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									Market Reform Contract                                                                               Data Dictionary
                                                                                                     v 1.3 Oct 2009

Where appropriate the terms insurance, insurer and insured, used throughout this document, are intended to apply equally to
reinsurance, reinsured, and reinsurer.

Document Sections
The contract document is made up of six sections
  Risk Details*; details of the risk/contract involved, such as insured (or reinsured), type, coverage, conditions etc.
  Information; free text additional information.
  Security Details; insurer‟s “stamp” details. These indicate each insurer‟s share of the risk, their reference/s and
  any additional conditions applied by them.
  Subscription Agreement; in relation to subscription markets, this establishes the rules to be followed for processing and
  administration of post-placement amendments and transactions.
  Fiscal and Regulatory; fiscal and regulatory issues specific to the insurers involved in the risk.
  Broker Remuneration & Deductions: Information relevant to brokerage, fees paid to the broker and deductions from premium

Dictionary
The following information has been defined within the dictionary:

HEADING NAME
This is the name that should be printed on the left-hand side of the document for the information item concerned (but see “name variations”
below).

MRC
This indicates whether the heading usage is described within the MRC guidance.

NAME VARIATIONS

   Name; Variations in the name that can be printed on the left hand side of the document for the information item concerned.
   Examples of where used; Indicates examples of lines/classes of business where a particular name variation is used.

DESCRIPTION
This describes the content required to be printed on the right-hand side of the document for the information item concerned.

USAGE

This indicates in what circumstances an item should be used (e.g. mandatory, optional, etc).

MAPPING TO DATA STANDARD


Mapping to data items is indicated by showing the data reference/s and name/s from the ACORD RLC data dictionary.* Each data reference has
a prefix that denotes the type of data item (A = Amount, C = Code, D = Date, Q = Quantity, P = Percentage, R = Reference, T = Text).

Data items within the RLC data dictionary are combined into data groups – and the groups within which mapped data items fall is also indicated
in this mapping (data groups are shown underlined and in bold).

In addition, a diagram that shows interrelationships between the data groups is shown on the next page. This helps implementers understand
the relationships between all data items that are included within the RLC XML Placing message.




* Also known as Contract Details
       Market Reform Contract                                                                                     Data Dictionary                                                                                       RISK DETAILS SECTION




HEADING NAME            MRC   NAME VARIATIONS                                                            DESCRIPTION                                  USAGE                              MAPPING TO DATA STANDARD


                              Name                                  Examples of where used
                                                                                                         The content of the key fields within this
                                                                                                         section of the contract is described in an
                                                                                                         appendix to the Market Reform Contract.



UMR                     Y     UMR                                   All                                  Unique Market Reference - this is a           Mandatory                         Contract
                                                                                                         reference allocated to the contract by the                                      R008 BrokerContractReference
                                                                                                         broker at Firm Order stage, which uniquely
                                                                                                         identifies a contract and remains constant
                                                                                                         on subsequent related business
                                                                                                         transactions. This reference must be
                                                                                                         incorporated as a separate heading and
                                                                                                         may be used as a header on each page of
                                                                                                         the contract. It is used to distinguish
                                                                                                         individual insurance contracts. It must start
                                                                                                         with B followed by the Lloyd‟s Broker
                                                                                                         number and then a unique reference which
                                                                                                         cannot have more than 12 alphanumeric
                                                                                                         characters; i.e. there is a maximum overall
                                                                                                         field length of 17 characters. Refer to
                                                                                                         Appendix A for guidance on correct
                                                                                                         completion.

Attaching to lineslip   Y     Attaching to delegated underwriting   Declarations off lineslips           This heading is applicable to all           Conditional, required for           Contract
contract (or Binding          contract number                                                            declarations off line slips and limited     declarations & off-slips            R011 BrokerParentContractReference
Authority Agreement)                                                                                     binding authorities that are shown to
number                                                                                                   insurers. This heading should specify the
                                                                                                         unique market reference of the contract to
                                                                                                         which the declaration in question attaches.

Type                    Y     Type                                  All                                  This heading must incorporate details of      Mandatory                         Contract
                                                                                                         the type of contract. This should be a high                                     C003 ContractType
                                                                                                         level description of the class of business                                      T022 ContractTypeDescription
                                                                                                         and type of cover rather than a detailed list
                                                                                                         of Perils (which should appear under
                                                                                                         Interest), e.g. Marine Hull Reinsurance.
Proposal form                 Proposal form                         Jewellers block, Fine art, Cash in   Details of the proposal form completed by    Conditional, required for some     Contract Section
                                                                    transit, Marine Yachts               the insured (name/reference of form,         classes of business                T321 ProposalFormDetails
                                                                                                         details of when signed/dated, etc).
                              Application                           Jewellers block, Fine art, Cash in
                                                                    transit
Insured                 Y     Insured                               All                                  The insured‟s name and, where                Conditional, required if risk is   Contract
                              Insured & location                    All insurance (except D&O, PI, FI)   appropriate, address and/or business.        insurance.                         C442 InsuredIdentification
                                                                                                                                                                                         C479 InsurerIdentificationAgency
                                                                                                                                                                                         T206 InsuredName
                                                                                                                                                                                         T278 InsuredDescription
                                                                                                                                                                                         T249 InsuredOperationsDescription
                                                                                                                                                                                         T240 InsuredAddressNumberAndStreet
                                                                                                                                                                                         T241 InsuredAddressZipOrPostCode
                                                                                                                                                                                         T242 InsuredAddressCityName
                                                                                                                                                                                         C483 InsuredAddressCountrySubEntity
                                                                                                                                                                                         C484 InsuredAddressCountry
                                                                                                                                                                                         T248 InsuredAddressWebSiteURL
     Market Reform Contract                                                    Data Dictionary                                                                                RISK DETAILS SECTION




HEADING NAME        MRC   NAME VARIATIONS                             DESCRIPTION                             USAGE                              MAPPING TO DATA STANDARD

Insured             Y                                                 The insured‟s name and, where           Conditional, required if risk is   Contract
                          Name               Examples of where used   appropriate, address and/or business.   insurance.                         C442 InsuredIdentification
                          Assured            Marine, PI, D&O, FI                                                                                 C479 InsurerIdentificationAgency
                          Life assured       US Healthcare                                                                                       T206 InsuredName
                          Insured person     US Healthcare, D&O                                                                                  T278 InsuredDescription
                          Policyholder       US Healthcare, D&O                                                                                  T249 InsuredOperationsDescription
                          Named insured      D&O, Marine liability                                                                               T240 InsuredAddressNumberAndStreet
                          Name of firm       PI                                                                                                  T241 InsuredAddressZipOrPostCode
                          Name of practice   PI                                                                                                  T242 InsuredAddressCityName
                                                                                                                                                 C483 InsuredAddressCountrySubEntity
                                                                                                                                                 C484 InsuredAddressCountry
                                                                                                                                                 T248 InsuredAddressWebSiteURL
     Market Reform Contract                                                                  Data Dictionary                                                                                RISK DETAILS SECTION
Insured             Y                                                               The insured‟s name and, where           Conditional, required if risk is   Contract
                                                                                    appropriate, address and/or business.   insurance.                         C442 InsuredIdentification
                                                                                                                                                               C479 InsurerIdentificationAgency
                                                                                                                                                               T206 InsuredName
                                                                                                                                                               T278 InsuredDescription
                                                                                                                                                               T249 InsuredOperationsDescription
HEADING NAME        MRC   NAME VARIATIONS                                           DESCRIPTION                             USAGE                              MAPPING TO DATA STANDARD
                                                                                                                                                               T240 InsuredAddressNumberAndStreet
                                                                                                                                                               T241 InsuredAddressZipOrPostCode
                          Name                          Examples of where used                                                                                 T242 InsuredAddressCityName
                                                                                                                                                               C483 InsuredAddressCountrySubEntity
                          Company                       D&O
                                                                                                                                                               C484 InsuredAddressCountry
                          Sponsoring employer company   Pension Trustee Liability
                                                                                                                                                               T248 InsuredAddressWebSiteURL
      Market Reform Contract                                                                       Data Dictionary                                                                                      RISK DETAILS SECTION




HEADING NAME         MRC   NAME VARIATIONS                                               DESCRIPTION                                  USAGE                              MAPPING TO DATA STANDARD


                           Name                    Examples of where used
Original insured           Original insured        Fac reinsurance. Proportional and    The insured‟s name, address and/or            Conditional, required for          Contract
                                                   non-proportional treaty reinsurance. business as applicable on the original        facultative R/I                    C117 OriginalPolicyholderIdentification
                                                                                        contract/policy, that is the subject of the                                      C118 OriginalPolicyholderIdentificationAgency
                           Original assured        Fac reinsurance. Proportional and
                                                                                        facultative reinsurance.                                                         T051 OriginalPolicyholderName
                                                   non-proportional treaty reinsurance.
                                                                                                                                                                         T329 OriginalPolicyholderOperationsDescription
                           Original name insured   Medical malpractice reinsurance                                                                                       T330 OriginalPolicyholderAddressNumberAndStreet
                                                                                                                                                                         T331 OriginalPolicyholderAddressZipOrPostCode
                                                                                                                                                                         T332 OriginalPolicyholderAddressCityName
                                                                                                                                                                         C591 OriginalPolicyholderAddressCountrySubEntity
                                                                                                                                                                         C592 OriginalPolicyholderAddressCountry

Retrocedent                Retrocedent             All retrocession.                     The retrocedent‟s name, address and/or       Conditional, required for          Contract
                                                                                         business as applicable (full address need    retrocession                       C084 CedentIdentification
                                                                                         not be given - Country and/or State of                                          C085 CedentIdentificationAgency
                                                                                         Domicile is sufficient).                                                        T003 CedentName
                                                                                                                                                                         T257 CertificateRecipientCedentName
                                                                                                                                                                         T277 CedentDescription
                                                                                                                                                                         T269 CedentAddressNumberAndStreet
                                                                                                                                                                         T271 CedentAddressZipOrPostCode
                                                                                                                                                                         T270 CedentAddressCityName
                                                                                                                                                                         C528 CedentAddressCountrySubEntity
                                                                                                                                                                         C529 CedentAddressCountry


Original reinsured         Original reinsured      All retrocession.                    The Original Reinsured‟s name and             Conditional, required for          Contract
                                                                                        address as applicable (full address need      retrocession                       C105 OriginalInsurerOrReinsurerIdentification
                           Original reassured      PI retrocession, D&O retrocession,
                                                                                        not be given - Country and/or State of                                           C106 OriginalInsurerOrReinsurerIdentificationAgency
                                                   FI retrocession, Marine retrocession
                                                                                        Domicile is sufficient).                                                         T334 OriginalInsurerOrReinsurerFullNameAndAddress
                                                                                                                                                                         T050 OriginalInsurerOrReinsurerName
                                                                                                                                                                         T333 OriginalInsurerOrReinsurerLocationDescription
                                                                                                                                                                         T334 OriginalInsurerOrReinsurerDescription

Reinsured            Y     Reinsured               Aviation reinsurance, PI fac          The Reinsured‟s name and where               Conditional, required if risk is   Contract
                                                   reinsurance, D&O fac reinsurance,     appropriate their address and/or business    reinsurance.                       C084 CedentIdentification
                                                   FI fac reinsurance                    (full address need not be given - Country                                       C085 CedentIdentificationAgency
                           Reinsured & location    All reinsurance                       and/or State of Domicile is sufficient).                                        T003 CedentName
                           Reassured               PI reinsurance, D&O reinsurance, FI                                                                                   T257 CertificateRecipientCedentName
                                                   reinsurance, Marine reinsurance                                                                                       T277 CedentDescription
                                                                                                                                                                         T269 CedentAddressNumberAndStreet
                           Writing company         All reinsurance.
                                                                                                                                                                         T271 CedentAddressZipOrPostCode
                                                                                                                                                                         T270 CedentAddressCityName
                                                                                                                                                                         C528 CedentAddressCountrySubEntity
                                                                                                                                                                         C529 CedentAddressCountry

Principal address          Principal address       PI, D&O, FI                           The primary address - would normally be Conditional, required for some          Contract
                           Head office             PI, D&O                               the address of the (re)insured's head office classes                            T240 InsuredAddressNumberAndStreet
                           Policyholder address    D&O                                   (matching back to the address they stated                                       T241 InsuredAddressZipOrPostCode
                           Address                 FI, PI                                on their application form).                                                     T242 InsuredAddressCityName
                                                                                                                                                                         C483 InsuredAddressCountrySubEntity
                                                                                                                                                                         C484 InsuredAddressCountry
      Market Reform Contract                                                                                          Data Dictionary                                                                                             RISK DETAILS SECTION




HEADING NAME             MRC   NAME VARIATIONS                                                              DESCRIPTION                                    USAGE                                MAPPING TO DATA STANDARD


                               Name                                 Examples of where used
Period                   Y     Period                               All                                     The inception date and time of day, expiry Mandatory                                Contract section
                               Period and cancellation provisions   Reinsurance treaty                      date and time of day as well as the                                                 These date items include the ability to provide the time and an indication
                               Policy period                        PI, D&O, FI                             applicable time zone. As an alternative to                                          of timezone.
                               Voyage                               Marine, General specie, Cash in         specifying both times it is acceptable to                                           D002 ContractPeriodStartDateAndTime
                                                                    transit                                 specify “both days inclusive”, although the                                         C038 ContractPeriodStartDateAndTimeQualifier
                               Term                                 All reinsurance                         applicable time zone is still required.                                             D005 ContractPeriodEndDateAndTime
                               Term and cancellation provisions     All reinsurance                                                                                                             C010 ContractPeriodScope
                                                                                                            Where the risk is for a continuous contract                                         T008 ContractPeriodScopeDescription
                                                                                                            the anniversary date is to be included in                                           D004 NoticeOfCancellationDueDate
                                                                                                            place of the expiry date, please note that                                          T034 NoticeOfCancellationDescription
                                                                                                            the applicable time zone is still required.

                                                                                                            However for risks where specific dates of
                                                                                                            inception or expiry are not known, for
                                                                                                            example voyages, constructions and
                                                                                                            sporting events, the specific events
                                                                                                            determining the period must be stated.

                                                                                                            On proportional treaty business where the
                                                                                                            heading Period and Cancellation
                                                                                                            Provisions is used, cancellation provisions,
                                                                                                            if any, must be stated including reference
                                                                                                            to what happens to business in force at
                                                                                                            cancellation, if applicable, and whether
                                                                                                            there is any option for either party in this
                                                                                                            respect.

                                                                                                            On "Risks Attaching During" contracts it is
                                                                                                            acceptable to state “any time zone”.
                                                                                                            NB. The basis of loss should be included
                                                                                                            under a separate heading.

Original policy period         Original policy period               Fac reinsurance                         Definition same as for Period - but this is    Conditional, to be used when         Contract
                                                                                                            the period of the original contract/policy     different from Period.               These date items include the ability to provide the time and an indication
                                                                                                            (that is the subject of a reinsurance or                                            of timezone.
                                                                                                            retrocession).                                                                      D029 OriginalPolicyPeriodStartDate
                                                                                                                                                                                                D100 OriginalPolicyPeriodEndDate


Conveyance               Y     Conveyance                           General specie, Jewellers Block,        Description and/or name of the mode of         Conditional, required for specific   Contract section
                                                                    Cash in transit, Marine                 conveyance of the subject matter of the        classes                              T219 VesselName
                                                                                                            risk.                                                                               T218 ConveyanceName

                               Conveyances                          General specie, Jewellers Block,
                                                                    Cash in transit, Marine
                               Vessels                              General specie, Cash in transit, Fine
                                                                    Art, Marine
Vessels                        Vessels                              Marine hull                             Name(s) or description(s) of the insured     Conditional, relevant to Marine        Contract section
                                                                                                            ship(s), vessel(s), yacht(s) or other marine                                        T219 VesselName
                                                                                                            craft.                                                                              T336 VesselOrConveyanceDescription
      Market Reform Contract                                                                                      Data Dictionary                                                                                       RISK DETAILS SECTION




HEADING NAME
Vessels                MRC   NAME VARIATIONS                                                             DESCRIPTION
                                                                                                         Name(s) or description(s) of the insured     USAGE
                                                                                                                                                      Conditional, relevant to Marine   MAPPING TO DATA STANDARD
                                                                                                                                                                                        Contract section
                                                                                                         ship(s), vessel(s), yacht(s) or other marine                                   T219 VesselName
                                                                                                         craft.                                                                         T336 VesselOrConveyanceDescription
                             Name                                 Examples of where used
                             Yacht                                Marine Yachts

Interest               Y     Interest                             All                                    Interest or subject matter insured or nature Mandatory                         Contract section
                                                                                                         of liability. If exclusions are included under                                 T056 InsuredRiskOrInterestDescription
                             Business/interest                    D&O, FI, PI                            this heading, then the nature of the interest
                             Subject matter                       All specie classes                     must appear first followed by specific
                                                                                                         exclusions, so that it is immediately
                             Subject matter insured               All specie classes.                    apparent which is which.
                             Property insured                     All specie classes
                             Interest insured                     All specie classes
                             Business covered                     Proportional and non-proportional
                                                                  treaty reinsurance
                             Class                                Proportional and non-proportional
                                                                  treaty reinsurance
                             Class of business                    Proportional and non-proportional
                                                                  treaty reinsurance
                             Class of business & any exclusions   Non-proportional treaty reinsurance,
                                                                  Proportional marine and aviation
                                                                  treaty reinsurance
                             Interest & any exclusions            Marine proportional and non-
                                                                  proportional treaty reinsurance
Additional coverages         Additional coverages                 Commercial property, Terrorism and Description of additional coverages       Optional                                 Contract section
                                                                  Business interuption               included in the contract (beyond the                                               T339 AdditionalCoveragesDescription
                                                                                                     general coverages already specified under
                                                                                                     the TYPE or INTEREST headings).

Limit of Liability     Y     Sum insured                          All                                    Sum insured or reinsured or indemnity or     Mandatory                         Contract
                             Limits                               All                                    monetary limits - can additionally include                                     P009 QuotaSharePercentage
                             Limits and retentions/deductibles    All                                    details of deductible(s), excess(es),                                          Contract coverage and deductible
                                                                                                         retention(s), etc.                                                             Map to "Contract Coverage and Deductible", which can repeat to allow
                             Limit and excess                     All                                                                                                                   multiple limits of different types to be specified.
                             Total value                          Marine Yachts                                                                                                         A004 CoverageAmount
                                                                                                                                                                                        C046 CoverageAmountCurrency
                             Agreed value                         Marine
                                                                                                                                                                                        C033 CoverageBasis
                             Limit                                All
                                                                                                                                                                                        T020 CoverageBasisDescription
                             Sum insured and deductible           All
                                                                                                                                                                                        T026 CoverageDescription
                             Sum reinsured                        All reinsurance
                                                                                                                                                                                        Q005 CoverageNumberOfLines
                             Sum reassured                        All reinsurance                                                                                                       Q014 CoverageNumberOfUnits
                             Treaty detail                        Proportional and non-proportional                                                                                     P016 CoveragePercentage
                                                                  treaty reinsurance.                                                                                                   C041 CoverageSubjectMatter
                             Treaty limits                        Proportional and non-proportional                                                                                     C497 CoverageSubjectMatterAgency
                                                                  treaty reinsurance.                                                                                                   T030 CoverageSubjectMatterDescription
                             Sum assured                          Marine Hull insurance, Trade credit,                                                                                  C027 CoverageType
                                                                  Political risks insurance
                             Loss limit                           Aerospace insurance, Property
                                                                  insurance, Energy insurance
                             Limit of indemnity                   Medical malpractice, US Healthcare,
                                                                  FI, PI
                                                                                                                                                                                            C046 CoverageAmountCurrency
                                                                                                                                                                                            C033 CoverageBasis
                                                                                                                                                                                            T020 CoverageBasisDescription
                                                                                                                                                                                            T026 CoverageDescription
                                                                                                                                                                                            Q005 CoverageNumberOfLines
      Market Reform Contract                                                                                        Data Dictionary                                                         Q014 CoverageNumberOfUnits RISK             DETAILS SECTION
                                                                                                                                                                                            P016 CoveragePercentage
                                                                                                                                                                                            C041 CoverageSubjectMatter
                                                                                                                                                                                            C497 CoverageSubjectMatterAgency
                                                                                                                                                                                            T030 CoverageSubjectMatterDescription
                                                                                                                                                                                            C027 CoverageType

HEADING NAME         MRC   NAME VARIATIONS                                                                DESCRIPTION                                  USAGE                                MAPPING TO DATA STANDARD


                           Name                                  Examples of where used
                           Limit of liability                    Marine liability, Accident and health,
                                                                 D&O, FI, PI, Terrorism liability

                           In all limit                          Non-proportional reinsurance
                           Indemnity                             Non-proportional reinsurance
                           Limit and deductible                  Non-proportional reinsurance
                           Limit sum insured                     Proportional and non-proportional
                                                                 treaty reinsurance
                           Limit, retention and reinstatements   Non-proportional reinsurance
                           Limits and retention                  Non-proportional reinsurance
                           Limits of indemnity                   Proportional and non-proportional
                                                                 treaty reinsurance
                           Limits of liability                   Proportional and non-proportional
                                                                 treaty reinsurance
                           Retention and limit                   Non-proportional treaty reinsurance

Aggregate limit            Aggregate limit                       Where applicable (for insurance or       Monetary limitation of the (re)insurance     Conditional, required for specific   Contract coverage and deductible
                                                                 reinsurance).                            contract's liability for all losses in the   classes                              Map to "Contract Coverage and Deductible", which can repeat to allow
                                                                                                          aggregate.                                                                        multiple limits of different types to be specified - see "Sum insured" item
                                                                                                                                                                                            above.



Underlying limits          Underlying limits                     Typically D&O, FI, PI, Non               The limit(s) on underlying                   Conditional, required for specific   Contract coverage and deductible
                                                                 proportional treaty reinsurance. Can     contracts/policies that need to be           classes                              Map to "Contract Coverage and Deductible", which can repeat to allow
                                                                 apply to other classes.                  exhausted before a claim becomes                                                  multiple limits of different types to be specified - see "Sum insured" item
                           Underlying policy/ies limit(s)        Typically D&O, FI, PI, Non               payable on this contract.                                                         above.
                                                                 proportional treaty reinsurance. Can
                                                                 apply to other classes.

Excess                     Excess                                D&O, FI, PI, all Specie classes,         The excess amount(s) over which claims       Conditional, required for specific   Contract coverage and deductible
                                                                 Marine liability                         covered by the contract become               classes                              Map to "Contract Coverage and Deductible", which can repeat to allow
                                                                                                          collectable.                                                                      multiple excesses/deductibles of different types to be specified.
                                                                                                                                                                                            A005 DeductibleAmount
                                                                                                                                                                                            C047 DeductibleAmountCurrency
                                                                                                                                                                                            C024 DeductibleBasis
                                                                                                                                                                                            T015 DeductibleBasisDescription
                                                                                                                                                                                            T027 DeductibleDescription
                                                                                                                                                                                            Q004 DeductibleNumberOfLines
                                                                                                                                                                                            Q013 DeductibleNumberOfUnits
                                                                                                                                                                                            P019 DeductiblePercentage
                                                                                                                                                                                            C042 DeductibleSubjectMatter
                                                                                                                                                                                            C496 DeductibleSubjectMatterAgency
                                                                                                                                                                                            T028 DeductibleSubjectMatterDescription
                                                                                                                                                                                            C009 DeductibleType


Sublimits                  Sublimits                             Commercial property, Terrorism and Details of programme sublimits for insured Conditional, required for specific           Contract coverage and deductible
                                                                 Business interuption, all Specie   perils or coverages.                       classes                                      Map to "Contract Coverage and Deductible", which can repeat to allow
                                                                 classes.                                                                                                                   multiple limits of different types to be specified - see "Limit" item above.
    Market Reform Contract                                                                Data Dictionary                                                                           RISK DETAILS SECTION




Sublimits
HEADING NAME       MRC   NAME VARIATIONS                                            DESCRIPTION             Conditional, required for specific
                                                                                                            USAGE                                Contract coverage and deductible
                                                                                                                                                 MAPPING TO DATA STANDARD
                                                                                                            classes                              Map to "Contract Coverage and Deductible", which can repeat to allow
                                                                                                                                                 multiple limits of different types to be specified - see "Limit" item above.
                         Name                  Examples of where used
                         Programme sublimits   Commercial property, Terrorism and
                                               Business interuption
      Market Reform Contract                                                                               Data Dictionary                                                                                             RISK DETAILS SECTION


Sublimits                                                                                                                                      Conditional, required for specific   Contract coverage and deductible
                                                                                                                                               classes                              Map to "Contract Coverage and Deductible", which can repeat to allow
                                                                                                                                                                                    multiple limits of different types to be specified - see "Limit" item above.
HEADING NAME               MRC   NAME VARIATIONS                                                 DESCRIPTION                                   USAGE                                MAPPING TO DATA STANDARD


                                 Name                       Examples of where used
                                 Program sublimits          Commercial property, Terrorism and
                                                            Business interuption

Deductibles                      Deductibles                Commercial property, Terrorism and Details of deductible(s) that are retained by Conditional, required where            Contract coverage and deductible
                                                            Business interuption, Marine, Fac  the insured on an insurance contract/policy applicable                               Map to "Contract Coverage and Deductible", which can repeat to allow
                                                            reinsurance                        (for facultative reinsurance, this would                                             multiple excesses/deductibles of different types to be specified - see
                                                                                               show details of deductible(s) that apply to                                          Excess item above.
                                                                                               the original insurance contract/policy that
                                                                                               is being reinsured). The deductible may be
                                                                                               expressed as an amount or as a period.

                                 Deductible                 D&O, FI, PI, All specie classes,
                                                            Marine, Fac reinsurance
                                 Program deductibles        Commercial property, Terrorism and
                                                            Business interuption

                                 Programme deductibles      Commercial property, Terrorism and
                                                            Business interuption

(Re)insured's retention          Self insured retention     Commercial property, Terrorism and The proportion of the amount of the             Conditional, relevant to             Contract coverage and deductible
                                                            Business interuption, Marine liability original limit being retained by the        reinsurance                          Map to a repeat of "Contract coverage and deductible", with C009
                                                                                                   reinsured.
                                 Retention                  D&O, FI, PI.
Reinstatement provisions         Reinstatement provisions   Non-proportional treaty reinsurance Provisions for any reinstatement including     Optional                             Contract Reinstatement
                                                                                                   limit and additional premium applicable                                          Map to "Contract Reinstatement" which can repeat to give details of
                                                                                                                                                                                    reinstatements for different currencies etc.
                                                                                                                                                                                    A447 ReinstatementPremiumAmount
                                                                                                                                                                                    C553 ReinstatementPremiumCurrency
                                                                                                                                                                                    C034 ReinstatementCalculationType
                                                                                                                                                                                    C535 ReinstatementsAllowedUnlimitedIndicator
                                                                                                                                                                                    P012 ReinstatementPremiumPercentage
                                                                                                                                                                                    P015 ResinstatmentBrokeragePercentage
                                                                                                                                                                                    Q006 ReinstatementsAllowedTotalNumber
                                                                                                                                                                                    T287 ReinstatementsDescription

Indemnity period                 Indemnity period           Business interruption                Description of the indemnity period e.g. the Conditional, required for specific    Contract coverage and deductible
                                                                                                 period of time for which the insured will be classes                               Map to a repeat of "Contract Coverage and Deductible", with Q014
                                                                                                 indemnified for business interruption.                                             containing a number (e.g. "30") and C033 indicating what that number
                                                                                                                                                                                    applies to (e.g. "days")
                                                                                                                                                                                    Q014 CoverageNumberOfUnits
                                                                                                                                                                                    C033 CoverageBasis

Exclusions                       Exclusions                 All reinsurance.                     Identification of specific exclusions (e.g.   Optional                             Contract peril
                                                                                                 excluded coverages).                                                               Map to Contract Peril, which can repeat to give details of all
                                                                                                                                                                                    included/excluded perils.
                                                                                                                                                                                    C541 PerilTypeExcluded
                                                                                                                                                                                    C542 PerilTypeExcludedAgency
                                                                                                                                                                                    T281 PerilTypeExcludedDescription
                                                                                                                                                                                    T252 QuoteExclusionsDescription
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HEADING NAME         MRC   NAME VARIATIONS                                      DESCRIPTION                                  USAGE          MAPPING TO DATA STANDARD


                           Name              Examples of where used
Situation            Y     Situation         All non-marine. All reinsurance.   Situation, territorial limits or scope, trading Mandatory   Contract section location
                                                                                warranties or location.                                     C011 RiskLocationCountry
                                                                                                                                            C040 RiskLocationSupraentity
                                                                                                                                            C447 RiskLocationSubEntity
                                                                                                                                            T009 RiskLocationDescription

                                                                                                                                            Contract Section
                                                                                                                                            C538 JurisdictionLocationCountry
                                                                                                                                            C597 JurisdictionLocationSubEntity
                                                                                                                                            T337 JurisdictionsCoveredDescription
      Market Reform Contract                                                                                 Data Dictionary                                                                   RISK DETAILS SECTION




HEADING NAME         MRC   NAME VARIATIONS                                                          DESCRIPTION                                  USAGE          MAPPING TO DATA STANDARD


Situation            Y     Name                              Examples of where used                 Situation, territorial limits or scope, trading Mandatory   Contract section location
                           Territorial limits                Commercial property, Terrorism,        warranties or location.                                     C011 RiskLocationCountry
                                                             Business interuption, PI, D&O, FI.                                                                 C040 RiskLocationSupraentity
                                                             Proportional and non-proportional                                                                  C447 RiskLocationSubEntity
                                                             treaty reinsurance                                                                                 T009 RiskLocationDescription
                           Territorial limits / limitation   All specie classes
                           Geographical areas                All specie classes                                                                                 Contract Section
                           Territory                         All specie classes. Proportional and                                                               C538 JurisdictionLocationCountry
                                                             non-proportional treaty reinsurance.                                                               C597 JurisdictionLocationSubEntity
                                                                                                                                                                T337 JurisdictionsCoveredDescription
                           Geographical limits               All specie classes, PI, D&O, FI.
                                                             Proportional and non-proportional
                                                             treaty reinsurance.
                           Location                          All specie classes. Fac reinsurance.

                           Locations                         Fac reinsurance.
                           Navigating                        Marine Yachts
                           Cruising                          Marine Yachts
                           Trading                           Marine
                           Territorial scope                 Proportional and non-proportional
                                                             treaty reinsurance
                           Situate                           Specie / Fine Art
                           Jurisdictional limits             PI, D&O, FI
      Market Reform Contract                                                                            Data Dictionary                                                                                   RISK DETAILS SECTION




HEADING NAME          MRC   NAME VARIATIONS                                                    DESCRIPTION                                USAGE                         MAPPING TO DATA STANDARD


                            Name                            Examples of where used
Basis of valuation          Basis of valuation              General specie, Jewellers Block,   Description of the agreed basis of         Conditional, required where   Contract Section
                                                            Marine cargo                       valuation of items covered by the policy   applicable                    T338 BasisOfValuationDescription
                            Basis of indemnity              General specie, Jewellers Block    (e.g. for use in determining indemnity                                   C594 BasisOfValuation
                            Basis of settlement of losses   All specie classes                 and/or premium calculation).

Conditions            Y     Conditions                      All                                Identification, qualification or variation in Mandatory                  Contract section
                            General conditions              All                                coverage including the wording, clauses,                                 C006 RiskConditionsType
                            Perils                          All specie classes                 conditions and amendments to any model                                   T340 PerilsAndConditionsDescription
                            Insurance conditions            Medical malpractice                clauses. Any additional data or schedule                                 Contract peril
                            Reinsurance conditions          All reinsurance                    that is required to complete blanks within a                             Map to Contract Peril, which can repeat to give details of all
                                                                                               model or registered wording should be                                    included/excluded perils.
                                                                                               entered or referenced here or under the                                  C539 PerilTypeIncluded
                                                                                               relevant MRC heading, also referencing                                   C540 PerilTypeIncludedAgency
                                                                                               the section of the wording to which it                                   C541 PerilTypeExcluded
                                                                                               applies e.g. specification of the claims                                 C542 PerilTypeExcludedAgency
                                                                                               notification nominee. The contract                                       T281 PerilTypeExcludedDescription
                                                                                               document must reference or attach in full                                T252 QuoteExclusionsDescription
                                                                                               all wordings and clauses. Where a
                                                                                               wording, or clause, is referenced then the
                                                                                               full wording must be readily available to the
                                                                                               broker and to all insurers (e.g. by being
                                                                                               held on a widely available Wordings
                                                                                               Database).Where reference is made to an
                                                                                               original, underlying or expiring policy then
                                                                                               this must be unambiguously referenced
                                                                                               e.g. by providing the original policy
                                                                                               number.

Original conditions         Original conditions             All reinsurance                    The conditions of the original insurance   Conditional, relevant to      Map to a repeat of Contract Section that has C007
                                                                                               that is subject to the reinsurance.        reinsurance                   ContractReportingLevel set ot value "insurance_contract_level".
                                                                                                                                                                        Contract section
                                                                                                                                                                        C006 RiskConditionsType
                                                                                                                                                                        T340 PerilsAndConditionsDescription
                                                                                                                                                                        Contract peril
                                                                                                                                                                        Map to Contract Peril, which can repeat to give details of all
                                                                                                                                                                        included/excluded perils.
                                                                                                                                                                        C539 PerilTypeIncluded
                                                                                                                                                                        C540 PerilTypeIncludedAgency
                                                                                                                                                                        C541 PerilTypeExcluded
                                                                                                                                                                        C542 PerilTypeExcludedAgency
                                                                                                                                                                        T281 PerilTypeExcludedDescription
                                                                                                                                                                        T252 QuoteExclusionsDescription
     Market Reform Contract                                                   Data Dictionary                                                             RISK DETAILS SECTION




HEADING NAME        MRC   NAME VARIATIONS                            DESCRIPTION                                 USAGE        MAPPING TO DATA STANDARD


                          Name              Examples of where used
Loss payee                Loss payee        Marine                   The name, address etc details as              Optional   Contract
                                                                     applicable of a party that is not the insured            C588 LossPayeeIdentification
                                                                     but to whom losses under the contract will               C589 LossPayeeIdentificationAgency
                                                                     be payable (e.g. a mortgagee).                           T323 LossPayeeName
                                                                                                                              T324 LossPayeeFullNameAndAddress
                                                                                                                              T324 LossPayeeDescription
                                                                                                                              T325 LossPayeeOperationsDescription
                                                                                                                              T326 LossPayeeAddressNumberAndStreet
                                                                                                                              T327 LossPayeeAddressZipOrPostCode
                                                                                                                              T328 LossPayeeAddressCityName
                                                                                                                              C623 LossPayeeAddressCountrySubEntity
                                                                                                                              C590 LossPayeeAddressCountry
     Market Reform Contract                                                                            Data Dictionary                                                                              RISK DETAILS SECTION




HEADING NAME              MRC   NAME VARIATIONS                                               DESCRIPTION                               USAGE                          MAPPING TO DATA STANDARD


                                Name                      Examples of where used
Co-reinsurance warranty   Y     Co-reinsurance warranty   Proportional and non-proportional   Reinsured's retention net for own account. Optional, applicable to       Contract section
                                                          treaty reinsurance                                                             reinsurance                   P031 CedentSharePercentage

                                Co-participation          Proportional and non-proportional
                                                          treaty reinsurance
                                Original co-insurance     Proportional and non-proportional
                                                          treaty reinsurance
Notices                   Y     Notices                   All                                 A heading where any notices or attestation Conditional, required where   Contract section
                                                                                              clauses other than the Several Liability   applicable                    Tnnn NoticesDescription
                                                                                              Notice must be recorded. E.g. Lloyd‟s
                                                                                              privacy statement, LSW 1135 B.
      Market Reform Contract                                                                       Data Dictionary                                                                                               RISK DETAILS SECTION
                                                                                                                                                                                Contract section
                                                                                                                                                                                Tnnn NoticesDescription




HEADING NAME                MRC   NAME VARIATIONS                                         DESCRIPTION                                    USAGE                                  MAPPING TO DATA STANDARD


                                  Name                           Examples of where used
Express warranties          Y     Express warranties             All                      Any express warranties that apply to the     Conditional, required where
                                                                                          contract, over and above any that may be applicable. N.B. Warranties are not
                                                                                          stated elsewhere within the contract or      applicable in some jurisdictions.
                                                                                          implied e.g. by legislation. If there are no
                                                                                          such warranties this heading would not be
                                                                                          included. Warranties should typically set
                                                                                          out the condition/action that needs to
                                                                                          occur, by whom and to what standard and
                                                                                          the consequences of non-compliance.

Conditions precedent        Y     Conditions precedent           All                      Any conditions precedent that apply to the     Conditional, required where
                                                                                          contract, over and above any that may be       applicable. N.B. Conditions
                                                                                          stated elsewhere within the contract or        precedent are not applicable in some
                                                                                          implied e.g. by legislation. If there are no   jurisdictions.
                                                                                          such conditions precedent this heading
                                                                                          would not be included. Conditions
                                                                                          precedent should typically set out the
                                                                                          condition/action that needs to occur, by
                                                                                          whom and to what standard and the
                                                                                          consequences of non-compliance.

Subjectivities              Y     Subjectivities                 All                      A contract can include subjectivities for     Optional                                Contract section
                                                                                          example an outstanding survey                                                         Tnnn SubjectivitiesDescription
                                                                                          requirement. Subjectivities must be
                                                                                          imposed within the contract, in the Risk
                                                                                          Details section under this heading or within
                                                                                          Conditions, and must not be shown in the
                                                                                          Security Details section against insurers‟
                                                                                          lines. All subjectivities should set out: the
                                                                                          condition/action that needs to occur, by
                                                                                          whom and to what standard; the applicable
                                                                                          timescale within which the subjectivity is to
                                                                                          be met; the terms which are to apply until
                                                                                          the subjectivity is met and the
                                                                                          consequences which are to follow if the
                                                                                          subjectivity is not met.

Choice of law & jurisdiction Y    Choice of law & jurisdiction   All                      The court that will have jurisdiction in the  Mandatory                               Contract section
                                                                                          event of a dispute between insured and                                                C538 JurisdictionLocationCountry
                                                                                          insurers and the law that will apply. Further                                         T279 JurisdictionLocationDescription
                                                                                          Lloyd‟s information on this heading is
                                                                                          available in Lloyd‟s bulletins Y3406
                                                                                          Y3327,and for LMA members letter LTM04-
                                                                                          056-WFR.
      Market Reform Contract                                                              Data Dictionary                                                                                   RISK DETAILS SECTION




HEADING NAME         MRC   NAME VARIATIONS                                       DESCRIPTION                                USAGE                            MAPPING TO DATA STANDARD


                           Name              Examples of where used
Arbitration                Arbitration       Proportional and non-proportional   Arrangements in the event that a dispute   Conditional, required for some   Contract Section
                                             treaty reinsurance                  goes to arbitration.                       jurisdictions                    T345 ArbitrationArrangementsDescription
                                                                                                                                                             Contract section location
                                                                                                                                                             T258 ArbitrationLocationDescription
     Market Reform Contract                                                         Data Dictionary                                                                 RISK DETAILS SECTION




HEADING NAME        MRC   NAME VARIATIONS                                  DESCRIPTION                                 USAGE          MAPPING TO DATA STANDARD


                          Name               Examples of where used
Premium             Y     Premium            All                           The premium to be paid by the insured.         Mandatory   Contract premium
                          Rate               All                           Premiums in respect of War coverage                        A010 BasisOfDepositPremiumAmount
                                                                           must be identified separately to premiums                  C052 BasisOfDepositPremiumAmountCurrency
                                                                           in respect of other insured perils. Any                    C563 DeferredPremiumPaymentIndicator
                                                                           premium instalment information must be                     A007 DepositPremiumAmount
                                                                           shown here and not under the Payment                       C049 DepositPremiumAmountCurrency
                                                                           Terms heading.                                             Q007 DepositPremiumInstalmentsTotalNumber
                                                                           As the BIPAR principles confirm, a multiple                D006 DepositPremiumPayableByDate
                                                                           insurer placement may involve cover being                  T021 DepositPremiumPaymentsDescription
                                                                           underwritten at different terms for some or                C035 DepositPremiumPaymentsDuePeriodType
                                                                           all of the participating insurers. This can be             A444 EndorsementPremiumAmount
                                                                           handled within a single MRC, for example                   C549 EndorsementPremiumAmountCurrency
                                                                           by having separate Written Lines pages                     A445 EndorsementReturnPremiumAmount
                                                                           holding a schedule of the information that                 C550 EndorsementReturnPremiumAmountCurrency
                                                                           varies by insurer(s). The relevant heading                 A442 EstimatedPremiumAmount
                          Premium basis      Facultative reinsurance.      within Risk Details may therefore cross-                   C547 EstimatedPremiumAmountCurrency
                                                                           refer to content held within the Security                  A387 GnpiEstimatedSubjectPremium
                                                                           Details section.                                           C448 GnpiEstimatedSubjectPremiumCurrency
                                                                                                                                      A009 MinimumAndDepositPremiumAmount
                                                                                                                                      C051 MinimumAndDepositPremiumAmountCurrency
                                                                                                                                      Q018 MinimumAndDepositPremiumInstalmentsTotalNumber
                                                                                                                                      D138 MinimumAndDepositPremiumPayableByDate
                                                                                                                                      T286 MinimumAndDepositPremiumPaymentsDescription
                                                                                                                                      C552 MinimumAndDepositPremiumPaymentsDuePeriodType
                                                                                                                                      A006 MinimumPremiumAmount
                                                                                                                                      C048 MinimumPremiumAmountCurrency
                                                                                                                                      A421 PremiumAmount
                                                                                                                                      C545 PremiumAmountCurrency

Premium transfer          Premium transfer   Marine (long term projects)   Details of circumstances under which      Optional         Contract Section
                                                                           premium will be transferred between years                  T346 PremiumTransferProvisionsDescription
                                                                           of account for long-term projects.
     Market Reform Contract                                                      Data Dictionary                                                          RISK DETAILS SECTION




HEADING NAME            MRC   NAME VARIATIONS                            DESCRIPTION                              USAGE       MAPPING TO DATA STANDARD


                              Name              Examples of where used
Premium payment terms   Y     Payment terms     All                                                               Mandatory   Contract section
                                                                                                                              D095 PremiumPaymentDate
                                                                         The     premium     payment      terms
                                                                                                                              Contract premium
                                                                         applicable to the insured i.e. any                   T021 DepositPremiumPaymentsDescription
                                                                         premium payment terms, warranties                    T286 MinimumAndDepositPremiumPaymentsDescription
                                                                         and/or conditions. The content under
                                                                         this heading should specify the period
                                                                         in which the insured should settle the
                                                                         premium (i.e. the number of days from
                                                                         the date(s) when the premium is due;
                                                                         whether as a single premium or via
                                                                         instalments) and whether to the broker
                                                                         or directly to the insurer. The
                                                                         Settlement Due Date relates to when
                                                                         the broker should settle the premium
                                                                         to insurers and should be shown under
                                                                         that heading in the Subscription
                                                                         Agreement Section rather than here.
     Market Reform Contract                                                              Data Dictionary                                                             RISK DETAILS SECTION




HEADING NAME        MRC   NAME VARIATIONS                                       DESCRIPTION                                   USAGE      MAPPING TO DATA STANDARD


                          Name              Examples of where used
Bordereaux          Y     Bordereaux        Proportional and non-proportional   Indicate the intervals at which provisional   Optional   Contract section
                                            treaty reinsurance, Marine (open    or definite premium and/or claims                        T011 CessionsBordereauConditions
                                            covers), facultative R/I & direct   bordereaux are to be rendered.                           C016 CessionsBordereauDueByIndicator
                                            property.                                                                                    C015 CessionsBordereauFrequency
                                                                                                                                         T010 ClaimsBordereauConditions
                                                                                                                                         C014 ClaimsBordereauDueByIndicator
                                                                                                                                         C013 ClaimsBordereauFrequency
                                                                                                                                         T012 LossReserveBordereauConditions
                                                                                                                                         C018 LossReserveBordereauDueByIndicator
                                                                                                                                         C017 LossReserveBordereauFrequency
     Market Reform Contract                                                                                 Data Dictionary                                                                   RISK DETAILS SECTION




HEADING NAME               MRC   NAME VARIATIONS                                                   DESCRIPTION                                    USAGE        MAPPING TO DATA STANDARD


                                 Name                           Examples of where used
Commission                 Y     Commission                     All reinsurance                    The percentage (or other basis) of          Optional        Contract section
                                 Overriding commission          All reinsurance                    commisssion allowance against premium                       C510 OverridingCommissionBasis
                                 Ceding commission              All reinsurance                    granted to the reinsured by the reinsurers.                 P028 OverridingCommissionPercentage

Estimated premium income         Estimated premium income       Typically used for Proportional and Estimate of the premium income related to Optional         Contract section
                                                                non-proportional treaty reinsurance, the lines of business and/or coverages                    C036 PremiumIncomeAmountBasis
                                                                Marine Covers                        reinsured.                                                Contract premium
                                 Estimated subject premium      Proportional and non-proportional                                                              A008 EstimatedPremiumIncomeAmount
                                                                treaty reinsurance                                                                             C050 EstimatedPremiumIncomeAmountCurrency



Taxes payable by insured   Y     Taxes payable by insured and   All                                N.B. For all Taxation headings the term         Mandatory   Tax applications
and administered by              administered by insurers                                          “Payable by” refers to the party bearing the                C574 TaxAmountType
insurer(s)                       Taxes payable by assured and                                      economic cost of the tax; the term                          C575 TaxClass
                                 administered by insurers                                          “Administered by” refers to the party                       C576 TaxType
                                                                                                   responsible for settling the tax with the                   C577 TaxAuthorityLocationSupraentity
                                                                                                   relevant taxation authorities (directly, or via             C578 TaxAuthorityLocationCountry
                                                                                                   or their agent).                                            C579 TaxAuthorityLocationSubentity
                                                                                                                                                               C580 Item TaxRateBasis
                                                                                                   Any premium taxes and charges payable                       T309 TaxAuthority LocationDescription
                                                                                                   by the insured, in addition to the premium                  T310 TaxAuthorityLocationSubentityDescription
                                                                                                   stated above, which are collected and/or                    T311 TaxTypeDescription
                                                                                                   administered by insurers or their agent e.g.
                                                                                                   UK Insurance Premium Tax. Any premium
                                                                                                   taxes and charges payable by insurers are
                                                                                                   shown or referenced in the Fiscal and
                                                                                                   Regulatory section. Where it can be
                                                                                                   confirmed that no taxes apply state "none
                                                                                                   applicable". For Lloyd's this information
                                                                                                   may be obtained by viewing Crystal
                                                                                                   (Lloyd's global trading information source -
                                                                                                   available at www.lloyds.com ).
       Market Reform Contract                                                                            Data Dictionary                                                                                          RISK DETAILS SECTION




HEADING NAME                MRC   NAME VARIATIONS                                              DESCRIPTION                                    USAGE                                MAPPING TO DATA STANDARD


                                  Name                                Examples of where used
Profit commission           Y     Profit commission                   All reinsurance          The percentage amount of profit                Conditional, required for specific   Contract section
                                                                                               commission allowed and the percentage          classes                              C057 ProfitCommissionBasis
                                                                                               for reinsurers‟ expenses must be entered                                            C056 ProfitCommissionCalculationFrequency
                                                                                               first under this heading. Following this                                            D120 ProfitCommissionCalculationPeriodEndDateAndTime
                                                                                               must be provision, if any, for deficit carry                                        D015 ProfitCommissionCalculationPeriodStartDateAndTime
                                                                                               forwards and the basis of calculation. If                                           C055 ProfitCommissionCalculationType
                                                                                               there is no deficit carry forward this must                                         C012 ProfitCommissionCarryforward
                                                                                               be made clear.                                                                      T031 ProfitCommissionDescription
                                                                                                                                                                                   D016 ProfitCommissionFirstCalculationDate
                                                                                                                                                                                   P001 ProfitCommissionPercentage


Recording, transmitting &   Y     Recording, transmitting & storing   All                      Details of procedures for storage of data,     Optional                             Contract Section
storing information               information                                                  documents and other information in                                                  T347 RecordingTransmittingAndStoringInformationProvisionsDescription
                                                                                               relation to Data Protection Act.


Insurer Contract            Y     Insurer Contract Documentation      All                      The type(s) of insurer contract          Mandatory                                  Contract Section
Documentation                                                                                  documentation to be produced, by whom it                                            T350 DocumentProductionDetailsDescription
                                                                                               is to be produced and any particular
                                                                                               requirements e.g. any requirement for an
                                                                                               insurer approved policy.

Form                        Y     Form                                All                      The reference or other identification of the   Conditional. Required where          Contract Section
                                                                                               policy form and/or jacket. The wording or      policy is required and form not      T023 InsurancePolicyForm
                                                                                               clauses should not be shown here, these        specified within the Insurer         T029 ReinsuranceContractForm
                                                                                               should be included in the 'Conditions'         Contract Documentation heading
                                                                                               heading.
      Market Reform Contract                                                                                  Data Dictionary                                                                                            RISK DETAILS SECTION




HEADING NAME                 MRC   NAME VARIATIONS                                                  DESCRIPTION                                     USAGE                                MAPPING TO DATA STANDARD


                                   Name                         Examples of where used
Slip policy notice                 Slip policy notice           All                                 A notice to the insured (or reinsured) that     Conditional, required where          Contract Section
                                                                                                    they may request a full policy if required.     company slip policy scheme           T322 SlipPolicyNotice
                                                                                                                                                    used.




Premium reserve & interest   Y     Premium reserve & interest   Proportional and non-proportional   Any premium reserve and applicable              Conditional, required for specific   Contract section
                                                                treaty reinsurance                  interest thereon to be specified (note: if      classes                              C511 PremiumReserveBasis
                                                                                                    interest is not on a per annum basis this                                            T261 PremiumReserveDescription
                                                                                                    must be stated)                                                                      C521 PremiumReserveInterestBasis
                                                                                                                                                                                         T032 PremiumReserveInterestDescription
                                                                                                                                                                                         D017 PremiumReserveInterestDueDate
                                                                                                                                                                                         P006 PremiumReserveInterestPercentage
                                                                                                                                                                                         P005 PremiumReservePercentage
                                                                                                                                                                                         D135 PremiumReserveRetentionPeriodInMonths
                                                                                                                                                                                         P053 TaxOnPremiumReserveInterestPercentage

                                   Premium reserve              Proportional and non-proportional
                                                                treaty reinsurance

Loss reserve & interest      Y     Loss reserve & interest      Proportional and non-proportional   Any loss reserve and applicable interest        Conditional, required for specific   Contract section
                                                                treaty reinsurance                  thereon to be specified (note: if interest is   classes                              T012 LossReserveBordereauConditions
                                   Loss reserve                 Proportional and non-proportional   not on a per annum basis this must be                                                C018 LossReserveBordereauDueByIndicator
                                                                treaty reinsurance                  stated)                                                                              C017 LossReserveBordereauFrequency
                                                                                                                                                                                         T265 LossReserveDescription
                                                                                                                                                                                         T033 LossReserveInterestDescription
                                                                                                                                                                                         D018 LossReserveInterestDueDate
                                                                                                                                                                                         P024 LossReserveInterestPercentage
                                                                                                                                                                                         P004 LossReservePercentage
                                                                                                                                                                                         D134 LossReserveRetentionPeriodInMonths
                                                                                                                                                                                         P052 TaxOnLossReserveInterestPercentage


Cash loss limit              Y     Cash loss limit              Proportional and non-proportional   Circumstances when a claim payment will Conditional, required for specific           Contract section
                                                                treaty reinsurance                  be made in advance of the normal periodic classes                                    A002 CashCallThresholdAmount
                                   Cash loss                    Proportional and non-proportional   account.                                                                             C044 CashCallThresholdAmountCurrency
                                                                treaty reinsurance                                                                                                       T013 CashCallThresholdDescription

Portfolio                    Y     Portfolio                    Proportional and non-proportional   For original portfolios between the          Conditional, required for specific      See detailed mapping to premium and loss portfolio data against the two
                                                                treaty reinsurance                  reassured and reinsurers. Premium and / classes                                      items below.
                                                                                                    or loss portfolios to be assumed or
                                                                                                    returned must be entered showing the
                                                                                                    basis of calculation e.g. in the case of
                                                                                                    premiums whether it is the actual
                                                                                                    unearned or a percentage of the previous
                                                                                                    twelve months written premiums etc, and
                                                                                                    in the case of losses whether it is the
                                                                                                    actual outstanding losses or a percentage
                                                                                                    thereof. It must also be shown whether the
                                                                                                    premium portfolio is subject to deduction of
                                                                                                    commission etc and whether it is to be
                                                                                                    treated as cash or reserve.
      Market Reform Contract                                                                  Data Dictionary                                                                                          RISK DETAILS SECTION




HEADING NAME         MRC   NAME VARIATIONS                                           DESCRIPTION                                USAGE                                  MAPPING TO DATA STANDARD

Portfolio            Y                                                               For original portfolios between the          Conditional, required for specific   See detailed mapping to premium and loss portfolio data against the two
                           Name                  Examples of where used              reassured and reinsurers. Premium and / classes                                   items below.
                           Portfolio transfers   Proportional and non-proportional   or loss portfolios to be assumed or
                                                 treaty reinsurance                  returned must be entered showing the
                                                                                     basis of calculation e.g. in the case of
                                                                                     premiums whether it is the actual
                                                                                     unearned or a percentage of the previous
                                                                                     twelve months written premiums etc, and
                                                                                     in the case of losses whether it is the
                                                                                     actual outstanding losses or a percentage
                                                                                     thereof. It must also be shown whether the
                                                                                     premium portfolio is subject to deduction of
                                                                                     commission etc and whether it is to be
                                                                                     treated as cash or reserve.
      Market Reform Contract                                                                        Data Dictionary                                                                                       RISK DETAILS SECTION




HEADING NAME         MRC   NAME VARIATIONS                                                 DESCRIPTION                                 USAGE                                MAPPING TO DATA STANDARD


                           Name                      Examples of where used
Premium portfolio    Y     Premium portfolio         Proportional and non-proportional     Conditions relating to processing of        Conditional, required for specific   Contract section
                                                     treaty reinsurance                    premium portfolio transfers                 classes                              T259 PremiumPortfolioDescription
                                                                                                                                                                            D011 PremiumPortfolioEntryDate
                                                                                                                                                                            P020 PremiumPortfolioEntryPercentage
                                                                                                                                                                            C516 PremiumPortfolioIndicator
                                                                                                                                                                            D012 PremiumPortfolioWithdrawalDate
                                                                                                                                                                            P021 PremiumPortfolioWithdrawalPercentage



Loss portfolio       Y     Loss portfolio            Proportional and non-proportional     Conditions relating to processing of loss                                        Contract section
                                                     treaty reinsurance                    portfolio transfers                                                              D013 LossPortfolioEntryDate
                                                                                                                                                                            P022 LossPortfolioEntryPercentage
                                                                                                                                                                            C506 LossPortfolioIndicator
                                                                                                                                                                            T436 LossPortfolioDescription
                                                                                                                                                                            D014 LossPortfolioWithdrawalDate
                                                                                                                                                                            P023 LossPortfolioWithdrawalPercentage


Accounts             Y     Accounts                  Typically used for proportional and   Indicate the periods at which accounts are Conditional, required for specific    Contract section
                                                     non-proportional treaty reinsurance   to be rendered and also any provisions for classes                               T014 AccountConditions
                                                                                           bordereaux or other documents which may                                          C020 AccountsDueByIndicator
                           Reports and remittances   Proportional and non-proportional     be necessary to show on a contract.                                              C054 AccountsDueByPeriodType
                                                     treaty reinsurance                                                                                                     Q001 AccountsDueByTimePeriodsQuantity
                                                                                                                                                                            C019 AccountsFrequency
          Market Reform Contract                                       Data Dictionary                                             INFORMATION SECTION




HEADING NAME          MRC   NAME VARIATIONS                               DESCRIPTION                               USAGE           MAPPING TO DATA STANDARD
                            Name              Examples of where used
Information           Y     Information       All                         Details of any information provided to      Mandatory.    Contract Section
                                                                          Insurers to support the assessment of the                 T273 PlacingExplanation
                                                                          risk at the time of placement. Where the
                                                                          information is appropriate for inclusion in
                                                                          the contract it should be shown here.
                                                                          Where the size or format of the information
                                                                          is not suitable for inclusion it should be
                                                                          clearly referenced in this section and
                                                                          should be made available to all insurers
                                                                          during placing.
           Market Reform Contract                                                Data Dictionary                                                               SECURITY DETAILS SECTION
                                                                                                                        (Some of this information is typically provided by the underwriter, within their stamp)




HEADING NAME             MRC   Name variations                                      DESCRIPTION                                     USAGE                                 MAPPING TO DATA STANDARD
                               Name                     Examples of where used
Reinsurer's liability    Y     Reinsurer's liability    All                         Clause to establish the several not joint       Conditional, Required where there     Map to a repeat of Contract section, with
                                                                                    liability of (re)insurers (including names of   is more than one participating        C501 ClauseType set to value
                                                                                    Lloyd's syndicates as well as companies).       insurer or a participating Lloyd's    "sevaral_liability" (need to raise MR to add
                                                                                                                                    syndicate. Recommended as the         new value)
                                                                                                                                    default on all contracts.             Contract section
                                                                                                                                                                          C501 ClauseType
                                                                                                                                                                          C502 ClauseAgency
                                                                                                                                                                          T274 ClauseName
                                                                                                                                                                          T254 ClauseDescription

Order hereon             Y     Order hereon             All                         The heading Order hereon must detail the Mandatory                                    Contract section
                               Order                    All                         order. The usage of this heading is further
                               Share of reinsurers      All reinsurance             described in "Market Reform Slip:
                                                                                    Guidance on expressing Orders and
                                                                                    Written Lines" attached as an appendix to
                                                                                    the Market Reform Slip (May 2007).

Basis of written lines   Y     Basis of written lines   All                         The basis on which subscribing                Mandatory.                              Contract section
                                                                                    (re)insurers written lines are applied to the                                         Cnnn BasisOfWrittenLines
                                                                                    order or contract. The usage of this
                                                                                    heading is further described in "Market
                                                                                    Reform Slip: Guidance on expressing
                                                                                    Orders and Written Lines" attached as an
                                                                                    appendix to the Market Reform Slip (May
                                                                                    2007).

                                                                                    Where a bureau signed policy is required,
                                                                                    and in particular where the order
                                                                                    percentage is not 100%, then a lines
                                                                                    clause should be provided here or within
                                                                                    Conditions; N.B. the appropriate
                                                                                    percentages should be completed prior to
                                                                                    submission of the policy to XIS, based
                                                                                    upon the percentages agreed under the
                                                                                    Security Details section of the MRC. This
                                                                                    allows XIS to ensure that the policy
                                                                                    documentation correctly reflects the order
                                                                                    placed. NMA2419 is typically used for this
Basis of signed lines    Y     Basis of signed lines    All                         The basis on which subscribing               Conditional, required where the
                                                                                    (re)insurers signed lines are applied to the basis differs from the basis of
                                                                                    order or contract. The usage of this         Written Lines.
                                                                                    heading is further described in the Market
                                                                                    Reform Contract.
          Market Reform Contract                                                   Data Dictionary                                                               SECURITY DETAILS SECTION
                                                                                                                          (Some of this information is typically provided by the underwriter, within their stamp)




HEADING NAME              MRC   Name variations                                       DESCRIPTION                                   USAGE                                   MAPPING TO DATA STANDARD
                                Name                      Examples of where used
Signing provisions        Y     Signing provisions        All                         Contracts with more than one participating Conditional, required where there Contract section
                                                                                      insurer must contain a signing provision.  is more than one participating    T361 SigningProvisionsDescription
                                                                                                                                 insurer.




Syndicate pseudonym             Syndicate pseudonym       All                         Three letter pseudonym of a Lloyd's           Conditional, on Syndicate               None
                                                                                      syndicate.                                    participation.
Syndicate id number             Syndicate id number       All                         Number that identifies the a Lloyd's          Conditional, on Syndicate               Contract market
                                                                                      syndicate.                                    participation.                          C478 InsurerIdentification
                                                                                                                                                                            C479 InsurerIdentificationAgency
                                                                                                                                                                            C102 ReinsurerIdentification
                                                                                                                                                                            C103 ReinsurerIdentificationAgency


Company name                    Company name              All                         The name of the company, which must           Conditional, required except for
                                                                                      fully specify the legal entity underwriting   Lloyd's syndicates.
                                                                                      the risk.




Company id number               Company id number         All                         Number that identifies an underwriting       Conditional, on the use of               Contract market
                                                                                      company. For non-marine companies this company identifiers (e.g. for                  C478 InsurerIdentification
                                                                                      in the format X99X9 (the first three         London Bureau companies)                 C479 InsurerIdentificationAgency
                                                                                      characters form the account code, the                                                 C102 ReinsurerIdentification
                                                                                      fourth is the subcode, and the final                                                  C103 ReinsurerIdentificationAgency
                                                                                      character is a check digit). For
                                                                                      Marine/Aviation companies this is in the
                                                                                      format 9999 999 9 (the first four characters
                                                                                      form the account code, the next three
                                                                                      characters form the subcode, and the final
                                                                                      character is a check digit).


Underwriter reference 1         Underwriter's reference   All                         Reference allocated by the underwriter to     Mandatory                               Contract market
                                                                                      the risk.                                                                             R116 InsurerContractReference
                                                                                                                                                                            R009 ReinsurerContractReference

Underwriter reference 2         Underwriter's reference   Nonmarine only              Secondary reference allocated by non-         Optional                                Rnnn InsurerContractSecondaryReference
                                                                                      marine companies - additional to the                                                  Rnnn
                                                                                      underwriter reference 1.                                                              ReinsurerContractSecondaryReference
           Market Reform Contract                                                           Data Dictionary                                                             SECURITY DETAILS SECTION
                                                                                                                                 (Some of this information is typically provided by the underwriter, within their stamp)




HEADING NAME                      MRC   Name variations                                        DESCRIPTION                                   USAGE                                 MAPPING TO DATA STANDARD
                                        Name              Examples of where used
Insurer's written line                  Insurer's line    All                                  Insurers place their stamps and specify         Conditional, although one of the    Contract market
                                                                                               their written lines here. The following text is forms of representing the written   A420 InsurerShareLimitAmount
                                                                                               recommended for use, directly under this line must be used.                         A415 ReinsurerShareLimitAmount
                                                                                               heading, on open market multiple insurer                                            P046 InsurerSharePercentage
                                                                                               contracts: In a co-insurance placement,                                             P037 ReinsurerSharePercentage
                                                                                               following (re)insurers may, but are not
                                                                                               obliged to, follow the premium charged by
                                                                                               the slip leader.

                                                                                               (Re)insurers may not seek to guarantee for
                                                                                               themselves terms as favourable as those
                                                                                               which others subsequently achieve during
                                                                                               the placement.
                                                                                               As the BIPAR principles confirm, a multiple
                                                                                               insurer placement may involve cover being
                                                                                               underwritten at different terms for some or
                                                                                               all of the participating insurers. This can
                                                                                               be handled within a single MRC, for
                                                                                               example by having separate Written Lines
                                                                                               pages holding a schedule of the
                                                                                               information that varies by insurer(s).
                                                                                               Where such an approach is adopted then
                                                                                               the relevant heading within Risk Details
                                                                                               should cross-refer to the content held
                                                                                               within the Security Details section.


Insurer's written line in units                           Treaty reinsurance                   The reinsurer's share expressed as a          Conditional, although one of the      Contract Market
                                                                                               number of units.                              forms of representing the written     Q028 InsurerShareNumberOfUnits
                                                                                                                                             line must be used.                    Q029 ReinsurerShareNumberOfUnits

Insurer's written line in lines                           Surplus line treaty reinsurance      The reinsurer's share expressed as a          Conditional, although one of the      Contract Market
                                                                                               number of lines.                              forms of representing the written     Q026 InsurerShareNumberOfLines
                                                                                                                                             line must be used.                    Q027 ReinsurerShareNumberOfLines
Line Conditions                         Line Conditions   All                                  Conditions applied by an insurer specific to Optional
                                                                                               their line. In accordance with Lloyd‟s
                                                                                               Bulletin Y4153, and comparable IUA
                                                                                               guidance for companies, insurers are
                                                                                               reminded that “they should not use „best
                                                                                               terms and conditions‟ clauses or engage in
                                                                                               market practice which has the same effect
                                                                                               unless they have first obtained legal advice
                                                                                               that the use of such a clause or practice
                                                                                               would be lawful ...” (see Bulletin for
                                                                                               definition & full guidance).
          Market Reform Contract                                              Data Dictionary                                                             SECURITY DETAILS SECTION
                                                                                                                   (Some of this information is typically provided by the underwriter, within their stamp)




HEADING NAME            MRC   Name variations                                    DESCRIPTION                                  USAGE                                  MAPPING TO DATA STANDARD
                              Name                   Examples of where used
Signing Instructions          Signing instructions   All                         Indicator to show that the line is written "To Optional
                                                                                 Stand"



Insurer's signed line                                All                         A contract may be "oversubscribed" by a      Conditional, required for a        Contract Market
                                                                                 broker (that is, the total amount            subscription placement. Provided P046 InsurerSharePercentage
                                                                                 underwritten may be more than the actual     after the completion of placement, P037 ReinsurerSharePercentage
                                                                                 amount at risk). When preparing the slip     typically by the broker.
                                                                                 for submission to London bureau the                                             Signed Lines should be notifed in a
                                                                                 broker should adjust each written line in                                       separate m,essage containing signed lines
                                                                                 accordance with the provisions in the                                           only - see ACORD Placing Implementation
                                                                                 contract, or as agreed with underwriters,                                       Guide.
                                                                                 the lines total the exact percentage
                                                                                 required.                                                                           The original ritten lines may also be sent
                                                                                                                                                                     as informative items - see P062
                                                                                                                                                                     InsurerWrittenPercentage and P063
                                                                                                                                                                     ReinsurerWrittenpercentage
Market Reform Contract                                                                  Data Dictionary                                                                SUBSCRIPTION AGREEMENT SECTION




HEADING NAME            MRC   NAME VARIATIONS                                           DESCRIPTION                                            USAGE                                 MAPPING TO DATA STANDARD
                              Name                             Examples of where used
                                                                                        The content of the key fields within this section of
                                                                                        the contract is described in an appendix to the
                                                                                        Market Reform Contract



Slip leader             Y     Slip (contract) leader           All                      The name of the slip leader must be clearly           Mandatory                              Contract market
                                                                                        identified. If known when the contract is produced it                                        Map to repeat of "Contract market", with
                                                                                        should be entered by the broker. If not, the slip                                            C552 ParticipantFunction set to value "leader"
                                                                                        leader must enter it when writing the contract. In                                           T238 InsurerAddressCityName
                                                                                        situations where the Slip Leader is a non-bureau                                             C480 InsurerAddressCountry
                                                                                        insurer, it may also be necessary to have a Bureau                                           T237 InsurerAddressNumberAndStreet
                                                                                        Leader to facilitiate the necessary bureau                                                   T239 InsurerAddressZipOrPostalCode
                                                                                        processing. In such cases subsequent contract                                                R116 InsurerContractReference
                                                                                        provisions will need to be specific with regard to                                           C478 InsurerIdentification
                                                                                        which leader is applicable to any Slip Leader                                                C479 InsurerIdentificationAgency
                                                                                        agreements.                                                                                  T230 InsurerName
                                                                                                                                                                                     T221 ReinsurerAddressCityName
                                                                                                                                                                                     C464 ReinsurerAddressCountry
                                                                                                                                                                                     T220 ReinsurerAddressNumberAndStreet
                                                                                                                                                                                     T222 ReinsurerAddressZipOrPostCode
                                                                                                                                                                                     R009 ReinsurerContractReference
                                                                                                                                                                                     C102 ReinsurerIdentification
                                                                                                                                                                                     C103 ReinsurerIdentificationAgency
                                                                                                                                                                                     T017 ReinsurerName


Bureau Leader           N     Bureau Leader                    All classes              The name of the bureau leader where this differs       Conditional, only required where it
                                                                                        from the Slip Leader.                                  varys from Slip Leader.


Basis of agreement to   Y     Basis of agreement to contract   All                      By this heading the agreement process for contract Mandatory                                 Contract section
contract changes              changes                                                   changes must be stated. Therefore the contract                                               T348 ContractChangesAgreementBasisDescription
                                                                                        must specify any leading underwriter agreement
                                                                                        that applies e.g. GUA and applicable class of
                                                                                        business schedule etc. Alternatively under this
                                                                                        heading it may specify who will agree different
                                                                                        types of contract changes.
Market Reform Contract                                                                            Data Dictionary                                                              SUBSCRIPTION AGREEMENT SECTION




HEADING NAME                  MRC   NAME VARIATIONS                                               DESCRIPTION                                          USAGE                                 MAPPING TO DATA STANDARD
                                    Name                                 Examples of where used
Other agreement parties for Y       Other agreement parties for contract All                      This heading is used solely to identify those          Conditional, must only be present   Contract market
contract changes, for Part 2        changes for Part 2 GUA changes                                insurers that will agree changes affecting Part if the GUA is used (London                 Map to repeat of "Contract market", with
GUA changes only                    only                                                          Two of the GUA. The relevant GUA schedule              Placements)                         C552 ParticipantFunction set to value of
                                                                                                  separates contract changes into three parts - part                                         "other_agreement_party"
                                                                                                  one includes alterations that the slip leader may                                          T238 InsurerAddressCityName
                                                                                                  agree on behalf of all underwriters; part three                                            C480 InsurerAddressCountry
                                                                                                  details alterations that must be submitted for                                             T237 InsurerAddressNumberAndStreet
                                                                                                  agreement by all underwriters; and part two                                                T239 InsurerAddressZipOrPostalCode
                                                                                                  changes are those that are not included in part one                                        R116 InsurerContractReference
                                                                                                  and part three. Those parties, in addition to the slip                                     C478 InsurerIdentification
                                                                                                  leader, to agree part two alterations on behalf of                                         C479 InsurerIdentificationAgency
                                                                                                  the following market must be stated under this                                             T230 InsurerName
                                                                                                  heading.                                                                                   T221 ReinsurerAddressCityName
                                                                                                                                                                                             C464 ReinsurerAddressCountry
                                                                                                                                                                                             T220 ReinsurerAddressNumberAndStreet
                                                                                                                                                                                             T222 ReinsurerAddressZipOrPostCode
                                                                                                                                                                                             R009 ReinsurerContractReference
                                                                                                                                                                                             C102 ReinsurerIdentification
                                                                                                                                                                                             C103 ReinsurerIdentificationAgency
                                                                                                                                                                                             T017 ReinsurerName

Agreement parties for         Y     Other agreement parties for contract All                      State those insurers, other than the Slip Leader,    Conditional, used only where
contract changes, for their         changes, for their proportion only                            who will agree contract changes on their own         insurers wish to agree contract
proportion only                                                                                   behalf.                                              changes for their own proportion.


Basis of claims agreement     Y     Basis of claims agreement            All                      The claims agreement procedure(s) must be            Mandatory                             Contract Section
                                                                                                  specified, namely the "Lloyd's 2006 Claims                                                 T354 ClaimsAgreementBasisDescription
                                                                                                  Scheme" if there are any subscribing Lloyd's
                                                                                                  syndicates and/or the "IUA claims agreement
                                                                                                  practices", if there are any subscribing bureau
                                                                                                  company insurers. Any other risk specific
                                                                                                  agreement procedures must also be included.


Claims agreement parties      Y     Claims agreement parties             All                      The name(s) or other identifier(s) of (all of) the   Mandatory                             Contract market
                                                                                                  Lloyd's syndicate(s) and/or insurance                                                      Map to repeat of "Contract market", with
                                                                                                  company(ies) to be the claims agreement parties                                            C552 ParticipantFunction set to value of
                                                                                                  should appear under this heading. These will vary                                          "claim_agreement_party"
                                                                                                  depending on the class of business and market.                                             T238 InsurerAddressCityName
                                                                                                                                                                                             C480 InsurerAddressCountry
                                                                                                                                                                                             T237 InsurerAddressNumberAndStreet
                                                                                                                                                                                             T239 InsurerAddressZipOrPostalCode
                                                                                                                                                                                             R116 InsurerContractReference
                                                                                                                                                                                             C478 InsurerIdentification
                                                                                                                                                                                             C479 InsurerIdentificationAgency
                                                                                                                                                                                             T230 InsurerName
                                                                                                                                                                                             T221 ReinsurerAddressCityName
                                                                                                                                                                                             C464 ReinsurerAddressCountry
                                                                                                                                                                                             T220 ReinsurerAddressNumberAndStreet
                                                                                                                                                                                             T222 ReinsurerAddressZipOrPostCode
                                                                                                                                                                                             R009 ReinsurerContractReference
                                                                                                                                                                                             C102 ReinsurerIdentification
                                                                                                                                                                                             C103 ReinsurerIdentificationAgency
                                                                                                                                                                                             T017 ReinsurerName
Market Reform Contract                                                                           Data Dictionary                                                             SUBSCRIPTION AGREEMENT SECTION




HEADING NAME                MRC   NAME VARIATIONS                                                DESCRIPTION                                          USAGE                           MAPPING TO DATA STANDARD
                                  Name                                  Examples of where used
Claims administration       Y     Claims administration                 All                      All claims related information with the exception of Mandatory                       Contract Section
                                                                                                 identification of agreement parties and the claims                                   T355 ClaimsAdministrationDescription
                                                                                                 agreement procedures must be included here.
                                                                                                 Clarification is required as to which insurers will
                                                                                                 use CLASS and the use of email and/or access to
                                                                                                 repositories. Where it is intended to use the
                                                                                                 Electronic Claims File (ECF) then the following
                                                                                                 wording may be used. " Broker XYZ and insurers
                                                                                                 agree that any claims hereunder (including any
                                                                                                 claims related costs/fees) will be notified and
                                                                                                 administered via ECF with any payment(s)
                                                                                                 processed via CLASS, unless both parties agree to
                                                                                                 do otherwise."

Rules and extent of any     Y     Rules and extent of any other         All                      If any of the claims agreement parties specified       Mandatory.                    Contract section
other delegated claims            delegated claims authority                                     above have delegated any of their claims                                             T356 ClaimsDelegatedAuthorityDescription
authority                                                                                        agreement rights or procedural obligations to any
                                                                                                 other party, this is to be specified including any
                                                                                                 limits that may apply. It is the responsibility of the
                                                                                                 claims agreement insurers, i.e. those that are
                                                                                                 defined as claims parties, to update this section as
                                                                                                 necessary. It may be left blank where no such
                                                                                                 delegation is taking place.
Expert(s) fees collection   Y     Expert(s) fees collection             All                      The party(ies) responsible for the collection of  Conditional, required for direct   Contract section
                                                                                                 expert(s) fees. There are six options available   risks and some reinsurance.        T357 ExpertFeesCollectionMethodDescription
                                                                                                 under the expert(s) fees collection arrangements.
                                                                                                 These options can be found in the appendix to the
                                                                                                 Market Reform Contract. N.B. this heading is
                                                                                                 optional on reinsurance business.



Settlement due date         Y     Settlement due date                   All                      The Settlement Due Date refers to the date (day,       Mandatory                     Contract section
                                                                                                 month and year) by which the insurers wish to                                        D063 SettlementDueDate
                                                                                                 receive their premium or the due date of the 1st
                                                                                                 instalment if the premium is on a deferred basis.
                                                                                                 Please note that the date shown here is a term of
                                                                                                 trade and not a policy condition such as a
                                                                                                 “Premium payment warranty” or a “Premium
                                                                                                 payment condition”. These must continue to be
                                                                                                 shown under the Payment Terms heading in the
                                                                                                 Risk Details section. The location of the SDD in
                                                                                                 this section of the slip does not confer any change
                                                                                                 in legal effect of the SDD or the implications of non-
                                                                                                 compliance.



Instalment premium period   Y     Instalment premium period of credit   All                      The number of days to be added to the client due     Conditional, required where     Contract section
of credit                                                                                        dates of subsequent instalments. No further          premium is to be paid via       Dnnn DeferredPremiumCreditPeriod
                                                                                                 information other than the instalment premium        instalments.
                                                                                                 period of credit should be entered under this
Adjustment premium period Y       Adjustment premium period of credit All                        heading. number of days after expiry insurers
                                                                                                 Specify the                                          Conditional, required where     Contract section
of credit                                                                                        expect the final adjustment of premium (if any) to   applicable for premium          Q025 AdjustmentPremiumCreditPeriodNumberOfDays
                                                                                                 be paid.                                             adjustments
Market Reform Contract                                                               Data Dictionary                                                SUBSCRIPTION AGREEMENT SECTION




HEADING NAME               MRC   NAME VARIATIONS                                     DESCRIPTION                                      USAGE               MAPPING TO DATA STANDARD
                                 Name                       Examples of where used
Bureaux arrangements       Y     Bureaux arrangements       All                      Any specific arrangements relating to the bureaux Mandatory          Contract section
                                                                                     including administrative arrangements for premium                    T358 BureauxArrangementsDescription
                                                                                     settlement, delinked accounting, and policy signing
                                                                                     or basis of policy agreement clauses may be
                                                                                     included here.
Non-bureaux arrangements   Y     Non-bureaux arrangements   All                      To be used as appropriate to record any specific    Optional         Contract Section
                                                                                     provisions relating to insurers outside of the                       T359 NonBureauxArrangementsDescription
                                                                                     bureau.
   Market Reform Contract                                           Data Dictionary                   FISCAL AND REGULATORY SECTION



HEADING NAME                MRC   Name variations                                      DESCRIPTION                                  USAGE
                                  Name                        Examples of where used
                                                                                       The content of the key fields within this
                                                                                       section of the contract is described in an
                                                                                       appendix to the Market Reform Contract


Tax payable by insurer(s)   Y     Tax payable by insurer(s)   All                      N.B. For all Taxation headings the term      Mandatory
                                                                                       “Payable by” refers to the party bearing the
                                                                                       economic cost of the tax.

                                                                                       This heading shows taxes where the
                                                                                       insurer bears the immediate cost, i.e. the
                                                                                       taxes are deductions from the premium
                                                                                       retained by the insurer. Generally these
                                                                                       include income taxes, insurance levies
                                                                                       and withholding taxes but insurers can
                                                                                       also be liable for premium taxes and other
                                                                                       parafiscal charges, such as German fire
                                                                                       brigade charge or French national
                                                                                       catastrophe levy amongst others.
                                                                                       It should also be clear which party is
                                                                                       responsible for making the payment to the
                                                                                       authorities, i.e. the insurer, local
                                                                                       intermediary, or insured.


Country of origin           Y     Country of origin           All                      The country in which the insured, if a        Mandatory
                                                                                       private individual, lives or, if a company or
                                                                                       other body corporate, has its main
                                                                                       business address.
   Market Reform Contract                           Data Dictionary                 FISCAL AND REGULATORY SECTION



HEADING NAME       MRC      Name variations                            DESCRIPTION                           USAGE
                            Name              Examples of where used
Overseas broker    Y        Overseas broker   All                      For non-UK risks, the names and address Mandatory
                                                                       of the insurance intermediary prior to the
                                                                       London placing broker, involved in placing
                                                                       this contract. The insurance intermediary
                                                                       whose details are required is usually the
                                                                       intermediary who is next to the London
                                                                       placing broker in the placing chain. If no
                                                                       intermediary is involved, other than the
                                                                       London placing broker, this information
                                                                       under this heading should be "Direct
                                                                       assured " or "Direct reassured ". For UK
                                                                       risks this heading can be completed as
                                                                       "Not applicable " or "None ".
    Market Reform Contract                                Data Dictionary                   FISCAL AND REGULATORY SECTION



HEADING NAME           MRC   Name variations                                 DESCRIPTION                                   USAGE
                             Name                   Examples of where used
Surplus lines broker   Y     Surplus lines broker   All                      The name and address and license             Conditional, required where the
                                                                             number of the US surplus lines broker (or US Classification is US Surplus
                                                                             producer) involved in the placing of the     Lines.
                                                                             risk. In respect of the address the state
                                                                             must be provided as a minimum. This
                                                                             surplus lines broker will have filed details
                                                                             of the risk with a US state insurance
                                                                             department or other authority. For most
                                                                             risks it will also have arranged payment of
                                                                             the tax.




State of filing        Y     State of filing        All                      The US State or territory in which a filing   Conditional, required where the
                                                                             has been made, or will be made, by the        US Classification is "US Surplus
                                                                             surplus lines broker(s) mentioned in the      Lines".
                                                                             above heading.

License information    Y     License information    All                      This heading has been included for use in Optional. Not required at present
                                                                             the future. Until further instructions are for regulatory reporting.
                                                                             issued it does not need to be included
                                                                             within the contract.




US classification      Y     Us classification      All                      Only the following values should be           Conditional, required for all risks
                                                                             entered:                                      where a) the original premium is
                                                                             - US Surplus Lines                            in US Dollars; or b) the original
                                                                             - US Reinsurance                              premium is in another currency
                                                                             - Illinois licensed                           and the Country of Origin is the
                                                                             - Kentucky licensed                           US.
                                                                             - US Virgin Isles licensed
                                                                             - Non Regulated (Non-US risk, Industrial
                                                                             insured, MAT exemption or Independent
                                                                             procurement) or Exempt
                                                                             - Various
   Market Reform Contract                                                  Data Dictionary                  FISCAL AND REGULATORY SECTION



HEADING NAME               MRC   Name variations                                              DESCRIPTION                               USAGE
                                 Name                                Examples of where used
NAIC codes                 Y     Naic codes                          USA Reinsurance          The NAIC company code of the ceding US Conditional, required for risks
                                                                                              insurer.                                   with the US Classification of "US
                                                                                                                                         reinsurance".
Allocation of premium to   Y     Allocation of premium to coding     All                      The risk code allocated and the split of   Conditional (mandatory where
coding                                                                                        premium for signing purposes.              there are Lloyd's participations)
                                                                                              If the contract covers risks situated in
                                                                                              more than one country, the contract should
                                                                                              include a breakdown of the premium by
                                                                                              country. This can be provided on a
                                                                                              spreadsheet (which may be the same one
                                                                                              used to specify tax and accounting split
                                                                                              information).
                                                                                              If the premium is broken down by country
                                                                                              and by risk code, the relationship between
                                                                                              these breakdowns must be clear. For
                                                                                              some classes, e.g. workers‟
                                                                                              compensation, the basis of apportionment
                                                                                              should also be shown (turnover, staff
                                                                                              numbers etc.). Some risk codes relate to
                                                                                              particular countries. The premiums
                                                                                              allocated to such risk codes should tie up
                                                                                              with those allocated to the countries
                                                                                              concerned. A premium split between
                                                                                              Overseas Legislation Terrorism risk codes
                                                                                              and main peril risk codes should tie up
                                                                                              with the apportionment of the premium to
                                                                                              the territory concerned.
Allocation of premium to   Y     Allocation of premium to years of   All                      A breakdown of the premium by year of      Conditional, required on risks
years of account                 account                                                      account.                                   where the period exceeds 18
                                                                                                                                         months.
   Market Reform Contract                                                      Data Dictionary                  FISCAL AND REGULATORY SECTION



HEADING NAME                 MRC   Name variations                                                DESCRIPTION                              USAGE
                                   Name                                  Examples of where used
FSA client classification    Y     Fsa client classification             All risks                FSA Client classification. There are 6     Mandatory
                                                                                                  possible options, and their usage is spelt
                                                                                                  out in Appendix E 2.10 of the MRC v1.2
                                                                                                  guidance. Consumer; Consumer exempt;
                                                                                                  Commercial Customer; Large risk; Group
                                                                                                  risks; Reinsurance.



Is the business subject to   Y     Is the business subject to distance   All classes              This heading must be included if the Client Conditional, required if client
distance marketing                 marketing directive?                                           Classification heading specifies Consumer classification heading specifies
directive?                                                                                        or Consumer Exempt For all other FSA        Consumer or Consumer Exempt
                                                                                                  Client Classifications it must be omitted.
                                                                                                  Where it appears the only applicable
                                                                                                  answers are Yes or No.
   Market Reform Contract                                            Data Dictionary                                  BROKER REMUNERATION
                                                                                                                     AND DEDUCTIONS SECTION


HEADING NAME             MRC   Name variations                                          DESCRIPTION                                    USAGE
                               Name                            Examples of where used
Fee payable by Client?   Y     Fee payable by Client?          All                      The broker should specify whether the          Mandatory
                                                                                        client is paying a fee to them. This should
                                                                                        be a simple “Yes” or “No” answer.

Total brokerage          Y     Total brokerage                 All                      The total brokerage allowance. Should the      Conditional, required where retail
                                                                                        broker and insurer agree it is appropriate     and wholesale brokerage is not
                                                                                        to separate total brokerage into separate      split out.
                                                                                        retail and wholesale amounts they must
Retail brokerage         Y     Retail brokerage                All                      The amount of brokerage and „Wholesale
                                                                                        use the „Retail Brokerage‟ being earned by     Conditional, required where retail
                                                                                        the retail broker. This heading must only      and wholesale brokerage is to be
                                                                                        be used in conjunction with the „Wholesale     split out.
                                                                                        Brokerage‟ heading.
Wholesale brokerage      Y     Wholesale brokerage             All                      The amount of brokerage bring earned by        Conditional, required where retail
                                                                                        the wholesale broker. This heading must        and wholesale brokerage is to be
                                                                                        only be used in conjunction with the „Retail   split out.
                                                                                        Brokerage‟ heading.

Other deductions from    Y     Other deductions from premium   All                      Any additional deductions from premium Mandatory
premium                                                                                 e.g. administration fees, sundry payments,
                                                                                        etc. (if this does not apply, enter "None"
                                                                                        under this heading)
Market Reform Contract           Structure of ACORD
                                   Electronic Data




                         Part relevant to MRC mappings

								
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