                 monthly. Submissions must be supported by client bordereau or lead underwriter agreement or presented in
91               accordance with slip terms.
           8.099 Marine covers and year of account lineslips must have accounts submitted for periods as expressed on slip, eg           Joint                      Lineslip                            Marine
                 monthly. Submissions must be supported by client bordereau or lead underwriter agreement or presented in
92               accordance with slip terms.
           8.100 Lead underwriter must have indicated or confirmed if risk to be included in Adjustable Scheme. Risk must be 12          Joint     Adjustable                            Premium
93               months or less to be included.
           8.101 Interest on reserve calculations must be closed as a separate premium entry (technical and financial account) and       Joint                                       Reserve Premium
94               provided for on the slip. Otherwise lead underwriter agreement must be obtained.
           8.102 The rate of exchange should refelect the rate used to sell the currency or anticipated to apply when the currency is    Joint        Rate of
95               bought.                                                                                                                            Exchange
           8.103 Inception date or probable risk commencement date must be shown. For continuous risks the signing slip must             Joint    Inception Date
                 show start and end period. Where a risk incepts 31st December e.g. 31st December 2005 it will attach to that
96               year of account (2005), and cannot be allocated to the following year.
                                                                                                                            General                                                                                                Page 11
                                                                                                             2f1a43cc-ab42-4354-9764-99c23edb40f9.xls
          A                                                                  B                                                            C           D          E         F           G               H                  I
       Check      Check Description                                                                                                   Applicabl Subject Area Submission   R/I   Transaction Type     Market      Class of Business
1     Reference                                                                                                                         e To                    Type
            8.104 In some countries agents must be approved by the relevant Lloyd's Franchisor department. See the relevant            Lloyd's   Overseas
97                Country Manual on lloyds.com                                                                                                     Broker
            8.105 If the transaction is to be processed as de-linked (ie as a technical account) or has previously been paid by         Joint                                      De-linking
                  cheque and is therefore for statistical purposes only, this must be clearly indicated, ie "De-linked" or "Paid By
98                Cheque" must be written on the LPAN.
            8.106 If the transaction is to be processed as de-linked (ie as a technical account) or has previously been paid by        Lloyd's    Paid By
                  cheque and is therefore for statistical purposes only, this must be clearly indicated, ie "De-linked" or "Paid By               Cheque
99                Cheque" must be written on the LPAN.
            8.107 For marine business either the profit commission calculation should be supplied with evidence of claims paid and      Joint                                   Profit Commission     Marine
                  underwriter's agreement to any outstanding losses, or underwriter's agreement to the figures obtained (XIS will
100               still check calculation).
            8.108 Profit commissions on Non-Marine and Aviation business must be agreed by leading underwriter. The profit              Joint                                   Profit Commission   Non Marine
101               commission should be calculated as provided for in the slip.
            8.109 Profit commissions on Non-Marine and Aviation business must be agreed by leading underwriter. The profit              Joint                                   Profit Commission    Aviation
102               commission should be calculated as provided for in the slip.
            8.110 If the slip does not provide for profit commission all underwriters must agree where a collection has been            Joint                                   Profit Commission
103               requested.
            8.111 Where the slip provides for profit commission subject to renewal then evidence of renewal should be supplied.         Joint                                   Profit Commission
104               Any underwriters who have not renewed must agree the profit commission.
            8.112 The profit commission should be calculated as provided for on the slip. If there is a deficit clause a copy of the    Joint                                   Profit Commission
105               previous year's profit commission statement must be supplied.
            8.113 If the Reassured is not from the United States but the premium is payable in USD the business must be shown           Joint                             Y
106               with a US classification of Non Regulated
107         8.116 If original currency is converted to a currency other than GBP this must be agreed on the slip.                       Joint     Currency                Y
            8.118 If Non Marine or Aviation business and submitted as an FDO with a policy for processing in the Early Signing          Joint   Early Signing                                        Aviation
108               Scheme, the Settlement Due date must not be in the past.                                                                        Scheme
            8.119 If Non Marine or Aviation business and submitted as an FDO with a policy for processing in the Early Signing          Joint   Early Signing                                       Non Marine
109               Scheme, the Settlement Due date must not be in the past.                                                                        Scheme
            8.120 Marine business cannot be processed in the Early Signing Scheme.                                                      Joint   Early Signing                                         Marine
110                                                                                                                                               Scheme
            8.122 War on Land must not be covered for a period in excess of 12 months unless, for Lloyd's syndicates, each              Joint                                                                    War/Foreign Assets
111               underwriter has obtained dispensation from Lloyd's Franchise Performance Department.
112         8.123 War On Land coverage must be signed under risk code WL.                                                              Lloyd's                                                                   War/Foreign Assets
            8.124 For long term risks underwriters must agree in advance if they require premium transfer or annual resigning or if     Joint                                   Premium Transfer
                  all money is to remain in the original year of account. Any subsequent changes to this decision will require the
                  underwriter obtaining dispensation from Lloyd's Franchise Performance Department. Any underwriter who is no
                  longer active will have monies for subsequent premium transfer or annual resigning paid to their last active year.
113
            8.125 For long term risks underwriters must agree in advance if they require premium transfer or annual resigning or if    Joint                                    Annual Re-signing
                  all money is to remain in the original year of account. Any subsequent changes to this decision will require the
                  underwriter obtaining dispensation from Lloyd's Franchise Performance Department. Any underwriter who is no
                  longer active will have monies for subsequent premium transfer or annual resigning paid to their last active year.
114
            8.126 For Binding Authorities bordereau must be presented supporting the closing and detailing the relevant                Joint                Binding
                  declarations, unless there is slip provision to accept figures as presented. All figures, including taxes and                             Authority
115               deductions must reconcile with the closing.
            8.127 Final adjustments must be supported by figures presented by the insured/reinsured or have lead underwriter           Joint                                    Final Adjustment
                  agreement. The deposit or minimum and deposit premium must agree with that already processed (including any
                  previous adjustment). . With regard to aviation risks which have vertical placements with different terms on the
                  same risk, only the slip leaders need agree the final adjustment in accordance with the subscription agreement .
116
            8.128 Final adjustments must be supported by figures presented by the insured/reinsured or have lead underwriter           Joint                                    Final Adjustment      Marine
                  agreement. Marine business must also have slip provision to support acceptance of the insured/reinsured's
117               figures.
            8.129 For Binding Authority declarations either the leading underwriter must agree the declaration or the broker must      Joint                Binding
118               submit a bordereau, unless there is slip provision to accept figures as presented by the broker.                                          Authority
            8.130 For Binding Authority closings all bordereaux figures, including taxes and deductions should reconcile with the      Joint                Binding
119               closing.                                                                                                                                  Authority
                                                                                                                             General                                                                                              Page 12
                                                                                                                2f1a43cc-ab42-4354-9764-99c23edb40f9.xls
          A                                                                   B                                                              C           D           E        F           G               H               I
       Check      Check Description                                                                                                      Applicabl Subject Area Submission   R/I   Transaction Type     Market   Class of Business
1     Reference                                                                                                                            e To                    Type
            8.132 The DTI code advised should equate to that shown on the slip but must be applicable to the country of origin or         Lloyd's    DTI Code
120               location of main assured/reassured.
            8.133 Documents referred to by the slip, eg attachments, must be supplied where they may be relevant to the                    Joint    Supporting
121               accounting check.                                                                                                                 Documents
            8.134 Where a slip is a declaration off a year of account facility it may be that the facility provides for additional         Joint    Deductions
122               deductions. Deductions should therefore follow these provisions.
123         8.135 Deductions must be taken from the gross premium in accordance with the slip conditions.                                  Joint    Deductions
            8.136 Declarations must not exceed the territorial limits of the slip.                                                         Joint                  Binding
124                                                                                                                                                              Authority
125         8.137 Declarations must not exceed the territorial limits of the slip.                                                         Joint                  Cover
126         8.138 Country of origin is the domicile of the insured/reinsured or the main insured/reinsured.                                Joint     Domicile
127         8.139 Corresponding credit and debit entries for premium transfers should equate in terms of value.                            Joint                                   Premium Transfer
128         8.140 Corresponding credit and debit entries for portfolio transfers should equate in terms of value.                          Joint                                   Portfolio Transfer
129         8.141 Closing and settlement currency should be expressed in ISO currency format.                                              Joint     Currency
            8.142 The type of transaction must be shown in Box 1 of the LPAN, ie PM (Premium), AP ( Additional Premium), RP                Joint                   LPAN
130               (Return Premium) or FDO ( For Declaration Only).
131         8.143 Box 2 on the LPAN must show LPSO if Lloyd's work, ILU or LIRMA if Company work.                                          Joint                   LPAN
132         8.144 Box 5 on the LPAN must show the name of the broker contact and their telephone number.                                   Joint                   LPAN
133         8.145 Box 7 on the LPAN must show the Market of the risk, ie M, NM or AV.                                                      Joint                   LPAN
            8.146 Box 8 on the LPAN must show the original bureau signing reference where the closing is a subsequent AP or RP.            Joint                   LPAN
134               This must relate to the appropriate section to which the AP or RP attaches.
            8.147 Box 9 on the LPAN should have the relevant boxes ticked to indicate the type of submission, ie Stage 1                   Joint                   LPAN
135               (accounting entry only) or S&A (policy signing and accounting).
136         8.148 Box 10 of the LPAN should contain the broker prime reference, a maximum of 12 alpha numerics.                            Joint                   LPAN
137         8.149 Box 11 of the LPAN can contain a further broker reference, a maximum of 12 alpha numerics.                               Joint                   LPAN
138         8.150 Box 13 of the LPAN must show the market share applicable to the transaction.                                             Joint                   LPAN
139         8.151 Box 15 of the LPAN must show DEF or RES depending on type of premium being presented.                                    Joint                   LPAN                Deferred
            8.152 Box 15 of the LPAN must show DEF or RES depending on type of premium being presented. For company                        Joint                   LPAN            Reserve Premium
                  signings RES should be shown in this box if the premium is to be paid in a combination of both deferred and
140               reserve instalments.
            8.153 Box 16 of the LPAN must show the number of instalments for deferred items, including reserve instalments for             Joint                   LPAN                Deferred
141               companies.
            8.154 Box 17 on the LPAN must show the amount of UK or overseas premium tax that is due to be paid to underwriters             Joint        Tax        LPAN
                  i.e. any taxes or charges that are payable by the insured in addition to the premium and which are to be collected
                  and/or administered by underwriters. The figure should be the bureau amount in settlement currency.
142
            8.155 Box 18 on the LPAN must show the 100% gross premium in original currency. In the event of there being a slip             Joint      Order      LPAN
                  order the following rules apply: a) If the signed lines on the slip total 100% the figure in this box must have taken
                  the order into account b) if the signed lines on the slip total the order percentage then the order must not be used
                  when calculating the 100% gross premium figure. The figure shown should be exclusive of any premium taxes
143               that apply.
            8.156 Box 19 on the LPAN should show the total brokerage and commission percentage. Up to 10 characters, including             Joint    Deductions   LPAN
144               the decimal point, and a maximum of 7 decimal places.
            8.157 Box 20 on the LPAN should show taxes or charges that are to be deducted from the premium paid to underwriters           Lloyd's      Tax       LPAN
                  - can be either a percentage or an amount. Up to 10 characters, including the decimal point, and a maximum of 7
145               decimal places.
            8.158 Box 21 - Should show any other deductions used to arrive at net premium - must be expressed as a percentage.             Joint    Deductions   LPAN
                  An indication must be provided regarding whether these deductions are to be applied on gross or on net. Up to 10
146               characters, including the decimal point, and a maximum of 7 decimal places.
            8.159 Box 22 of the LPAN must show the ISO currency abbreviation for the original currency of the premium (i.e. the            Joint    Currency     LPAN
147               currency in which the client is paying the premium)
            8.160 Box 23 of the LPAN must show the rate of exchange used to convert the original currency to the settlement                Joint     Rate of     LPAN
148               currency, if applicable.                                                                                                          Exchange




                                                                                                                              General                                                                                            Page 13
                                                                                                           2f1a43cc-ab42-4354-9764-99c23edb40f9.xls
          A                                                                B                                                            C           D          E                 F           G             H               I
       Check      Check Description                                                                                                 Applicabl Subject Area Submission           R/I   Transaction Type   Market   Class of Business
1     Reference                                                                                                                       e To                    Type
            8.161 Box 24 - Must show the ISO code for the currency in which the premium is to be settled.                             Joint     Currency     LPAN
                  The codes for the currencies that Xchanging is currently able to settle business in are as follows:
                  • GBP (Pound Sterling).
                  • USD (US Dollar).
                  • CAD (Canadian Dollar).
                  • EUR (Euros).
                  • AUD (Australian Dollar).
                  • CHF (Swiss Franc).
                  • JPY (Japanese Yen).
                  • ZAR (South African Rand).
                  • DKK (Danish Krone)*
                  • HKD (Hong Kong Dollar)*
                  • NOK (Norwegian Krone)*
                  • SEK (Swedish Krona)*
                  (*Lloyd's premiums can only be settled in these currencies if the contract incepts on or after 1 August 2006)
149
            8.162 Box 25 - Must show the signed line proportion of the net premium in settlement currency to two decimal places.         Joint                       LPAN
                  The amount shown should exclude the UK IPT amount but should include the bureau premium tax amount if
150               overseas premium taxes apply. Enter 0.00 where no premium is to be settled.
            8.163 Box 26 of the LPAN must show the Planned Settlement Date where the item is to be signed in Flexible Settlement         Joint     Flexible          LPAN
                  Scheme, ie where a cash premium is to be paid on a particular future date. Brokers wishing to pay cash                          Settlement
                  premiums on this basis should enter the letters ‘PSD’ adjacent to the planned settlement date in this box. The
151               date cannot be later than the Settlement Due Date shown on the slip.
            8.164 Box 27 of the LPAN should show the 100% war gross premium in original currency, only for marine business. In           Joint                       LPAN                                Marine
                  the event of there being a slip order the following rules apply:
                  a) If the signed lines on the slip total 100%, the figure shown in this box must have taken the order into account.
                  b) If the signed lines on the slip total the order percentage, this order must not be used when calculating the 100%
                  gross premium figure. The figure shown should be exclusive of any premium taxes that apply.
152
            8.165 Box 28 of the LPAN should show signed line proportion of the net war premium in original currency, only for            Joint                       LPAN
153               marine business.
154         8.166 Box 29 of the LPAN must show the Unique Market Reference.                                                              Joint                       LPAN
            8.167 Box 30 of the LPAN is mandatory for deferred items and must show payment dates of instalments as follows: a)           Joint                       LPAN                 Deferred
                  First instalment - enter the settlement due date b) For subsequent instalments enter a date which is calculated by
                  adding the terms of trade credit (as shown on the slip) to the client due date. On company signings for reserve
155               accounts the final instalment should be the expected release date.
            8.168 Box 31 of the LPAN is mandatory for deferred items and must show the bureau proportion of the net premium for          Joint                       LPAN                 Deferred
156               each deferred instalment including any UK IPT or overseas taxes.
            8.169 Bordereau or some other means of advice should show the location of each risk declared, to enable underwriters         Joint    Accounting
157               or their service provider to file appropriate regulatory returns.                                                                 Splits
            8.170 The appropriate VAT code, as per Customs & Excise rules, should be advised for each closing. Refer to Lloyd's          Joint    VAT Code
158               Taxation pages on lloyds.com.
            8.171 Any update to settlement due date must be agreed by the leading underwriter.                                           Joint    Settlement
159                                                                                                                                                Due Date
            8.172 Any underwriter notations must be complied with prior to submission.                                                   Joint   Subjectivities/
160                                                                                                                                               Notations
            8.173 Any increases in line must be agreed by the relevant underwriter. An additional premium should be supplied if          Joint                                         Market Change
161               applicable.
            8.174 Any extension of period must incept at the original policy's expiry and evidence of underwriter agreement must be      Joint                     Changes to
162               provided. Appropriate closings must be presented.                                                                                                  Cover
            8.175 Any changes to the typed text of the slip must be agreed by underwriters as per slip provision or there must be        Joint                     Changes to
163               evidence or broker confirmation that the changes were made before the lead wrote their line.                                                       Cover
            8.176 Any cancellation of line must be agreed by the relevant underwriter. Where a leading underwriter has cancelled         Joint                                         Market Change
164               his line all underwriters must agree who will subsequently act as leading underwriter.
            8.177 Any additional line must be agreed by the relevant underwriter. A premium signing should also be supplied.             Joint                                         Market Change
165
            8.178 All information originally shown as To Be Agreed (TBA) must be added to the slip and agreed by underwriters as         Joint        TBA
166               per slip provisions.
                                                                                                                         General                                                                                                  Page 14
                                                                                                           2f1a43cc-ab42-4354-9764-99c23edb40f9.xls
          A                                                                 B                                                            C          D           E           F           G             H                 I
       Check      Check Description                                                                                                  Applicabl Subject Area Submission     R/I   Transaction Type   Market     Class of Business
1     Reference                                                                                                                        e To                    Type
            8.179 A schedule of aircraft should be provided on aviation hull risks, this must show the registration of the aircraft.   Joint                                                        Aviation
167
            8.180 A schedule of vessels must be provided on marine hull risks, this must show the port of registry of the vessel.       Joint                                                       Marine
168
            8.181 A return of a deferred premium must also be settled as deferred using the due dates of the corresponding original     Joint                                        Deferred
169               premium if not all premium released.
            8.182 A policy must not be reinstated beyond the total reinstatement amount agreed on the slip and must be paid in          Joint                                     Reinstatement
170               accordance with slip provisions i.e. currency of loss or premium paid.                                                                                            Premium
171         8.183 A No Claims Bonus cannot be presented until the risk has expired.                                                     Joint                                    No Claims Bonus
172         8.184 If the slip does not provide for a No Claims Bonus all underwriters must agree.                                       Joint                                    No Claims Bonus
            8.185 If the slip allows for No Claims Bonus but a "No claims warranty" cannot be provided then lead underwriter            Joint                                    No Claims Bonus
173               agreement is required.
174         8.186 A No Claims Bonus should be calculated by applying the NCB rate on the slip to the premium paid.                      Joint                                    No Claims Bonus
            8.187 If a No Claims Bonus is payable on renewal the renewal slip must be checked to ensure that all underwriters on        Joint                                    No Claims Bonus
175               the slip allowing NCB have renewed. Any that have not renewed must agreethe NCB.
            8.188 A following underwriter cannot allocate a different risk code or risk code split to that allocated by the leading    Lloyd's   Risk Code
176               underwriter.
177         8.189 LPAN Box 1 ie PM/AP/RP should be completed with “PM”.                                                                 Joint                Treaty LPAN   Y
178         8.190 LPAN Box 2 ie Bureau – should show the bureau the bookslip has been presented to eg “LPSO” etc.                       Joint                Treaty LPAN   Y
179         8.191 LPAN Box 3 ie Broker No should contain the broker number appearing on the signing slip                                Joint                Treaty LPAN   Y
180         8.192 LPAN Box 4, ie Broker, should contain the Pseudonym relevant to the broker number entered on the slip.                Joint                Treaty LPAN   Y
            8.193 LPAN Box 5, ie Broker Contact, should contain the name and telephone number of the person at the broker office        Joint                Treaty LPAN   Y
181               to be contacted in the event of a query.
182         8.194 LPAN Box 6, ie Special settlement, should be shown as “No” for Treaty business.                                       Joint                Treaty LPAN   Y
183         8.195 LPAN Box 7, ie M/NM/AV, correct market indicator should be entered.                                                   Joint                Treaty LPAN   Y
            8.196 LPAN Box 8, ie Bureau Original Reference, this should be blank if a new contract or the bureau signing number         Joint                Treaty LPAN   Y
184               and date of the previous year's FDO signing.
            8.197 LPAN Box 9, ie Separation Code, this should reflect the documentation being presented for signing, ie 1 = FDO         Joint                Treaty LPAN   Y
185               only, 2 = Signing & Accounting ie FDO and Wording.
            8.198 LPAN Box 10, ie Broker Reference 1, the reference shown should be consistent with reference as it appears on          Joint                Treaty LPAN   Y
186               the slip.
            8.199 LPAN Box 11, Broker Reference 2, the reference shown should be consistent with reference as it appears on the         Joint                Treaty LPAN   Y
187               slip.
188         8.200 LPAN Box 13, Bureau Total Line, the value shown should equate to that shown on the slip.                              Joint                Treaty LPAN   Y
189         8.201 LPAN Box 14, Line Type, this must always be "%".                                                                      Joint                Treaty LPAN   Y
            8.202 LPAN Box 22, Original Currency, this must contain the ISO currency abbreviation for the currency that the slip        Joint                Treaty LPAN   Y
190               terms are expressed in.
            8.203 LPAN Box 24, Settlement Currency, this must contain the ISO currency abbreviation for the currency settlements        Joint                Treaty LPAN   Y
191               will occur in. It must be a currency that the service provider operates settlemnt services in.
192         8.204 LPAN Box 25, Bureau NA Premium, this must contain "FDO".                                                              Joint                Treaty LPAN   Y
            8.205 Broker Number / Pseudonym, these must be consistent across slip, LPAN and Bookslip.                                   Joint                   Treaty     Y
193                                                                                                                                                            Bookslip
            8.206 Policy Number, must be completed.                                                                                     Joint                   Treaty     Y
194                                                                                                                                                            Bookslip
            8.207 Unique Market Reference, must be completed.                                                                           Joint                   Treaty     Y
195                                                                                                                                                            Bookslip
            8.208 Risk code, must be entered and appropriate for the interest and class of business expressed on the slip. For          Joint                   Treaty     Y
196               Aviation business the Lead Underwriter must initial the risk code on the slip.                                                               Bookslip
            8.209 DTI Code, must be completed and appropriate for interest covered and geographical location of risk.                  Lloyd's                  Treaty     Y
197                                                                                                                                                            Bookslip
            8.210 Reassured / Account, the Reassured's Name must be entered and correspond with details on Panel 2.                     Joint                   Treaty     Y
198                                                                                                                                                            Bookslip
            8.211 Adjustable Scheme, must be completed as “No”.                                                                         Joint                   Treaty     Y
199                                                                                                                                                            Bookslip
            8.212 USB / NUS / US, the correct category must be indicated based on cedant, overseas broker and country of origin.        Joint                   Treaty     Y
200                                                                                                                                                            Bookslip
            8.213 Country of Origin, this must be completed and reasonable with regard to the location of cedant.                       Joint                   Treaty     Y
201                                                                                                                                                            Bookslip
                                                                                                                             General                                                                                           Page 15
                                                                                                            2f1a43cc-ab42-4354-9764-99c23edb40f9.xls
          A                                                                   B                                                                C          D           E         F           G             H               I
       Check      Check Description                                                                                                        Applicabl Subject Area Submission   R/I   Transaction Type   Market   Class of Business
1     Reference                                                                                                                              e To                    Type
            8.214 VAT, this must be completed with a valid code and is correct for the location of the cedant.                               Joint                  Treaty     Y
202                                                                                                                                                                Bookslip
            8.215 Overseas Broker, this must be completed for specific geographical locations.                                               Joint                  Treaty     Y
203                                                                                                                                                                Bookslip
            8.216 Gross premium grid, the signed line percentages and total must correspond to the lines and total shown on panel            Joint                  Treaty     Y
204               3 of slip and the signed line must correspond to box 13 on the LPAN.                                                                             Bookslip
            8.217 Treaty number, this must correspond to the previous year where this is a renewal. Must be blank if a new contract.         Joint                  Treaty     Y
205                                                                                                                                                                Bookslip
            8.218 Order / Hereon / Written / Signed lines, all percentages must be completed and correct with regard to the limits,          Joint      Order
                  signed lines and any specific slip provisions. Underwriters' lines must only be signed down and then on a
206               proportional basis.
            8.219 Reinsured, the name shown must be the same as appears on the slip.                                                         Joint                  Treaty     Y
207                                                                                                                                                                Bookslip
            8.220 Period, the period must not exceed 18 months and is continuous from expiry of previous period where this is a              Joint                  Treaty     Y
208               renewal.                                                                                                                                         Bookslip
            8.221 Class, the contract must be a proportional Treaty i.e. Quota Share or Surplus or Facultative Obligatory or suitable        Joint                  Treaty     Y
209               underwriter agreement to sign as Treaty Scheme.                                                                                                  Bookslip
            8.222 Interest, the interest covered must correspond and be in accordance with the Risk Code, DTI code and market               Lloyd's                 Treaty     Y
210               insuring the risk.                                                                                                                               Bookslip
            8.223 Territorial Scope, the territorial scope must be as per the slip conditions.                                               Joint                  Treaty     Y
211                                                                                                                                                                Bookslip
            8.224 Limits and PML information must be stated and in accordance with currency, location, class of business. The                Joint                  Treaty     Y
212               limits must be as per slip conditions.                                                                                                           Bookslip
            8.225 NAIC, where a US based risk this information must be provided.                                                            Lloyd's                 Treaty     Y
213                                                                                                                                                                Bookslip
            8.226 Cash Loss Limits and Provisions, if provided for the expressed value must be as per slip conditions.                       Joint                  Treaty     Y
214                                                                                                                                                                Bookslip
            8.227 Profit commission, if provided for the percentage must be as per slip conditions.                                          Joint                  Treaty     Y
215                                                                                                                                                                Bookslip
            8.228 Premium Reserves provision, if provided for the percentage must be as per slip conditions.                                 Joint                  Treaty     Y
216                                                                                                                                                                Bookslip
            8.229 Portfolio Percentage, if provided for the percentage must be as per slip conditions.                                       Joint                  Treaty     Y
217                                                                                                                                                                Bookslip
            8.230 Rate, OGR or ONR must be stated.                                                                                           Joint                  Treaty     Y
218                                                                                                                                                                Bookslip
            8.231 Commission / Brokerage / Tax, the deductions must be stated as per slip conditions.                                        Joint                  Treaty     Y
219                                                                                                                                                                Bookslip
            8.232 Conditions, any mandatory clauses for the class of business being covered must be included. All other clauses              Joint                  Treaty     Y
220               must be as per slip conditions.                                                                                                                  Bookslip
            8.233 Accounts, the basis of accounting must be stated.                                                                          Joint                  Treaty     Y
221                                                                                                                                                                Bookslip
            8.234 Bordereaux, if present must state whether bordereaux will be available or not.                                             Joint                  Treaty     Y
222                                                                                                                                                                Bookslip
            8.235 Wording, must state the approach to insurance documentation to be taken and the level of agreement by                      Joint                  Treaty     Y
223               underwriters required.                                                                                                                           Bookslip
            8.236 US classification, this must reflect the location of the Reinsured.                                                        Joint                  Treaty     Y
224                                                                                                                                                                Bookslip
            8.237 Underwriter’s stamps / references / agreement, valid Lloyd’s/Company stamp, company code/syndicate number                  Joint                  Treaty     Y
225               and pseudonym, references, signature and date must be present.                                                                                   Bookslip
            8.238 Subjectivity, if any are present all must be complied with.                                                                Joint                  Treaty     Y
226                                                                                                                                                                Bookslip
            8.239 Signed lines, the syndicate(s)/company signed lines must not exceed written lines. All signed lines must be signed         Joint                  Treaty     Y
                  down in proportion or the relevant clause contained in slip conditions to allow for disproportionate signings. If a line                         Bookslip
227               is 'to stand' or 'sign in full' this must be complied with.
            8.240 Endorsement(s), any endorsement must indicate the Treaty to which it attaches.                                             Joint                  Treaty     Y
228                                                                                                                                                                Bookslip
            8.241 Amendment, the endorsement changes must be in accordance with slip conditions.                                             Joint                  Treaty     Y
229                                                                                                                                                                Bookslip
                                                                                                                               General                                                                                           Page 16
                                                                                                              2f1a43cc-ab42-4354-9764-99c23edb40f9.xls
          A                                                            B                                                                     C          D            E        F           G             H               I
       Check      Check Description                                                                                                      Applicabl Subject Area Submission   R/I   Transaction Type   Market   Class of Business
1     Reference                                                                                                                            e To                    Type
            8.242 Agreement, the endorsement must contain the appropriate underwriter agreement.                                           Joint                   Treaty    Y
230                                                                                                                                                               Bookslip
            8.243   Treaty Bookslip – the bookslip must contains a complete copy of the signing slip.                                      Joint                   Treaty    Y
231                                                                                                                                                               Bookslip
            8.244   Statement, a statement must be completed for each settlement required, ie one per split breakdown of the monies        Joint                   Treaty    Y
232                 requiring to be processed with one copy in the bookslip.                                                                                     Statement
            8.245   Cedant accounts / bordereaux, the appropriate cedant accounts and/or bordereaux and/or paid cash loss advice           Joint                   Treaty    Y
                    must be submitted in accordance with the Treaty slip provisions and in support of the Statements requiring                                   Statement
233                 processing.
            8.246   Statement Box 1, Bureau, must be shown as “LPSO”, "ILU" or "LIRMA".                                                    Joint                   Treaty    Y
234                                                                                                                                                              Statement
            8.247   Statement Box 3, Broker Contact, must show the name and telephone number of the relevant contact point in the          Joint                   Treaty    Y
235                 broker's office.                                                                                                                             Statement
            8.248   Statement Box 4 Broker Number / Pseudonym, the broker number and pseudonym must match those shown on                   Joint                   Treaty    Y
                    the signing slip. If different, check that an agreement exists for the change of broker. The pseudonym should be                             Statement
236                 the appropriate one for the broker number.
            8.249   Statement Box 5 Our Reference 1, must contain the broker policy reference as the shown slip reference.                 Joint                   Treaty    Y
237                                                                                                                                                              Statement
            8.250   Statement Box 6 Our Reference 2, must contain the secondary broker reference as shown on the slip.                     Joint                   Treaty    Y
238                                                                                                                                                              Statement
            8.251   Statement Box 7 Treaty Number, the Treaty Number must be the same as the Treaty Number shown on the front              Joint                   Treaty    Y
239                 of the bookslip in the appropriate stamp.                                                                                                    Statement
            8.252   Statement Box 8 Your Reference, this must contain the original number and date on the front of the bookslip. If        Joint                   Treaty    Y
                    more than one, multi sections, then the original number and date relevant to the business being closed must be                               Statement
240                 stated.
            8.253   Statement Box 9 Unique Market Reference, the UMR must be completed and the same as on the slip.                        Joint                   Treaty    Y
241                                                                                                                                                              Statement
            8.254   Statement Box 11 Period of Statement, the period of the statement must continue from the last statement either         Joint                   Treaty    Y
                    signed or submitted with this submission. The accounting period should be consistent with the frequency shown                                Statement
242                 on the slip.
            8.255   Statement Box 12 Planned Settlement Date, if the statement requires to be settled on a "Flexible Settlement"           Joint                   Treaty    Y
243                 basis the date settllement is required to happen must be stated.                                                                             Statement
            8.256   Statement Box 14 Identification of Treaty, this must contain the same identifying narrative as appears on other        Joint                   Treaty    Y
244                 supporting documents, ie to confirm the statement has been attached to the correct bookslip.                                                 Statement
            8.257   Statement Box 15 Original Currency, the currency shown must be consistent with with slip provisions and be a           Joint                   Treaty    Y
245                 valid ISO abbreviation.                                                                                                                      Statement
            8.258   Statement Box 16 Rate of Exchange, where settlement is to take place in a currency different to the original           Joint                   Treaty    Y
                    currency the rate of exchange used to achieve conversion must be advised. This must be either a current rate                                 Statement
246                 and/or the rate the currency was bought or sold at.
            8.259   Statement Box 17 Settlement Currency, the settlement currency must be a valid Lloyd’s settlement currency,             Joint                   Treaty    Y
247                 expressed in ISO currency abbreviation format and referenced within slip provisions.                                                         Statement
            8.260   Statement Box 18 Underwriting Period, the from and to dates shown must be consistent with the period shown in          Joint                   Treaty    Y
248                 the bookslip and signing slip. This can only be changed via an endorsement.                                                                  Statement
            8.261   Cash Element 01 Net Premium, the net premium must match the corresponding figure in the premium breakdown              Joint                   Treaty    Y
249                 section.                                                                                                                                     Statement
            8.262   Cash Element 02 Deferred Premium released, this must match the sum value of deferred premium previously                Joint                   Treaty    Y
250                 retained on previous accounts and due for release in the accounting period now being closed.                                                 Statement
            8.263   Cash Element 03 Premium Reserve Retained, this must equate to the premium reserve retained within the cedant           Joint                   Treaty    Y
251                 accounts and the reserve percentage as provided for on the slip.                                                                             Statement
            8.264   Cash Element 04 Premium Reserve Released, this must equate to the sum value of premium reserve retained                Joint                   Treaty    Y
                    previously on earlier accounts and now falling due for release in accordance with contract conditions, eg held for                           Statement
252                 one year.
            8.265   Cash Element 05 Premium Portfolio In, there must be provision for portfolio transfers within the slip or wording. In   Joint                   Treaty    Y
253                 addition, the amounts being transferred must be evidenced on the cedant’s account.                                                           Statement
            8.266   Cash Element 06 Premium Portfolio Out, there must be provision for portfolio transfers within the slip or wording.     Joint                   Treaty    Y
254                 In addition, the amounts being transferred must be evidenced on the cedant’s account.                                                        Statement
            8.267   Cash Element 07 Net Interest On Reserve, the amount must correspond to the relevant figure within reserve              Joint                   Treaty    Y
255                 interest breakdown.                                                                                                                          Statement
                                                                                                                               General                                                                                         Page 17
                                                                                                        2f1a43cc-ab42-4354-9764-99c23edb40f9.xls
          A                                                                B                                                         C           D           E        F           G             H               I
       Check      Check Description                                                                                              Applicabl Subject Area Submission   R/I   Transaction Type   Market   Class of Business
1     Reference                                                                                                                    e To                    Type
            8.268 Cash Element 08 Reinsurance for Joint Account Premiums, reinsurance for joint account must be provided for       Joint                   Treaty    Y
256               within either the slip on wording. The amount must be evidenced on the cedant's account.                                               Statement
            8.269 Cash Element 09 Profit Commission, the payment of a profit commission must be provided for in the slip or        Joint                   Treaty    Y
                  wording and the amount must be evienced on the cedant’s account. For Non Marine or Aviation business the first                         Statement
                  underwriter must agree the amount. For Marine business the PC calculation and cedant accounts must evidence
257               that the calculation has been effected in accordance with slip or wording conditions.
            8.270 Cash Element 20 Balance of Account, the amount must equate to the sum total of all Cash Elements.                Joint                   Treaty    Y
258                                                                                                                                                      Statement
            8.271 Cash Element 21 Your Share %, this must equal the percentage stated on the slip.                                 Joint                   Treaty    Y
259                                                                                                                                                      Statement
            8.272 Cash Element 22 Your Share, this must equate to Balance of Account multipled by Lloyd's Line.                    Joint                   Treaty    Y
260                                                                                                                                                      Statement
            8.273 Cash Element 23 Settlement Amount, this must equate to Your Share divided by the rate of exchange from           Joint                   Treaty    Y
261               original to settlement currency.                                                                                                       Statement
            8.274 Premium Element 40 Gross Premium, this must match the corresponding figure on the cedant accounts. In            Joint                   Treaty    Y
262               accordance with slip order (if any).                                                                                                   Statement
            8.275 Premium Element 41 Lay Up Return Premium, this must equate to the corresponding value for lay up return          Joint                   Treaty    Y
                  premiums as expressed on the cedant accounts. No commission is deducted in respect of lay up returns.                                  Statement
263
            8.276 Premium Element 42 Ceding Commission, this must equate to the corresponding value for commissions shown            Joint               Treaty      Y
264               on the cedant accounts and be calculated at the percentage expressed on the slip.                                                    Statement
            8.277 Premium Element 43 Commission Adjustment (Sliding Scale), this must be in keeping with slip or wording             Joint               Treaty      Y
265               provisions and be based on performance as evidenced in accounts previously closed.                                                   Statement
            8.278 Premium Element 44 Overriding Commission, this must equate to the corresponding value for overriding               Joint               Treaty      Y
                  commission as contained in the cedant accounts and be calculated in accordance with the slip or wording                              Statement
266               provisions.
            8.279 Premium Element 45 Taxes, the tax deduction must be calculated as specified in the slip or wording.                Joint               Treaty      Y
267                                                                                                                                                    Statement
            8.280 Premium Element 46 Fire Brigade Charges, this must equate to the fire brigade charges contained in the cedant      Joint               Treaty      Y
268               accounts and be calculated in accordance with the slip or wording provisions.                                                        Statement
            8.281 Premium Element 47 Other Deductions Charges, this must equate to the corresponding figure contained in the         Joint               Treaty      Y
269               cedant accounts and be calculated in accordance with the slip or wording provisions.                                                 Statement
            8.282 Premium Element 48 Brokerage Charges, the brokerage should be calculated on the basis that is provided for         Joint               Treaty      Y
270               within the slip.                                                                                                                     Statement
            8.283 Premium Element 49 Net Premium, this must equate to the value of the gross premium less all premium                Joint               Treaty      Y
271               deductions.                                                                                                                          Statement
            8.284 Deferred Element 60 Instalment Due Date, the instalment due dates should be as evidenced on the cedant             Joint               Treaty      Y
272               accounts.                                                                                                                            Statement
            8.285 Deferred Element 61 Premium Instalment, this must equate to the corresponding figure as specified within the       Joint               Treaty      Y
273               cedant accounts.                                                                                                                     Statement
            8.286 Deferred Element 62 Commissions, this must equate to the corresponding figure as specified within the cedant       Joint               Treaty      Y
274               accounts and be calculated at the rate as expressed on the slip.                                                                     Statement
            8.287 Deferred Element 63 Overriding Commissions, this must equate to the corresponding figure as specified within       Joint               Treaty      Y
275               the cedant accounts and be calculated at the rate as expressed on the slip.                                                          Statement
            8.288 Deferred Element 64 Premium Tax, this must equate to the corresponding figure as specified within the cedant       Joint               Treaty      Y
276               accounts and be calculated at the rate as expressed on the slip.                                                                     Statement
            8.289 Deferred Element 65 Other Deductions. – check that the deductions have been provided for within the slip and       Joint               Treaty      Y
277               that the correct amount has been taken.                                                                                              Statement
            8.290 Deferred Element 66 Brokerage, this must be calculated in accordance with slip provisions.                         Joint               Treaty      Y
278                                                                                                                                                    Statement
            8.291 Deferred Element 67 Premium Reserve, this must equate to the corresponding figure as specified within the          Joint               Treaty      Y
279               cedant accounts and be calculated at the rate as expressed on the slip.                                                              Statement
            8.292 Deferred Element 68 Net Deferred Instalment, this must equate to the value of the deferred instalment gross        Joint               Treaty      Y
280               premium less all premium deductions realting to that instalment.                                                                     Statement
            8.293 Deferred Element 80 Deferred Balance B/Fwd, this should equate to the deferred carried forward amount from the     Joint               Treaty      Y
281               previous statement.                                                                                                                  Statement
            8.294 Deferred Element 81 Deferred Instalments This Account, this must equate to the sum total of deferred instalments   Joint               Treaty      Y
282               being established in this statement.                                                                                                 Statement
                                                                                                                          General                                                                                      Page 18
                                                                                                            2f1a43cc-ab42-4354-9764-99c23edb40f9.xls
          A                                                                   B                                                          C           D           E        F           G              H                 I
       Check      Check Description                                                                                                  Applicabl Subject Area Submission   R/I   Transaction Type    Market     Class of Business
1     Reference                                                                                                                        e To                    Type
            8.295 Deferred Element 82 Deferred Transfer to Cash, this must equate to the sum total of deferred instalments from        Joint                   Treaty    Y
283               previous statements where the due date corresponds to the accounting period(s) now being closed.                                           Statement
            8.296 Deferred Element 83 Deferred Balance C/Fwd, this must equate to the Deferred B/fwd, plus any instalments             Joint                   Treaty    Y
284               established this time, less any instalments being released this time.                                                                      Statement
            8.297 Reserve Element 90 Premium Reserve Balance B/fwd, this should equate to the reserve carried forward amount           Joint                   Treaty    Y
285               from the previous statement.                                                                                                               Statement
            8.298 Reserve Element 91 Premium Reserve Retained, this must be calculated as per slip provisions.                         Joint                   Treaty    Y
286                                                                                                                                                          Statement
            8.299 Reserve Element 92 Premium Reserve Released, this must equate to the reserve amount retained previously and          Joint                   Treaty    Y
287               now due for release, in accordance with slip or wording provisions.                                                                        Statement
            8.300 Reserve Element 93 Deferred Premium Reserve Retained, this must be calculated as per slip provisions and be          Joint                   Treaty    Y
288               deducted from the gross deferred premium figure.                                                                                           Statement
            8.301 Reserve Element 94 Premium Reserve Balance C/fwd, this must equate to the Reserve Bal B/fwd, plus any                Joint                   Treaty    Y
289               reserve retained this time, less any reserve released this time.                                                                           Statement
            8.302 Interest Element 100 and 101 Reserve and OCA Interest, the reserve interest must equate to the value as shown        Joint                   Treaty    Y
290               on the cedant accounts and calculated as per slip provisions.                                                                              Statement
            8.303 Interest Element 102, Tax on Interest, the tax deducted must equate to the rate of tax prevailing for this           Joint                   Treaty    Y
291               jurisdiction at the time of this accounting period.                                                                                        Statement
            8.304 Interest Element 103, Net Reserve Interest, must equate to the Reserve Interest amount less Tax on Interest.         Joint                   Treaty    Y
292                                                                                                                                                          Statement
            8.305 Rate of Exchange Adjustment, evidence of the calculation used in arriving at the rate of exchange adjustment         Joint                   Treaty    Y
                  must be provided, ie based on the original statement now being adjusted. In addition third party documentary                               Statement
                  evidence must be provided demonstrating the rate at which the the currency was bought or sold. Figures from the
                  previous statement(s) of a premium nature should have their adjustment figures aggregated and completed in the
                  Net Premium element, figures of a claim nature should have their figures aggregated and completed in the Paid
293               Claim element.
            8.306 Correction Request, documentary evidence supporting any correction or adjustment to a previous statement must        Joint                   Treaty    Y
                  be provided, with a clear explanation of the reason for the correction. Where the correction adds or removes an                            Statement
294               underwriter from the risk their agreement is required.
            8.307 Account Warranty – check that the account warranty as defined in the bookslip has been complied with.                Joint                   Treaty    Y
295                                                                                                                                                          Statement
            8.308 War Coverage, where War Risk Only all figures should be advised as war values. Where contract includes war           Joint                   Treaty    Y
296               and some war figures are available these should be advised as relating to their relevant cash elements.                                    Statement
            8.309 NAIC Figures, these should be reported when the statements are closed that incorporate the accounts which           Lloyd's                  Treaty    Y
297               include the close of each half year, ie 30th June and 31st December.                                                                       Statement
            8.310 The slip should show the rate of profit commission and to who the commission is to be paid to eg the assured or a    Joint                                   Profit Commission
                  third party, if this is not the case underwriter agreement should be obtained as per slip provisions.
298
            8.311 The slip should show the rate of No Claims Bonus to who the bonus is to be paid to eg the assured or a third      Joint                                      No Claims Bonus
299               party, if this is not the case underwriter agreement should be obtained as per slip provisions.
            8.312 Domestic war on land business cannot be covered unless each underwriter has obtained dispensation from           Lloyd's                                                                    War/Foreign Assets
300               Lloyd's Franchise Performance Department
            8.313 War on land must not have a period exceeding 12 months unless dispensation is obtained from Lloyd's Franchise    Lloyd's                                                                    War/Foreign Assets
301               Performance Department.
            8.314 All transactions which are converted from Chilean Pesos, ISO code CLF (aka Unidades de Formento) must have        Joint     Rate of
                  the rate of exchange agreed by the leading Lloyd’s Underwriter or have a provision to accept the rate as                   Exchange
302               presented.
            8.315 A release of reserve premium requires an additional premium LPAN and an equivalent amount return premium         Lloyd's   Accounting                        Reserve Premium
                  LPAN, to release the monies from reserve to cash account (or vice versa if reserve account relates to a return               Splits
303               premium signing).
            8.316 Where a survey fee is being collected the amount should be supported either by the leading underwriter's          Joint    Survey Fee
304               agreement or by sight of the fee invoice.
            8.317 For all FDOs other than those submitted under the early signing scheme there must be reference on the slip to     Joint      FDO
                  premium being paid on a declaration basis, otherwise underwriter agreement should be obtained as per slip
305               provisions.
            8.318 Where typed signed lines are presented these must either state "agreement obtained in respect of uninitialled     Joint                                                          Aviation
306               lines" or a copy of the original slip must be supplied.
                                                                                                                        General                                                                                                Page 19
                                                                                                            2f1a43cc-ab42-4354-9764-99c23edb40f9.xls
          A                                                                  B                                                           C           D           E         F           G              H                  I
       Check      Check Description                                                                                                  Applicabl Subject Area Submission    R/I   Transaction Type    Market      Class of Business
1     Reference                                                                                                                        e To                    Type
            8.319 Where typed signed lines are presented these must be agreed by the leading underwriter or a copy of the original     Joint                                                         Marine
307               slip supplied.
            8.320 Where a premium has been signed as cash but should have been deferred or reserve account full agreement is           Joint                 Correction             Deferred
308               required for this to be amended unless the slip terms allow for this.
            8.321 Where a premium has been signed as cash but should have been deferred or reserve account full agreement is           Joint                 Correction         Reserve Premium
309               required for this to be amended unless the slip terms allow for this.
            8.322 Where typed signed lines are presented these must either state "agreement obtained in respect of uninitialled        Joint                                                       Non Marine
310               lines" or a copy of the original slip must be supplied.
            8.323 Cash Element 10, Paid Claims, this must equate to the total of elements 110, 111, 112 and 113.                       Joint                   Treaty     Y
311                                                                                                                                                          Statement
            8.324 Paid Claim Element 110, amount shown must correlate to cedant's accounts/bordereaux. Details of any significant      Joint                   Treaty     Y
                  losses eg CAT's, PCS CAT's, TL's, War Losses, further payments iro previously advised claims, must be advised                              Statement
                  for reporting in Section H breakdown. Market Agreement should be provided in accordance with Market practice.
                  Losses should conform to slip conditions, ie limits, period, coverage, year of account, attachment to appropriate
                  section. Inclusion in regular accounts of previously paid Cash Losses should have corresponding amount credited,
312               see Cash Loss Contra Element 113.
            8.325 Paid Refund Element 111, amount shown must correlate to cedant's accounts/bordereaux. Details of any refunds         Joint                   Treaty     Y
313               iro previously advised claims must be advised for reporting in Section H breakdown.                                                        Statement
            8.326 Cash Loss Element 112, amount shown must correlate to cedant's paid loss advice which must be provided.              Joint                   Treaty     Y
                  Details of the loss must be available for advice in Section H breakdown. Claim must exceed slip Cash Loss Limit                            Statement
                  or be additional payment in respect of a previous Cash Loss. Market Agreement should be provided where
                  accounts are not up to date, full Market Agreement is required where not up to date and no premium received to
                  date, if accounts up to date on previous years of account only lead underwriter agrrement is required. Market
                  Agreement should also be provided in accordance with Market practice regarding claims. Loss should conform to
                  slip conditions, ie limits, period, coverage, year of account, attachment to appropriate section.
314
            8.327 Cash Loss Contra Element 113, cash losses previously collected and now being accounted for in regular accounts        Joint                Treaty       Y
315               ie included in Paid Claim Element 110, should be shown in this element as a contra amount.                                               Statement
            8.328 Cash Element 11, Claim Reserve Retained, amount shown must correlate to cedant's accounts/bordereaux.                 Joint                Treaty       Y
                  Details of any significant losses eg CAT's, PCS CAT's, TL's, War Losses, further payments iro previously advised                         Statement
                  claims, must be advised for reporting in Section H breakdown. Market Agreement should be provided in
                  accordance with Market practice. Losses should conform to slip conditions, ie limits, period, coverage, year of
316               account, attachment to appropriate section.
            8.329 Cash Element 12, Claims Reserve Released, amount must correlate to cedant's account/bordereaux. Amount                Joint                Treaty       Y
                  released should typically correlate to previous Reserve Retained unless contract provides for partial releases.                          Statement
317
            8.330 Cash Element 13, Outstanding Claim Advance Retained, amount shown must correlate to cedant's                          Joint                Treaty       Y
                  accounts/bordereaux. Details of any significant losses eg CAT's, PCS CAT's, TL's, War Losses, further payments                           Statement
                  iro previously advised claims, must be advised for reporting in Section H breakdown. Market Agreement should be
                  provided in accordance with Market practice. Losses should conform to slip conditions, ie limits, period, coverage,
318               year of account, attachment to appropriate section.
            8.331 Cash Element 14, Outstanding Claim Advance Released, amount must correlate to cedant's account/bordereaux.            Joint                Treaty       Y
                  Amount released should typically correlate to previous Claim Advance Retained unless contract provides for                               Statement
319               partial releases.
            8.332 Cash Element 15, Claim Portfolio Incoming, amount shown must correlate to cedant's accounts/bordereaux.               Joint                Treaty       Y
                  Details of any significant losses eg CAT's, PCS CAT's, TL's, War Losses, further payments iro previously advised                         Statement
                  claims, must be advised for reporting in Section H breakdown. Market Agreement should be provided in
                  accordance with Market practice. Losses should conform to slip conditions, ie limits, period, coverage, year of
320               account, attachment to appropriate section.
            8.333 Cash Element 16, Claims Portfolio Outgoing, amount shown must correlate to cedant's accounts/bordereaux.              Joint                Treaty       Y
                  Details of any significant losses included in the transfer eg CAT's, PCS CAT's, TL's, War Losses, further                                Statement
                  payments iro previously advised claims, must be advised for reporting in Section H breakdown. Market Agreement
321               should be provided in accordance with Market practice.
            8.334 Cash Element 17, Reinsurance Recoveries, amount shown must correlate to cedant's accounts/bordereaux.                 Joint                Treaty       Y
                  Details of any significant losses being recovered under joint account reinsurance protection eg CAT's, PCS CAT's,                        Statement
                  TL's, War Losses, further payments iro previously advised recoveries, must be advised for reporting in Section H
322               breakdown.
                                                                                                                            General                                                                                             Page 20
                                                                                                            2f1a43cc-ab42-4354-9764-99c23edb40f9.xls
          A                                                                   B                                                          C           D           E         F           G             H               I
       Check      Check Description                                                                                                  Applicabl Subject Area Submission    R/I   Transaction Type   Market   Class of Business
1     Reference                                                                                                                        e To                    Type
            8.335 Balance of Claims Reserve, Element 160, must correlate to the outstanding claims reserve retained figure, ie the     Joint                   Treaty     Y
                  value in Cash Element 11 on this closing, or from the previous statement where the Claims Reserve was                                      Statement
323               adjusted.
            8.336 Balance of Outstanding Claims Advance, Element 161, must correlate to the outstanding claims advance retained        Joint                   Treaty     Y
                  figure, ie the value in Cash Element 13 on this closing, or the outstanding figure from the previous statement                             Statement
324               where the Claims Advance was adjusted.
            8.337 Outstanding Loss Information, Element 162, amount shown must correlate to cedant provided information, eg            Joint                   Treaty     Y
                  from accounts/bordereaux, including any incurred but not reported figures. Details of any significant losses eg                            Statement
                  CAT's, PCS CAT's, TL's, War Losses, further payments iro previously advised claims, must be advised for
                  reporting in Section H breakdown. Market Agreement should be provided in accordance with Market practice.
                  Losses should conform to slip conditions, ie limits, period, coverage, year of account, attachment to appropriate
325               section.
            8.338 Box 3 on the LPAN, Broker Number, the broker number must match that shown on the signing slip. If different,         Joint                   LPAN
                  check that an agreement exists for the change of broker. The pseudonym should be the appropriate one for the
326               broker number.
            8.339 Box 4 on the LPAN, Broker Pseudonym, the broker pseudonym must match that shown on the signing slip. If              Joint                   LPAN
                  different, check that an agreement exists for the change of broker. The pseudonym should be the appropriate one
327               for the broker number.
            8.340 Box 20 on the LPAN should show taxes or charges that are to be deducted from the premium paid to underwriters Company             Tax        LPAN
                  - can be either a percentage or an amount. Up to 10 characters, including the decimal point, and a maximum of 7
                  decimal places. If US Federal Excise tax should be deducted andf an amount is present, this should be the
328               correct value and applied to the correct company underwriters.
            8.341 On broker transfers the outstanding premium being transferred must be processed on the same basis as the             Joint                  Broker
                  original i.e. if set up as deferred then the transfer must be on the same dates, and the premium amounts must                               change
                  match. The AP/RP transfer entries must be signed simultaneously unless there is specific agreement to sign on
329               different dates .
            8.342 All Excess of Loss premium adjustments should be submitted to the bureau, even where they result in a "Nil"          Joint    Adjustable                Y
330               adjustment.
            8.343 Companies and brokers must have valid bank accounts for the settlement currencies used                             Company     Currency
331
            8.344 A release of reserve premium requires an additional premium LPAN. The amount to be released should be equal Company Accounting                                Reserve Premium
                  to the original reserve figure. If a rate of exchange adjustment has occurred or interest is involved then separate             Splits
332               LPAN should be provided.
            8.345 The slip must contain an agreement if Fire Brigade Charges are applicable to the risk. Applicable to business       Company Fire Brigade
333               emanating from Australian brokers only.                                                                                       Charges
            8.346 Cash signings must not be cancelled and replaced with delinked signings without specific agreement from               Joint  Corrections
                  underwriters. If signed as cash in error when the broker had submitted it correctly underwriters should be
334               informed before processing the correction.
            8.347 If an RP is being processed as a cancellation entry (i.e. not a contra cancellation) then all premium, deferred     Company Cancellations
                  instalments and deductions must be checked to ensure that they match the original being cancelled. If cancelling
                  an AP then need to ensure that the premium has been settled and is a delinked item not yet released.
335
            8.348 Element 140, Claim portfolio incoming, should be shown if the Loss is included within the Claim portfolio in shown   Joint                    Treaty
336               in cash account                                                                                                                             Statement
            8.349 Element 141 Claim portfolio outgoing, should be shown if the Loss is included within the Claim portfolio out shown   Joint                    Treaty
337               in cash account                                                                                                                             Statement
            8.350 Element 142 Reinsurance recoveries, should be shown if the Loss is included within the Reinsurance for Joint         Joint                    Treaty
338               account claim recoveries in cash account                                                                                                    Statement
            8.351 Element 144 Outstanding losses, should be shown in Loss is included within the outstanding loss figure shown         Joint                    Treaty
339               within outstanding claims information                                                                                                       Statement
            8.352 Element 145 Paid claims, should be shown in Loss is included within the paid claim figure shown within claims        Joint                    Treaty
340               breakdown                                                                                                                                   Statement
            8.353 Element 146, Paid refunds, should be shown in Loss is included within the claim refund figure shown within claims    Joint                    Treaty
341               breakdown                                                                                                                                   Statement
            8.354 Element 147 Cash loss, should be shown in if cash loss is included within the claims breakdown                       Joint                    Treaty
342                                                                                                                                                           Statement
            8.355 Element 148 Cash loss contra, should be shown in if cash loss contra is included within the claims breakdown         Joint                    Treaty
343                                                                                                                                                           Statement
                                                                                                                           General                                                                                          Page 21
                                                                                                            2f1a43cc-ab42-4354-9764-99c23edb40f9.xls
          A                                                                  B                                                             C          D            E        F           G             H               I
       Check      Check Description                                                                                                    Applicabl Subject Area Submission   R/I   Transaction Type   Market   Class of Business
1     Reference                                                                                                                          e To                    Type
            8.356 Claim Element 114 Net Claim, this must equate to the value of the all claim elements combined.                         Joint                   Treaty
344                                                                                                                                                            Statement
            8.357 Element 130 date of loss, if cash loss limits are exceeded for paid claims, outstanding losses or other loss related   Joint                   Treaty
345               elements then information on large lossed should be supplied by the broker (H screen inforamtion)                                            Statement
            8.358 Element 133 name of loss, refer to element 130 for large losses (H screen elements)                                    Joint                   Treaty
346                                                                                                                                                            Statement
            8.359 Element 134 nature of claim, refer to element 130 for large losses (H screen elements)                                 Joint                   Treaty
347                                                                                                                                                            Statement
            8.360 element 135 loss details gives more detailed description of the loss - refer to element 130 for large losses (H        Joint                   Treaty
348               screen elements)                                                                                                                             Statement
            8.361 Element 136 Claim reserve retained, should be shown if the Loss is included within the Claims reserve retained in      Joint                   Treaty
349               cash account.                                                                                                                                Statement
            8.362 Element 137 Claim reserve released, should be shown if the Loss is included within the Claims reserve released         Joint                   Treaty
350               in cash account.                                                                                                                             Statement
            8.363 Element 138 OCA retained, should be shown if the Loss is included within the OCA reserve retained in cash              Joint                   Treaty
351               account                                                                                                                                      Statement
            8.364 Element 139 OCA released, should be shown if the Loss is included within the OCA reserve released in cash              Joint                   Treaty
352               account                                                                                                                                      Statement
            8.365 Check underwriters stamp/line conditions for any special procedures relevant to tax. If underwriters have marked Company           Tax
                  that 'X tax does not apply' or similar conditions, check that the broker has not included a tax deduction or loading
353               for that company.
            8.366 Check slip heading 'taxes payable by insured and administered by underwriters', if a tax percentage is shown,        Company       Tax         LPAN
                  check that this is a tax from the same country as that captured as country of risk for the premium. This tax should
                  be reflected in box 17 on the LPAN, if not broker should confirm that the tax has been dealt with at source.
354
            8.367 Check slip heading 'taxes payable by underwriters'. If a tax percentage is shown, check that this is a tax from the Company    Tax          LPAN
                  same country as that captured as country of risk for the premium. This tax should be reflected in box 20 on the
355               LPAN, otherwise it is to be advised as "recorded".
            8.368 Check slip for reference to US Federal Excise Tax. If deducted this tax must be shown on the slip. It can only be Company      Tax
                  applied to US dollar premiums on a risk with a US insured. Not all underwriters are liable to pay the tax.
356
            8.369 Where FET is deducted this should appear in box 20 of the LPAN as a premium deduction.                           Company       Tax          LPAN
357
            8.370 If the tax has been shown on the LPAN this should only relate to those underwriters who are liable.              Company       Tax          LPAN
358
            8.371 Where a pool is present the FET deduction should only apply to the liable members of the pool. Where there is    Company       Tax
                  uncertainty over a company's FET liability agreement to any deduction must be obtained from the company.

359




                                                                                                                         General                                                                                             Page 22
Please     To access the latest rate position on Taxes please use the following link to access Lloyd's Taxation Departm
Note:
                                                          Lloyd's Taxation Department - Taxation Rates

Note For   Where a presentation is in respect of an accounting submission covering more than one tax territory, sufficient supporti
Brokers:   provided to enable Tax liabilities to be determined for each territory.
           For IUA Tax checks please follow the link "A&S Publications" in the MRPO web site.



 Check Country                Name
Reference

  9.001    Afghanistan          N/A
  9.002    Albania              N/A
  9.003    Algeria              N/A
  9.004    American             N/A
           Samoa
  9.005    Andorra             N/A
  9.006    Angola              N/A
  9.007    Anguilla            N/A
  9.008    Antigua             N/A
  9.009    Argentina        remittance
                               tax

  9.010    Armenia          withholding
                                tax

  9.011    Aruba                N/A
  9.012    Australia        income tax




  9.013    Australia         insurance
                             protection
                                 tax
  9.014    Austria          fire brigade
                               charge




  9.015    Austria         premium tax


  9.016    Azerbaijan          N/A
  9.017    Bahamas         premium tax




  9.018    Bahrain              N/A
  9.019    Baker Island         N/A
  9.020    Bangladesh           N/A
  9.021    Barbados         income tax


  9.022    Belarus              N/A
9.023   Belgium           income tax


9.024   Belgium             National
                          Institute for
                             Health
                           Disability




9.025   Belgium           premium tax




9.026   Belize               N/A
9.027   Benin                N/A
9.028   Bermuda           stamp duty

9.029   Bhutan               N/A
9.030   Bolivia           Remittance
                             Tax

9.031   Bosnia-               N/A
        Herzegovina
9.032   Botswana             N/A
9.033   Brazil            Remittance
                             Tax

9.034   British Virgin        N/A
        Islands
9.035   Brunei                N/A
9.036   Bulgaria              N/A
9.037   Burkina Faso          N/A
9.038   Burundi               N/A
9.039   Cambodia          withholding
                              tax

9.040   Cameroon              N/A
9.041   Canada             Provincial
                          premium tax

9.042   Canada                RST


9.043   Canada            Excise Tax
9.044   Cape Verde           N/A
        Islands
9.045   Cayman            stamp duty
        Islands

9.046   Central African       N/A
        Republic
9.047   Chad                 N/A
9.048   Chile              Special
                           Offshore
                             Tax
9.049   Chile             withholding
                              tax

9.050   China                 N/A
9.051   Colombia              N/A
9.052   Comoro                N/A
        Islands
9.053   Congo                 N/A
9.054   Costa Rica        withholding
                              tax

9.055   Cote d'Ivoire        N/A
9.056   Croatia              N/A
9.057   Cuba                 N/A
9.058   Cyprus            stamp duty




9.059   Czech                 N/A
        Republic
9.060   Democratic            N/A
        Republic of the
        Congo
9.061   Denmark               N/A
9.062   Djibouti              N/A
9.063   Dominica          income tax
9.064   Dominican         income tax
        Republic

9.065   Dominican         premium tax
        Republic

9.066   Ecuador           Remittance
                             Tax

9.067   Egypt                 N/A
9.068   El Salvador           N/A
9.069   Equatorial            N/A
        Guinea
9.070   Eritrea               N/A
9.071   Estonia               N/A
9.072   Ethiopia              N/A
9.073   Falkland              N/A
        Islands
9.074   Fiji              income tax


9.075   Fiji              withholding
                              tax

9.076   Finland           fire brigade
                             charge

9.077   Finland           premium tax


9.078   France            income tax
9.079   France          Nat Cat levy


9.080   France             Misc
                         Parafiscal
                          charges

9.081   France          premium tax




9.082   French Guyana      Misc
                         Parafiscal
                          charges

9.083   French Guyana premium tax



9.084   French Guyana Nat Cat levy


9.085   French           Insurance
        Polynesia           Tax


9.086   French          premium tax
        Polynesia


9.087   French          Profits Tax
        Polynesia
9.088   Gabon               N/A
9.089   Gambia              N/A
9.090   Georgia         withholding
                            tax

9.091   Germany         fire brigade
                           charge


9.092   Germany         premium tax




9.093   Ghana               N/A
9.094   Gibraltar           N/A
9.095   Greece           Auxiliary
                           Fund
                          (Motor)

9.096   Greece           Insurance
                         employees
                          pension
                            fund
9.097   Greece          premium tax
9.098   Greece            motor
                        insurance
                       bureau levy
9.099   Greece         stamp duty




9.100   Grenada            N/A
9.101   Guadeloupe        Misc
                        Parafiscal
                         charges

9.102   Guadeloupe    premium tax




9.103   Guadeloupe     Nat Cat levy


9.104   Guam             Gross
                        Receipts
                          Tax

9.105   Guatemala      income tax


9.106   Guernsey          N/A
9.107   Guinea            N/A
9.108   Guinea-Bissau     N/A
9.109   Guyana        withholding
                           tax

9.110   Haiti          income tax


9.111   Honduras           N/A
9.112   Hong Kong      income tax
9.113   Howland Island     N/A

9.114   Hungary           N/A
9.115   Iceland           N/A
9.116   India             N/A
9.117   Indonesia         N/A
9.118   Iran              N/A
9.119   Iraq              N/A
9.120   Ireland           Levy


9.121   Ireland        stamp duty

9.122   Isle of Man        N/A
9.123   Israel         income tax
9.124   Italy             Misc
                        Parafiscal
                         charges
9.125   Italy         premium tax
9.126   Jamaica              N/A
9.127   Japan               Misc
                          Parafiscal
                           charges

9.128   Jarvis Island        N/A
9.129   Jersey               N/A
9.130   Johnston Atoll       N/A
9.131   Jordan               N/A
9.132   Kazakhstan           N/A
9.133   Kenya            premium tax


9.134   Kenya            Reinsurance
                         premium tax

9.135   Kingman Reef         N/A
9.136   Kiribati             N/A
9.137   Kuwait               N/A
9.138   Kyrgyzstan       withholding
                             tax

9.139   Labuan               N/A
9.140   Laos                 N/A
9.141   Latvia               N/A
9.142   Lebanon          withholding
                             tax

9.143   Lesotho             N/A
9.144   Liberia             N/A
9.145   Libya               N/A
9.146   Liechtenstein    stamp duty




9.147   Lithuania             N/A
9.148   Luxembourg       fire brigade
                            charge

9.149   Luxembourg       premium tax


9.150   Macau                N/A
9.151   Macedonia            N/A
9.152   Madagascar           N/A
9.153   Malawi               N/A
9.154   Malaysia          Corporate
                             Tax

9.155   Maldives             N/A
9.156   Mali                 N/A
9.157   Malta            income tax
9.158   Malta             Parafiscal
                           charges
9.159   Malta            stamp duty
9.160   Martinique          Misc
                          Parafiscal
                           charges

9.161   Martinique       premium tax




9.162   Martinique       Nat Cat levy




9.163   Mauritania           N/A
9.164   Mauritius            N/A
9.165   Mexico               N/A
9.166   Midway Islands       N/A

9.167   Moldova              N/A
9.168   Monaco           Additional
                         Fire charge


9.169   Monaco            Disability
                          charges

9.170   Monaco           premium tax




9.171   Mongolia             N/A
9.172   Montserrat           N/A
9.173   Morocco              N/A
9.174   Mozambique           N/A
9.175   Myanmar              N/A
9.176   Namibia          withholding
                             tax

9.177   Nauru                N/A
9.178   Navassa Island       N/A

9.179   Nepal             Advance
                            Tax

9.180   Nepal             Insurance
                          Board Tax


9.181   Netherlands      premium tax




9.182   Netherlands          N/A
        Antilles
9.183   New Caledonia        N/A

9.184   New Zealand      income tax
9.185   New Zealand        Misc
                         Parafiscal
                          charges

9.186   Nicaragua       premium tax


9.187   Niger               N/A
9.188   Nigeria             N/A
9.189   North Korea         N/A
9.190   Northern            N/A
        Mariana
        Islands
9.191   Norway          Health Care
                        Tax (Motor)


9.192   Oman                N/A
9.193   Pakistan            N/A
9.194   Palestine           N/A
9.195   Palmyra Atoll       N/A
9.196   Panama              N/A
9.197   Papua New       income tax
        Guinea

9.198   Paraguay        withholding
                            tax

9.199   Peru             Financial
                        Transaction
                            tax

9.200   Peru            withholding
                            tax

9.201   Philippines        N/A
9.202   Poland             N/A
9.203   Portugal (inc   Emergency
        dependencies)     Fund

9.204   Portugal (inc   fire brigade
        dependencies)      charge

9.205   Portugal (inc     Motor
        dependencies)  Guarantee
                          Fund
9.206   Portugal (inc   Insurance
        dependencies) Institute levy

9.207   Portugal (inc    FUNDAC
        dependencies)
9.208   Portugal (inc     SIPAC /
        dependencies)    FUNDAC
9.209   Portugal (inc   stamp duty
        dependencies)

9.210   Puerto Rico         N/A
9.211   Qatar               N/A
9.212   Republic of        N/A
        Yemen
9.213   Reunion           Misc
                        Parafiscal
                         charges

9.214   Reunion        premium tax




9.215   Reunion        Nat Cat levy


9.216   Romania         Insureds
                       Protection
                          Fund

9.217   Russian            N/A
        Federation
9.218   Rwanda             N/A
9.219   Saint             Misc
        Barthelemy      Parafiscal
                         charges

9.220   Saint          premium tax
        Barthelemy


9.221   Saint          Nat Cat levy
        Barthelemy

9.222   Saint Martin      Misc
                        Parafiscal
                         charges

9.223   Saint Martin   premium tax




9.224   Saint Martin   Nat Cat levy


9.225   Samoa          withholding
                           tax

9.226   Saudi Arabia   income tax


9.227   Senegal            N/A
9.228   Serbia and         N/A
        Montenegro
9.229   Seychelles          N/A
9.230   Sierra Leone        N/A
9.231   Singapore           N/A
9.232   Slovakia            N/A
9.233   Slovenia       fire brigade
                          charge
9.234   Slovenia        premium tax


9.235   Solomon         withholding
        Islands             tax

9.236   Somalia              N/A
9.237   South Africa         N/A
9.238   South Korea          N/A
9.239   Spain (inc      fire brigade
        dependencies)      charge

9.240   Spain (inc       Consorcio
        dependencies)     charge to
                           fund the
                         liquidation
                        of insurance
                         companies
                          (formerly
                            CLEA)

9.241   Spain (inc       Consorcio
        dependencies)      charges
                         (Consorcio
                             de
                        Compensaci
                            on de
                          Suguros)
9.242   Spain (inc      premium tax
        dependencies)

9.243   Sri Lanka            N/A
9.244   St Kitts & Nevis withholding
                            tax

9.245   St Lucia         income tax
9.246   St Lucia        premium tax


9.247   St Vincent       income tax
9.248   St Vincent        Insurance
                           Business
                             Tax

9.249   Sudan                N/A
9.250   Suriname             N/A
9.251   Swaziland            N/A
9.252   Sweden               N/A
9.253   Switzerland     fire brigade
                           charge




9.254   Switzerland      stamp duty




9.255   Syria               N/A
9.256   Taiwan         Reinsurance
                           Tax

9.257   Taiwan         stamp duty


9.258   Tajikistan         N/A
9.259   Tanzania       withholding
                           tax

9.260   Thailand           N/A
9.261   Togo               N/A
9.262   Tonga              N/A
9.263   Trinidad &         N/A
        Tobago
9.264   Tunisia            N/A
9.265   Turkey             N/A
9.266   Turkmenistan       N/A
9.267   Turks and          N/A
        Caicos
9.268   Tuvalu             N/A
9.269   Uganda             N/A
9.270   Ukraine            N/A
9.271   United Arab        N/A
        Emirates
9.272   United         premium tax
        Kingdom

9.273   Uruguay            N/A
9.274   US Virgin      premium tax
        Islands

9.275   US-Illinois    premium tax

9.276   US-Kentucky    premium tax

9.277   Uzbekistan         N/A
9.278   Vanuatu            N/A
9.279   Venezuela          N/A
9.280   Vietnam            N/A
9.281   Wake Island        N/A
9.282   Wallis and         N/A
        Futuna
9.283   Wallis and         N/A
        Futuna
9.284   Wallis and     Nat Cat levy
        Futuna

9.285   Zambia             N/A
9.286   Zimbabwe           N/A
ess the latest rate position on Taxes please use the following link to access Lloyd's Taxation Department pages on Lloyds.com:

                                         Lloyd's Taxation Department - Taxation Rates

a presentation is in respect of an accounting submission covering more than one tax territory, sufficient supporting information must be
d to enable Tax liabilities to be determined for each territory.
 Tax checks please follow the link "A&S Publications" in the MRPO web site.



                      Check


                      No tax should be deducted, if tax is shown please refer to the taxation department.
                      No tax should be deducted, if tax is shown please refer to the taxation department.
                      No tax should be deducted, if tax is shown please refer to the taxation department.
                      No tax should be deducted, if tax is shown please refer to the taxation department.

                      No tax should be deducted, if tax is shown please refer to the taxation department.
                      No tax should be deducted, if tax is shown please refer to the taxation department.
                      No tax should be deducted, if tax is shown please refer to the taxation department.
                      No tax should be deducted, if tax is shown please refer to the taxation department.
                      1. If the premium falls within the definition of taxable premium check that the slip provides for the Remittance Tax at the correct
                      rate and is shown on the slip under "Taxes payable by underwriter(s)".
                      2. Check that the correct amount of Remittance Tax has been deducted from the net premium and shown in box 20 of the LPAN.
                      1. If the premium falls within the definition of taxable premium check that the slip provides for the Insurance Levy at the correct
                      rate and is shown on the slip under "Taxes payable by underwriter(s)".
                      2. Check that the correct amount of Insurance Levy has been deducted from the net premium and shown in box 20 of the LPAN.
                      No tax should be deducted, if tax is shown please refer to the taxation department.
                      1. If the premium falls within the definition of taxable premium check that the slip provides for the income tax at the correct rate
                      and that Fire Service Levies are included as part of the taxable premium.
                      2. If there is an Australian broker of reinsured check that the correct amount of income tax has been deducted from the net
                      premium and shown in box 20 of the LPAN.
                      If a proportion of the premium falls within the definition of a New South Wales risk check that the amount of New South Wales
                      premium is advised on the slip.

                      1. If the premium falls within the definition of a taxable premium check that the fire brigade charge has been apportioned correctly
                      between underwriter and insured, and that the correct amount or the correct rate applicable, is shown on the slip under "Taxes
                      payable by underwriter(s)" and under "Taxes payable by (Re) insured and administered by underwriters".
                      2. Check that the correct amount of fire brigade charge payable by the insured has been added to the net premium and is shown
                      in box 17 of the LPAN.
                      1. If premium falls within the definition of taxable premium check that the correct amount of premium tax, or the correct rate
                      applicable, is shown on the slip under "Taxes payable by (Re) insured and administered by underwriters".
                      2. Check that the correct amount of premium tax has been added to the net premium and is shown in box 17 of the LPAN.
                      No tax should be deducted, if tax is shown please refer to the taxation department.
                      1. If the premium falls within the definition of taxable premium check that the slip provides for the premium tax at the correct rate
                      and is shown on the slip under "Taxes payable by underwriter(s)".
                      2. If the business is via a local broker check that the correct amount of tax is deducted from the net premium and shown in Box 20
                      of the LPAN. 3. If there is no local broker check that no premium tax is deducted (as it will be collected via the CTS by LTD).
                      No tax should be deducted, if tax is shown please refer to the taxation department.
                      No tax should be deducted, if tax is shown please refer to the taxation department.
                      No tax should be deducted, if tax is shown please refer to the taxation department.
                      1. If the premium falls within the definition of taxable premium check that the slip provides for the income tax at the correct rate
                      and is shown on the slip under "Taxes payable by underwriter(s)".
                      2. Check that the correct amount of income tax has been deducted from the net premium and shown in box 20 of the LPAN.
                      No tax should be deducted, if tax is shown please refer to the taxation department.
If the premium is received through a Belgium intermediary who holds a full binding authority check income tax has been noted as
a cost to the underwriter on the slip under "Taxes payable by underwriter(s)" and that the correct amount of income tax has been
deducted from the net premium and shown in box 20 of the LPAN.
1. If the premium falls within the definition of taxable premium check that the slip provides for the National Institute for Health
Disability at the correct rate as appropriate under "Taxes payable by underwriter(s)" and "Taxes payable by (Re) insured and
administered by underwriters".
2. Where there is a local coverholder or broker check that the correct amount of National Institute for Health Disability payable by
underwriters has been deducted from the net premium and shown in box 20 of the LPAN and in the case where there is no local
coverholder or broker that the correct amount of National Institute for Health Disability payable by the insured has been added to
the net premium and shown in box 17 of the LPAN.
1. If there is a local coverholder or broker there is no requirement to check premium tax otherwise the following checks apply: If
the premium falls within the definition of a taxable premium, check that the correct amount of premium tax or the correct rate
applicable, is shown on the slip under "taxes payable by the insured and administered by the underwriter".
2. Check that the correct amount of premium tax has been added to the net premium and is shown in box 17 of the LPAN.
No tax should be deducted, if tax is shown please refer to the taxation department.
No tax should be deducted, if tax is shown please refer to the taxation department.
1. If the premium falls within the definition of taxable premium check that the slip provides for the stamp duty at the correct rate.
2. Check that the correct amount of stamp duty has been deducted from the net premium and shown in box 20 of the LPAN.
No tax should be deducted, if tax is shown please refer to the taxation department.
1. If the premium falls within the definition of taxable premium check that the slip provides for the Remittance Tax at the correct
rate.
2. Check that the correct amount of Remittance Tax has been deducted from the net premium and shown in box 20 of the LPAN.
No tax should be deducted, if tax is shown please refer to the taxation department.

No tax should be deducted, if tax is shown please refer to the taxation department.
1. If the premium falls within the definition of taxable premium check that the slip provides for the Remittance Tax at the correct
rate and is shown on the slip under "Taxes payable by underwriter(s)".
2. Check that the correct amount of Remittance Tax has been deducted from the net premium and shown in box 20 of the LPAN.
No tax should be deducted, if tax is shown please refer to the taxation department.

No tax should be deducted, if tax is shown please refer to the taxation department.
No tax should be deducted, if tax is shown please refer to the taxation department.
No tax should be deducted, if tax is shown please refer to the taxation department.
No tax should be deducted, if tax is shown please refer to the taxation department.
1. If the premium falls within the definition of taxable premium check that the slip provides for the withholding tax at the correct
rate and is shown on the slip under "Taxes payable by underwriter(s)".
2. Check that the correct amount of withholding tax has been deducted from the net premium and shown in box 20 of the LPAN.
No tax should be deducted, if tax is shown please refer to the taxation department.
1. If the premium falls within the definition of a taxable premium check that the correct amount of Provincial premium tax, or the
correct rate applicable, is shown on the slip under "Taxes payable by underwriter(s)".
2. Check that Provincial premium tax has not been deducted from the premium.
1. Check that the premium falls within the definition of a taxable premium, and that the correct amount of RST, or the correct rate
applicable, is shown on the slip under "taxes payable by the insured and administered by the underwriter".
2. Check that the correct amount of RST has been added to the net premium and is shown in box 17 of the LPAN.
If the premium falls within the definition of a taxable premium check that Direct Assured Excise tax form is completed.
No tax should be deducted, if tax is shown please refer to the taxation department.

1. If the premium falls within the definition of taxable premium check that the slip provides for the stamp duty at the correct rate
and is shown on the slip under "Taxes payable by underwriter(s)".
2. Check that the correct amount of stamp duty has been deducted from the net premium and shown in box 20 of the LPAN.
No tax should be deducted, if tax is shown please refer to the taxation department.

No tax should be deducted, if tax is shown please refer to the taxation department.
1. If the premium falls within the definition of taxable premium check that the slip provides for the Special Offshore Tax at the
correct rate and is shown on the slip under "Taxes payable by underwriter(s)".
2. Check that the correct amount of Special Offshore Tax has been deducted from the net premium and shown in box 20 of the
LPAN.
1. If the premium falls within the definition of taxable premium check that the slip provides for the withholding tax at the correct
rate and is shown on the slip under "Taxes payable by underwriter(s)".
2. Check that the correct amount of withholding tax has been deducted from the net premium and shown in box 20 of the LPAN.
No tax should be deducted, if tax is shown please refer to the taxation department.
No tax should be deducted, if tax is shown please refer to the taxation department.
No tax should be deducted, if tax is shown please refer to the taxation department.

No tax should be deducted, if tax is shown please refer to the taxation department.
1. If the premium falls within the definition of taxable premium check that the slip provides for the withholding tax at the correct
rate and is shown on the slip under "Taxes payable by underwriter(s)".
2. Check that the correct amount of withholding tax has been deducted from the net premium and shown in box 20 of the LPAN.
No tax should be deducted, if tax is shown please refer to the taxation department.
No tax should be deducted, if tax is shown please refer to the taxation department.
No tax should be deducted, if tax is shown please refer to the taxation department.
1. If there is a local coverholder there is no requirement to check stamp duty otherwise the following checks apply: If the premium
falls within the definition of a taxable premium, check that the correct amount of stamp duty, or the correct rate applicable, is
shown on the slip under "taxes payable by the insured and administered by the underwriter".
2. Check that the correct amount of stamp duty has been added to the net premium and is shown in box 17 of the LPAN.
No tax should be deducted, if tax is shown please refer to the taxation department.

No tax should be deducted, if tax is shown please refer to the taxation department.



No tax should be deducted, if tax is shown please refer to the taxation department.
No tax should be deducted, if tax is shown please refer to the taxation department.
Check income tax has been noted as a cost to the underwriter on the slip under "Taxes payable by underwriter(s)"
1. If the premium falls within the definition of taxable premium check that the slip provides for the income tax at the correct rate
and is shown on the slip under "Taxes payable by underwriter(s)".
2. Check that the correct amount of income tax has been deducted from the net premium and shown in box 20 of the LPAN.
1. If the premium falls within the definition of taxable premium check that the slip provides for the premium tax at the correct rate
and is shown on the slip under "Taxes payable by underwriter(s)".
2. Check that the correct amount of premium tax has been deducted from the net premium and shown in box 20 of the LPAN.
1. If the premium falls within the definition of taxable premium check that the slip provides for the Remittance Tax at the correct
rate and is shown on the slip under "Taxes payable by underwriter(s)".
2. Check that the correct amount of Remittance Tax has been deducted from the net premium and shown in box 20 of the LPAN.
No tax should be deducted, if tax is shown please refer to the taxation department.
No tax should be deducted, if tax is shown please refer to the taxation department.
No tax should be deducted, if tax is shown please refer to the taxation department.

No tax should be deducted, if tax is shown please refer to the taxation department.
No tax should be deducted, if tax is shown please refer to the taxation department.
No tax should be deducted, if tax is shown please refer to the taxation department.
No tax should be deducted, if tax is shown please refer to the taxation department.

1. If the premium falls within the definition of taxable premium check that the slip provides for the income tax at the correct rate
and is shown on the slip under "Taxes payable by underwriter(s)".
2. Check that the correct amount of income tax has been deducted from the net premium and shown in box 20 of the LPAN.
1. If the premium falls within the definition of taxable premium check that the slip provides for the withholding tax at the correct
rate and is shown on the slip under "Taxes payable by underwriter(s)".
2. Check that the correct amount of withholding tax has been deducted from the net premium and shown in box 20 of the LPAN.
1. If premium falls within the definition of taxable premium check that the correct amount of fire brigade charge, or the correct rate
applicable, is shown on the slip under "Taxes payable by (Re) insured and administered by underwriters".
2. Check that the correct amount of fire brigade charge has been added to the net premium and is shown in box 17 of the LPAN.
1. If premium falls within the definition of premium taxable premium check that the correct amount of premium tax, or the correct
rate applicable, is shown on the slip under "Taxes payable by (Re) insured and administered by underwriters".
2. Check that the correct amount of premium tax has been added to the net premium and is shown in box 17 of the LPAN.
Check income tax has been noted as a cost to the underwriter on the slip under "Taxes payable by underwriter(s)"
If the premium falls within the definition of taxable premium check that the correct amount of nat cat levy or the correct rate
applicable is shown on the slip under "Taxes payable by underwriter(s)". Where there is a local coverholder check that the correct
amount of nat cat levy has been deducted from the net premium and shown in box 20 of the LPAN.
1. If there is a local coverholder there is no requirement to check tax otherwise the following checks apply: If the premium falls
within the definition of a taxable premium, check that the correct amount of Parafiscal charges or the correct rate applicable, is
shown on the slip under "taxes payable by the insured and administered by the underwriter".
2. Check that the correct amount of Parafiscal charges has been added to the net premium and is shown in box 17 of the LPAN.
1. If there is a local coverholder there is no requirement to check premium tax otherwise the following checks apply: If the
premium falls within the definition of a taxable premium, check that the correct amount of premium tax or the correct rate
applicable, is shown on the slip under "taxes payable by the insured and administered by the underwriter".
2. Check that the correct amount of premium tax has been added to the net premium and is shown in box 17 of the LPAN.
1. If there is a local coverholder there is no requirement to check tax otherwise the following checks apply: If the premium falls
within the definition of a taxable premium, check that the correct amount of tax or the correct rate applicable, is shown on the slip
under "taxes payable by the insured and administered by the underwriter".
2. Check that the correct amount of tax has been added to the net premium and is shown in box 17 of the LPAN.
1. If there is a local coverholder there is no requirement to check premium tax otherwise the following checks apply: If the
premium falls within the definition of a taxable premium, check that the correct amount of premium tax or the correct rate
applicable, is shown on the slip under "taxes payable by the insured and administered by the underwriter".
2. Check that the correct amount of premium tax has been added to the net premium and is shown in box 17 of the LPAN.
If the premium falls within the definition of taxable premium check that the correct amount of nat cat levy or the correct rate
applicable is shown on the slip under "Taxes payable by underwriter(s)". Where there is a local coverholder check that the correct
amount of nat cat levy has been deducted from the net premium and shown in box 20 of the LPAN.
1. If the premium falls within the definition of a taxable premium check that the correct amount of Insurance Tax, or the correct
rate applicable, is shown on the slip under "Taxes payable by underwriter(s)".
2. Where there is a local coverholder or broker check that the correct amount of Insurance Tax has been deducted from the net
premium and is shown in box 20 of the LPAN.
1. If there is a local coverholder or broker there is no requirement to check premium tax otherwise the following checks apply: If
the premium falls within the definition of a taxable premium, check that the correct amount of premium tax or the correct rate
applicable, is shown on the slip under "taxes payable by the insured and administered by the underwriter".
2. Check that the correct amount of premium tax has been added to the net premium and is shown in box 17 of the LPAN.
Check profits tax has been noted as a cost to the underwriter on the slip under "Taxes payable by underwriter(s)"

No tax should be deducted, if tax is shown please refer to the taxation department.
No tax should be deducted, if tax is shown please refer to the taxation department.
1. If the premium falls within the definition of taxable premium check that the slip provides for the withholding tax at the correct
rate and is shown on the slip under "Taxes payable by underwriter(s)".
2. Check that the correct amount of withholding tax has been deducted from the net premium and shown in box 20 of the LPAN.
1. If there is a local coverholder and the premium falls within the definition of a taxable premium, check that the correct amount of
fire brigade charge has been agreed on the slip, has been deducted and shown in box 20 of the LPAN. If there is no local
coverholder and if the premium falls within the definition of a taxable premium, check that the correct amount of fire brigade
charge or the correct rate applicable, is shown on the slip under "Taxes payable by underwriter(s)".
1. If there is a local coverholder there is no requirement to check tax otherwise the following checks apply: If premium falls within
the definition of taxable premium check that the correct amount of premium tax, or the correct rate applicable, is shown on the slip
under "Taxes payable by (Re) insured and administered by underwriters".
2. Check that the correct amount of premium tax has been added to the net premium and is shown in box 17 of the LPAN.
No tax should be deducted, if tax is shown please refer to the taxation department.
No tax should be deducted, if tax is shown please refer to the taxation department.
1. If the premium falls within the definition of taxable premium check that the slip provides for the Auxiliary Fund (Motor) at the
correct rate as appropriate under "Taxes payable by underwriter(s)".
2. Check that the correct amount of Auxiliary Fund (Motor) has been deducted from the net premium and shown in box 20 of the
LPAN.
1. If the premium falls within the definition of a taxable premium check that the correct amount of Insurance employees pension
fund, or the correct rate applicable, is shown on the slip under "Taxes payable by underwriter(s)".
2. Check that the correct amount of Insurance employees pension fund has been deducted from the net premium and is shown in
box 20 of the LPAN.
1. If there is a local coverholder there is no requirement to check premium tax otherwise the following checks apply: If the
premium falls within the definition of a taxable premium, check that the correct amount of premium tax or the correct rate
applicable, is shown on the slip under "taxes payable by the insured and administered by the underwriter".
2. Check that the correct amount of premium tax has been added to the net premium and is shown in box 17 of the LPAN.
1. Check that if there is a local coverholder and if the premium falls within the definition of a taxable premium, that the correct
amount of MIB levy or the correct rate applicable, is shown on the slip under "Taxes payable by underwriter(s)".
2. Check that the correct amount of MIB Levy has been deducted from the net premium and shown in box 20 of the LPAN.
1. If there is a local coverholder there is no requirement to check stamp duty otherwise the following checks apply: If the premium
falls within the definition of a taxable premium, check that the correct amount of stamp duty, or the correct rate applicable, is
shown on the slip under "taxes payable by the insured and administered by the underwriter".
2. Check that the correct amount of stamp duty has been added to the net premium and is shown in box 17 of the LPAN.
No tax should be deducted, if tax is shown please refer to the taxation department.
1. If there is a local coverholder there is no requirement to check tax otherwise the following checks apply: If the premium falls
within the definition of a taxable premium, check that the correct amount of tax or the correct rate applicable, is shown on the slip
under "taxes payable by the insured and administered by the underwriter".
2. Check that the correct amount of tax has been added to the net premium and is shown in box 17 of the LPAN.
1. If there is a local coverholder there is no requirement to check premium tax otherwise the following checks apply: If the
premium falls within the definition of a taxable premium, check that the correct amount of premium tax or the correct rate
applicable, is shown on the slip under "taxes payable by the insured and administered by the underwriter".
2. Check that the correct amount of premium tax has been added to the net premium and is shown in box 17 of the LPAN.
If the premium falls within the definition of taxable premium check that the correct amount of nat cat levy or the correct rate
applicable is shown on the slip under "Taxes payable by underwriter(s)". Where there is a local coverholder check that the correct
amount of nat cat levy has been deducted from the net premium and shown in box 20 of the LPAN.
1. If the premium falls within the definition of taxable premium check that the slip provides for the Gross Receipts Tax at the
correct rate and is shown on the slip under "Taxes payable by underwriter(s)".
2. Check that the correct amount of Gross Receipts Tax has been deducted from the net premium and shown in box 20 of the
LPAN.
1. If the premium falls within the definition of taxable premium check that the slip provides for the income tax at the correct rate
and is shown on the slip under "Taxes payable by underwriter(s)".
2. Check that the correct amount of income tax has been deducted from the net premium and shown in box 20 of the LPAN.
No tax should be deducted, if tax is shown please refer to the taxation department.
No tax should be deducted, if tax is shown please refer to the taxation department.
No tax should be deducted, if tax is shown please refer to the taxation department.
1. If the premium falls within the definition of taxable premium check that the slip provides for the withholding tax at the correct
rate and is shown on the slip under "Taxes payable by underwriter(s)".
2. Check that the correct amount of withholding tax has been deducted from the net premium and shown in box 20 of the LPAN.
1. If the premium falls within the definition of taxable premium check that the slip provides for the income tax at the correct rate
and is shown on the slip under "Taxes payable by underwriter(s)".
2. Check that the correct amount of income tax has been deducted from the net premium and shown in box 20 of the LPAN.
No tax should be deducted, if tax is shown please refer to the taxation department.
Check income tax has been noted as a cost to the underwriter on the slip under "Taxes payable by underwriter(s)"
No tax should be deducted, if tax is shown please refer to the taxation department.

No tax should be deducted, if tax is shown please refer to the taxation department.
No tax should be deducted, if tax is shown please refer to the taxation department.
No tax should be deducted, if tax is shown please refer to the taxation department.
No tax should be deducted, if tax is shown please refer to the taxation department.
No tax should be deducted, if tax is shown please refer to the taxation department.
No tax should be deducted, if tax is shown please refer to the taxation department.
1. If the premium falls within the definition of a taxable premium check that the correct amount of Levy, or the correct rate
applicable, is shown on the slip under "Taxes payable by (Re) insured and administered by underwriters".
2. Check that the correct amount of Levy has been added to the net premium and is shown in box 17 of the LPAN.
1. If premium falls within the definition of taxable premium check that the correct amount of stamp duty, or the correct rate
applicable, is shown on the slip under "Taxes payable by underwriter(s)".
No tax should be deducted, if tax is shown please refer to the taxation department.
Check income tax has been noted as a cost to the underwriter on the slip under "Taxes payable by underwriter(s)"
1. If premium falls within the definition of taxable premium check that the correct amount of parafiscal charge(s), or the correct
rate applicable, is shown on the slip under "Taxes payable by (Re) insured and administered by underwriters".
2. Check that the correct amount of parafiscal charge(s) has been added to the net premium and is shown in box 17 of the LPAN.
1. If premium falls within the definition of taxable premium check that the correct amount of premium tax, or the correct rate
applicable, is shown on the slip under "Taxes payable by (Re) insured and administered by underwriters".
2. Check that the correct amount of premium tax has been added to the net premium and is shown in box 17 of the LPAN.
No tax should be deducted, if tax is shown please refer to the taxation department.
1. If the premium falls within the definition of taxable premium check that the slip provides for the parafiscal charge(s) at the
correct rate and is shown on the slip under "Taxes payable by underwriter(s)".
2. Check that the correct amount of parafiscal charge(s) has been deducted from the net premium and shown in box 20 of the
LPAN.
No tax should be deducted, if tax is shown please refer to the taxation department.
No tax should be deducted, if tax is shown please refer to the taxation department.
No tax should be deducted, if tax is shown please refer to the taxation department.
No tax should be deducted, if tax is shown please refer to the taxation department.
No tax should be deducted, if tax is shown please refer to the taxation department.
1. If the premium falls within the definition of taxable premium check that the slip provides for the premium tax at the correct rate
and is shown on the slip under "Taxes payable by underwriter(s)".
2. Check that the correct amount of premium tax has been deducted from the net premium and shown in box 20 of the LPAN.
1. If the premium falls within the definition of taxable premium check that the slip provides for the Reinsurance premium tax at the
correct rate. 2. Check that the correct amount of Reinsurance premium tax has been deducted from the net premium and shown
in box 20 of the LPAN.
No tax should be deducted, if tax is shown please refer to the taxation department.
No tax should be deducted, if tax is shown please refer to the taxation department.
No tax should be deducted, if tax is shown please refer to the taxation department.
1. If the premium falls within the definition of taxable premium check that the slip provides for the withholding tax at the correct
rate and is shown on the slip under "Taxes payable by underwriter(s)".
2. Check that the correct amount of withholding tax has been deducted from the net premium and shown in box 20 of the LPAN.
No tax should be deducted, if tax is shown please refer to the taxation department.
No tax should be deducted, if tax is shown please refer to the taxation department.
No tax should be deducted, if tax is shown please refer to the taxation department.
1. If the premium falls within the definition of taxable premium check that the slip provides for the withholding tax at the correct
rate and is shown on the slip under "Taxes payable by underwriter(s)".
2. Check that the correct amount of withholding tax has been deducted from the net premium and shown in box 20 of the LPAN.
No tax should be deducted, if tax is shown please refer to the taxation department.
No tax should be deducted, if tax is shown please refer to the taxation department.
No tax should be deducted, if tax is shown please refer to the taxation department.
1. If there is a local coverholder or broker there is no requirement to check stamp duty otherwise the following checks apply: If
premium falls within the definition of taxable premium check that the correct amount of stamp duty, or the correct rate applicable,
is shown on the slip under "Taxes payable by (Re) insured and administered by underwriters".
2. Check that stamp duty has not been added to the net premium (It will be collected from brokers by Lloyd's Swiss office).
No tax should be deducted, if tax is shown please refer to the taxation department.
1. If the premium falls within the definition of a taxable premium check that the correct amount of fire brigade charge, or the
correct rate applicable, is shown on the slip under "Taxes payable by underwriter(s)".
2. Check that no reference is made to fire brigade charge on the LPAN (this is a charge on underwriters).
1. If premium falls within the definition of taxable premium check that the correct amount of premium tax, or the correct rate
applicable, is shown on the slip under "Taxes payable by (Re) insured and administered by underwriters".
2. Check that the correct amount of premium tax has been added to the net premium and is shown in box 17 of the LPAN.
No tax should be deducted, if tax is shown please refer to the taxation department.
No tax should be deducted, if tax is shown please refer to the taxation department.
No tax should be deducted, if tax is shown please refer to the taxation department.
No tax should be deducted, if tax is shown please refer to the taxation department.
If the premium falls within the definition of taxable premium check that the slip provides for the Corporate Tax at the correct rate
and is shown on the slip under "Taxes payable by underwriter(s)". Check that the correct amount of Corporate Tax has been
deducted from the net premium and shown in box 20 of the LPAN.
No tax should be deducted, if tax is shown please refer to the taxation department.
No tax should be deducted, if tax is shown please refer to the taxation department.
Check income tax has been noted as a cost to the underwriter on the slip under "Taxes payable by underwriter(s)"
1. If the premium falls within the definition of a taxable premium check that the correct amount of Parafiscal charges, or the correct
rate applicable, is shown on the slip under "Taxes payable by underwriter(s)".
1. If there is a local coverholder or broker there is no requirement to check stamp duty otherwise the following checks apply: If
premium falls within the definition of taxable premium check that the correct amount of stamp duty, or the correct rate applicable,
is shown on the slip under "Taxes payable by (Re) insured and administered by underwriters".
2. Check that the correct amount of stamp duty has been added to the net premium and is shown in box 17 of the LPAN.
1. If there is a local coverholder or broker there is no requirement to check Parafiscal charges otherwise the following checks
apply: If the premium falls within the definition of a taxable premium, check that the correct amount of Parafiscal charges or the
correct rate applicable, is shown on the slip under "taxes payable by the insured and administered by the underwriter".
2. Check that the correct amount of Parafiscal charges has been added to the net premium and is shown in box 17 of the LPAN.
1. If there is a local coverholder or broker there is no requirement to check premium tax otherwise the following checks apply: If
the premium falls within the definition of a taxable premium, check that the correct amount of premium tax or the correct rate
applicable, is shown on the slip under "taxes payable by the insured and administered by the underwriter".
2. Check that the correct amount of premium tax has been added to the net premium and is shown in box 17 of the LPAN.
1. If there is a local coverholder and the premium falls within the definition of a taxable premium, check that the correct amount of
Nat Cat levy has been agreed on the slip, has been deducted and shown in box 20 of the LPAN. If there is no local coverholder
and if the premium falls within the definition of a taxable premium, check that the correct amount of Nat Cat levy or the correct rate
applicable, is shown on the slip under "Taxes payable by underwriter(s)".
No tax should be deducted, if tax is shown please refer to the taxation department.
No tax should be deducted, if tax is shown please refer to the taxation department.
No tax should be deducted, if tax is shown please refer to the taxation department.
No tax should be deducted, if tax is shown please refer to the taxation department.

No tax should be deducted, if tax is shown please refer to the taxation department.
If there is a local coverholder and the premium falls within the definition of a taxable premium, check that the correct amount of
Additional fire charge has been agreed on the slip, has been deducted and shown in box 20 of the LPAN. If there is no local
coverholder and if the premium falls within the definition of a taxable premium, check that the correct amount of Additional fire
charge or the correct rate applicable, is shown on the slip under "Taxes payable by underwriter(s)".
1. If the premium falls within the definition of a taxable premium, check that the correct amount of Disability charges or the correct
rate applicable, is shown on the slip under "taxes payable by the insured and administered by the underwriter".
2. Check that the correct amount of Disability charges has been added to the net premium and is shown in box 17 of the LPAN.
1. If there is a local coverholder there is no requirement to check premium tax otherwise the following checks apply: If the
premium falls within the definition of a taxable premium, check that the correct amount of premium tax or the correct rate
applicable, is shown on the slip under "taxes payable by the insured and administered by the underwriter".
2. Check that the correct amount of premium tax has been added to the net premium and is shown in box 17 of the LPAN.
No tax should be deducted, if tax is shown please refer to the taxation department.
No tax should be deducted, if tax is shown please refer to the taxation department.
No tax should be deducted, if tax is shown please refer to the taxation department.
No tax should be deducted, if tax is shown please refer to the taxation department.
No tax should be deducted, if tax is shown please refer to the taxation department.
1. If the premium falls within the definition of taxable premium check that the slip provides for the withholding tax at the correct
rate and is shown on the slip under "Taxes payable by underwriter(s)".
2. Check that the correct amount of withholding tax has been deducted from the net premium and shown in box 20 of the LPAN.
No tax should be deducted, if tax is shown please refer to the taxation department.
No tax should be deducted, if tax is shown please refer to the taxation department.

If the premium falls within the definition of taxable premium check that the slip provides for the Advance tax at the correct rate and
is shown on the slip under "Taxes payable by underwriter(s)". Check that the correct amount of Advance tax has been deducted
from the net premium and shown in box 20 of the LPAN.
1. If the premium falls within the definition of taxable premium check that the slip provides for the Insurance Board Tax at the
correct rate and is shown on the slip under "Taxes payable by underwriter(s)".
2. Check that the correct amount of Insurance Board Tax has been deducted from the net premium and shown in box 20 of the
LPAN.
1. If there is a local coverholder or broker there is no requirement to check premium tax otherwise the following checks apply: If
the premium falls within the definition of a taxable premium, check that the correct amount of premium tax or the correct rate
applicable, is shown on the slip under "taxes payable by the insured and administered by the underwriter".
2. Check that the correct amount of premium tax has been added to the net premium and is shown in box 17 of the LPAN.
No tax should be deducted, if tax is shown please refer to the taxation department.

No tax should be deducted, if tax is shown please refer to the taxation department.

1. Check income tax has been noted as a cost to the underwriter on the slip under "Taxes payable by underwriter(s)"
2. Check that the correct amount of income tax has been deducted from the net premium and shown in box 20 of the LPAN.
1. If the premium falls within the definition of taxable premium check that the slip provides for the Parafiscal charges at the correct
rate and is shown on the slip under "Taxes payable by underwriter(s)".
 2. Check that the correct amount of Parafiscal charges has been deducted from the net premium and shown in box 20 of the
LPAN.
1. If the premium falls within the definition of taxable premium check that the slip provides for the premium tax at the correct rate
and is shown on the slip under "Taxes payable by underwriter(s)".
2. Check that the correct amount of premium tax has been deducted from the net premium and shown in box 20 of the LPAN.
No tax should be deducted, if tax is shown please refer to the taxation department.
No tax should be deducted, if tax is shown please refer to the taxation department.
No tax should be deducted, if tax is shown please refer to the taxation department.
No tax should be deducted, if tax is shown please refer to the taxation department.



1. If the premium falls within the definition of taxable premium check that the slip provides for the Health Care Tax (Motor) at the
correct rate and is shown on the slip under "Taxes payable by underwriter(s)".
2. Check that the correct amount of Health Care Tax (Motor) has been deducted from the net premium and shown in box 20 of
the LPAN.
No tax should be deducted, if tax is shown please refer to the taxation department.
No tax should be deducted, if tax is shown please refer to the taxation department.
No tax should be deducted, if tax is shown please refer to the taxation department.
No tax should be deducted, if tax is shown please refer to the taxation department.
No tax should be deducted, if tax is shown please refer to the taxation department.
1. If the premium falls within the definition of taxable premium check that the slip provides for the income tax at the correct rate
and is shown on the slip under "Taxes payable by underwriter(s)".
2. Check that the correct amount of income tax has been deducted from the net premium and shown in box 20 of the LPAN.
1. If the premium falls within the definition of taxable premium check that the slip provides for the withholding tax at the correct
rate and is shown on the slip under "Taxes payable by underwriter(s)".
 2. Check that the correct amount of withholding tax has been deducted from the net premium and shown in box 20 of the LPAN.
1. If the premium falls within the definition of taxable premium check that the slip provides for the Financial Transaction tax at the
correct rate and is shown on the slip under "Taxes payable by underwriter(s)".
2. Check that the correct amount of Financial Transaction tax has been deducted from the net premium and shown in box 20 of
the LPAN.
1. If the premium falls within the definition of taxable premium check that the slip provides for the withholding tax at the correct
rate and is shown on the slip under "Taxes payable by underwriter(s)".
2. Check that the correct amount of withholding tax has been deducted from the net premium and shown in box 20 of the LPAN.
No tax should be deducted, if tax is shown please refer to the taxation department.
No tax should be deducted, if tax is shown please refer to the taxation department.
1. If premium falls within the definition of taxable premium check that the correct amount of Emergency Fund, or the correct rate
applicable, is shown on the slip under "Taxes payable by (Re) insured and administered by underwriters".
2. Check that the correct amount of Emergency Fund has been added to the net premium and is shown in box 17 of the LPAN.
1. If premium falls within the definition of taxable premium check that the correct amount of fire brigade charge, or the correct rate
applicable, is shown on the slip under "Taxes payable by (Re) insured and administered by underwriters".
2. Check that the correct amount of fire brigade charge has been added to the net premium and is shown in box 17 of the LPAN.
1. If the premium falls within the definition of a taxable premium check that the correct amount of Motor Guarantee Fund , or the
correct rate applicable, is shown on the slip under "Taxes payable by underwriter(s)".

1. If the premium falls within the definition of a taxable premium check that the correct amount of Insurance Institute levy, or the
correct rate applicable, is shown on the slip under "Taxes payable by underwriter(s)".

1. If the premium falls within the definition of a taxable premium check that the correct amount of FUNDAC, or the correct rate
applicable, is shown on the slip under "Taxes payable by underwriter(s)".
1. If the premium falls within the definition of a taxable premium check that the correct amount of Agricultural Compensation Fund
and SIPAC , or the correct rate applicable, is shown on the slip under "Taxes payable by underwriter(s)".
1. If premium falls within the definition of taxable premium check that the correct amount of stamp duty, or the correct rate
applicable, is shown on the slip under "Taxes payable by (Re) insured and administered by underwriters".
2. Check that the correct amount of stamp duty has been added to the net premium and is shown in box 17 of the LPAN.
No tax should be deducted, if tax is shown please refer to the taxation department.
No tax should be deducted, if tax is shown please refer to the taxation department.
No tax should be deducted, if tax is shown please refer to the taxation department.

1. If there is a local coverholder there is no requirement to check tax otherwise the following checks apply: If the premium falls
within the definition of a taxable premium, check that the correct amount of Parafiscal charges or the correct rate applicable, is
shown on the slip under "taxes payable by the insured and administered by the underwriter".
2. Check that the correct amount of Parafiscal charges has been added to the net premium and is shown in box 17 of the LPAN.
1. If there is a local coverholder there is no requirement to check premium tax otherwise the following checks apply: If the
premium falls within the definition of a taxable premium, check that the correct amount of premium tax or the correct rate
applicable, is shown on the slip under "taxes payable by the insured and administered by the underwriter".
2. Check that the correct amount of premium tax has been added to the net premium and is shown in box 17 of the LPAN.
If the premium falls within the definition of taxable premium check that the correct amount of nat cat levy or the correct rate
applicable is shown on the slip under "Taxes payable by underwriter(s)". Where there is a local coverholder check that the correct
amount of nat cat levy has been deducted from the net premium and shown in box 20 of the LPAN.
1. If the premium falls within the definition of taxable premium check that the slip provides for the Insureds Protection Fund at the
correct rate and is shown on the slip under "Taxes payable by underwriter(s)".
2. Check that the correct amount of Insureds Protection Fund has been deducted from the net premium and shown in box 20 of
the LPAN.
No tax should be deducted, if tax is shown please refer to the taxation department.

No tax should be deducted, if tax is shown please refer to the taxation department.
1. If there is a local coverholder there is no requirement to check tax otherwise the following checks apply: If the premium falls
within the definition of a taxable premium, check that the correct amount of Parafiscal charges or the correct rate applicable, is
shown on the slip under "taxes payable by the insured and administered by the underwriter".
2. Check that the correct amount of Parafiscal charges has been added to the net premium and is shown in box 17 of the LPAN.
1. If there is a local coverholder there is no requirement to check premium tax otherwise the following checks apply: If the
premium falls within the definition of a taxable premium, check that the correct amount of premium tax or the correct rate
applicable, is shown on the slip under "taxes payable by the insured and administered by the underwriter".
2. Check that the correct amount of premium tax has been added to the net premium and is shown in box 17 of the LPAN.
If the premium falls within the definition of taxable premium check that the correct amount of nat cat levy or the correct rate
applicable is shown on the slip under "Taxes payable by underwriter(s)". Where there is a local coverholder check that the correct
amount of nat cat levy has been deducted from the net premium and shown in box 20 of the LPAN.
1. If there is a local coverholder there is no requirement to check tax otherwise the following checks apply: If the premium falls
within the definition of a taxable premium, check that the correct amount of Parafiscal charges or the correct rate applicable, is
shown on the slip under "taxes payable by the insured and administered by the underwriter".
2. Check that the correct amount of Parafiscal charges has been added to the net premium and is shown in box 17 of the LPAN.
1. If there is a local coverholder there is no requirement to check premium tax otherwise the following checks apply: If the
premium falls within the definition of a taxable premium, check that the correct amount of premium tax or the correct rate
applicable, is shown on the slip under "taxes payable by the insured and administered by the underwriter".
2. Check that the correct amount of premium tax has been added to the net premium and is shown in box 17 of the LPAN.
If the premium falls within the definition of taxable premium check that the correct amount of nat cat levy or the correct rate
applicable is shown on the slip under "Taxes payable by underwriter(s)". Where there is a local coverholder check that the correct
amount of nat cat levy has been deducted from the net premium and shown in box 20 of the LPAN.
1. If the premium falls within the definition of taxable premium check that the slip provides for the withholding tax at the correct
rate and is shown on the slip under "Taxes payable by underwriter(s)".
2. Check that the correct amount of withholding tax has been deducted from the net premium and shown in box 20 of the LPAN.
1. If the premium falls within the definition of taxable premium check that the slip provides for the income tax at the correct rate
and is shown on the slip under "Taxes payable by underwriter(s)". 2. Check that the correct amount of income tax has been
deducted from the net premium and shown in box 20 of the LPAN.
No tax should be deducted, if tax is shown please refer to the taxation department.
No tax should be deducted, if tax is shown please refer to the taxation department.

No tax should be deducted, if tax is shown please refer to the taxation department.
No tax should be deducted, if tax is shown please refer to the taxation department.
No tax should be deducted, if tax is shown please refer to the taxation department.
No tax should be deducted, if tax is shown please refer to the taxation department.
1. If the premium falls within the definition of a taxable premium check that the correct amount of fire brigade charge, or the
correct rate applicable, is shown on the slip under "Taxes payable by underwriter(s)".
1. If premium falls within the definition of taxable premium check that the correct amount of premium tax, or the correct rate
applicable, is shown on the slip under "Taxes payable by (Re) insured and administered by underwriters".
2. Check that the correct amount of premium tax has been added to the net premium and is shown in box 17 of the LPAN.
1. If the premium falls within the definition of taxable premium check that the slip provides for the withholding tax at the correct
rate and is shown on the slip under "Taxes payable by underwriter(s)".
2. Check that the correct amount of withholding tax has been deducted from the net premium and shown in box 20 of the LPAN.
No tax should be deducted, if tax is shown please refer to the taxation department.
No tax should be deducted, if tax is shown please refer to the taxation department.
No tax should be deducted, if tax is shown please refer to the taxation department.
1. If the premium falls within the definition of a taxable premium check that the correct amount of fire brigade charge, or the
correct rate applicable, is shown on the slip under "Taxes payable by underwriter(s)".
2. Check that the insured address is supplied
1. If premium falls within the definition of taxable premium check that the correct amount of the Consorcio charge to fund the
liquidation of insurance companies (formerly CLEA), or the correct rate applicable, is shown on the slip under "Taxes payable by
(Re) insured and administered by underwriters".
2. Check that the correct amount of the Consorcio charge to fund the liquidation of insurance companies (formerly CLEA) has
been added to the net premium and is shown in box 17 of the LPAN.




1. If premium falls within the definition of taxable premium check that the correct amount of the Consorcio charges (Consorcio de
Compensacion de Suguros), or the correct rate applicable, is shown on the slip under "Taxes payable by (Re) insured and
administered by underwriters".
2. Check that the correct amount of the Consorcio charges (Consorcio de Compensacion de Suguros) has been added to the net
premium and is shown in box 17 of the LPAN.



1. If premium falls within the definition of taxable premium check that the correct amount of premium tax, or the correct rate
applicable, is shown on the slip under "Taxes payable by (Re) insured and administered by underwriters".
2. Check that the correct amount of premium tax has been added to the net premium and is shown in box 17 of the LPAN.
No tax should be deducted, if tax is shown please refer to the taxation department.
1. If the premium falls within the definition of taxable premium check that the slip provides for the withholding tax at the correct
rate and is shown on the slip under "Taxes payable by underwriter(s)".
2. Check that the correct amount of withholding tax has been deducted from the net premium and shown in box 20 of the LPAN.
Check income tax has been noted as a cost to the underwriter on the slip under "Taxes payable by underwriter(s)"
1. If the premium falls within the definition of taxable premium check that the slip provides for the premium tax at the correct rate
and is shown on the slip under "Taxes payable by underwriter(s)".
2. Check that the correct amount of premium tax has been deducted from the net premium and shown in box 20 of the LPAN.
Check income tax has been noted as a cost to the underwriter on the slip under "Taxes payable by underwriter(s)"
1. If the premium falls within the definition of taxable premium check that the slip provides for the Insurance Business Tax at the
correct rate and is shown on the slip under "Taxes payable by underwriter(s)".
 2. Check that the correct amount of Insurance Business Tax has been deducted from the net premium and shown in box 20 of
the LPAN.
No tax should be deducted, if tax is shown please refer to the taxation department.
No tax should be deducted, if tax is shown please refer to the taxation department.
No tax should be deducted, if tax is shown please refer to the taxation department.
No tax should be deducted, if tax is shown please refer to the taxation department.
1. If the premium falls within the definition of a taxable premium check that the correct amount of fire brigade charge, or the
correct rate applicable, is shown on the slip under "Taxes payable by underwriter(s)".
2. Where there is a local coverholder or broker check that the correct amount of fire brigade charge has been deducted from the
net premium and shown in box 20 of the LPAN. If there is no local coverholder or broker check that fire brigade charge has not
been deducted from the net premium (It will be collected from brokers by Lloyd's Swiss office).
1. If there is a local coverholder or broker there is no requirement to check stamp duty otherwise the following checks apply: If
premium falls within the definition of taxable premium check that the correct amount of stamp duty, or the correct rate applicable,
is shown on the slip under "Taxes payable by (Re) insured and administered by underwriters".
2. Check that stamp duty has not been added to the net premium (It will be collected from brokers by Lloyd's Swiss office).
No tax should be deducted, if tax is shown please refer to the taxation department.
1. If the premium falls within the definition of taxable premium check that the slip provides for the Reinsurance Tax at the correct
rate and is shown on the slip under "Taxes payable by underwriter(s)".
2. Check that the correct amount of Reinsurance Tax has been deducted from the net premium and shown in box 20 of the LPAN.
1. If the premium falls within the definition of taxable premium check that the slip provides for the stamp duty at the correct rate
and is shown on the slip under "Taxes payable by underwriter(s)".
2. Check that the correct amount of stamp duty has been deducted from the net premium and shown in box 20 of the LPAN.
No tax should be deducted, if tax is shown please refer to the taxation department.
1. If the premium falls within the definition of taxable premium check that the slip provides for the withholding tax at the correct
rate and is shown on the slip under "Taxes payable by underwriter(s)".
2. Check that the correct amount of withholding tax has been deducted from the net premium and shown in box 20 of the LPAN.
No tax should be deducted, if tax is shown please refer to the taxation department.
No tax should be deducted, if tax is shown please refer to the taxation department.
No tax should be deducted, if tax is shown please refer to the taxation department.
No tax should be deducted, if tax is shown please refer to the taxation department.

No tax should be deducted, if tax is shown please refer to the taxation department.
No tax should be deducted, if tax is shown please refer to the taxation department.
No tax should be deducted, if tax is shown please refer to the taxation department.
No tax should be deducted, if tax is shown please refer to the taxation department.

No tax should be deducted, if tax is shown please refer to the taxation department.
No tax should be deducted, if tax is shown please refer to the taxation department.
No tax should be deducted, if tax is shown please refer to the taxation department.
No tax should be deducted, if tax is shown please refer to the taxation department.

1. If premium falls within the definition of taxable premium check that the correct amount of IPT, or the correct rate applicable, is
shown on the slip under "Taxes payable by (Re) insured and administered by underwriters".
2. Check that the correct amount of IPT is shown in box 17 of the LPAN.
No tax should be deducted, if tax is shown please refer to the taxation department.
If the premium falls within the definition of a taxable premium check that the correct amount of premium tax, or the correct rate
applicable, is shown on the slip under "Taxes payable by underwriter(s)".
 2. Check that the correct amount of premium tax has been deducted from the net premium and shown in box 20 of the LPAN.
If the premium falls within the definition of a taxable premium check that the correct amount of premium tax, or the correct rate
applicable, is shown on the slip under "Taxes payable by underwriter(s)".
If the premium falls within the definition of a taxable premium check that the correct amount of premium tax, or the correct rate
applicable, is shown on the slip under "Taxes payable by underwriter(s)".
No tax should be deducted, if tax is shown please refer to the taxation department.
No tax should be deducted, if tax is shown please refer to the taxation department.
No tax should be deducted, if tax is shown please refer to the taxation department.
No tax should be deducted, if tax is shown please refer to the taxation department.
No tax should be deducted, if tax is shown please refer to the taxation department.
No tax should be deducted, if tax is shown please refer to the taxation department.

No tax should be deducted, if tax is shown please refer to the taxation department.

If the premium falls within the definition of taxable premium check that the correct amount of nat cat levy or the correct rate
applicable is shown on the slip under "Taxes payable by underwriter(s)". Where there is a local coverholder check that the correct
amount of nat cat levy has been deducted from the net premium and shown in box 20 of the LPAN.
No tax should be deducted, if tax is shown please refer to the taxation department.
No tax should be deducted, if tax is shown please refer to the taxation department.

				
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