Market Reform Contract Endorsement Data Dictionary

v1.0
Name Examples of where used
Risk and
Endorsement
Identification
Details
UMR Unique Market
Reference
All Unique Market Reference - this is a reference allocated
to the contract by the broker at Firm Order stage, which
uniquely identifies a contract and remains constant on all
subsequent related business transactions. This
reference can be incorporated as a separate heading or
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 Lloyds Broker number and then a
unique reference which cannot have more than 12
alphanumeric characters. Refer to Appendix C for
guidance on correct completion.
Mandatory Contract
R008 BrokerContractReference
Registration
Policy Number All
Risk Reference All
Risk and
Endorsement
Identification
Endorsement Reference Endorsement Ref All Id of a change made to a reinsurance contract, the
contract being changed, cancelled or reissued.
Mandatory Contract Endorsement
R037 EndorsementReference
Endorsement Ref.
Risk and
Endorsement
Identification
Details
Type Type All This heading must incorporate details of the type of
contract e.g. Marine Hull.
Optional Contract
C003 ContractType
T022 ContractTypeDescription
Contract Section Class
C008 JvClassOfBusiness
C133 NaicClassOfBusiness
T007 ClassOfBusinessDescription
<none>
Insured All
Insured & location All insurance (except D&O, PI,
FI)
Assured Marine, PI, D&O, FI
Life assured US Healthcare
Insured person US Healthcare, D&O
Policyholder US Healthcare, D&O
Named insured D&O, Marine liability
Name of firm PI
Name of practice PI
Company D&O
Sponsoring employer
company
Pension Trustee Liability
Reinsured Aviation reinsurance, PI fac
reinsurance, D&O fac
reinsurance, FI fac
reinsurance
Reinsured & location All reinsurance
Reassured PI reinsurance, D&O
reinsurance, FI reinsurance,
Marine reinsurance
Writing company All reinsurance.
Risk and
Endorsement
Identification
Details
Retrocedent Retrocedent All retrocession. The retrocedents name, address and/or business as
applicable (full address need not be given - Country
and/or State of Domicile is sufficient).
Conditional, required for retrocession Contract
C084 CedentIdentification
C085 CedentIdentificationAgency
T003 CedentName
T257 CertificateRecipientCedentName
T277 CedentDescription
T269 CedentAddressNumberAndStreet
T271 CedentAddressZipOrPostCode
T270 CedentAddressCityName
C528 CedentAddressCountrySubEntity
C529 CedentAddressCountry
Assured/Account
Original insured Fac reinsurance. Proportional
and non-proportional treaty
reinsurance.
Original assured Fac reinsurance. Proportional
and non-proportional treaty
reinsurance.
Original name insured Medical malpractice
reinsurance
Contract
T025 OriginalPolicyInsuredName
C117 OriginalPolicyholderIdentification
C118 OriginalPolicyholderIdentificationAgency
T051 OriginalPolicyholderName
T329 OriginalPolicyholderOperationsDescription
T330 OriginalPolicyholderAddressNumberAndStreet
T331 OriginalPolicyholderAddressZipOrPostCode
T332 OriginalPolicyholderAddressCityName
C591 OriginalPolicyholderAddressCountrySubEntity
C592 OriginalPolicyholderAddressCountry
Insured
Assured/Account Original Insured The insureds name, address and/or business as
applicable on the original contract/policy, that is the
subject of the facultative reinsurance.
Conditional, required for facultative R/I
HEADING NAME Name variations DESCRIPTION
Assured/Account
Reinsured The Reinsureds name and where appropriate their
address and/or business (full address need not be given
- Country and/or State of Domicile is sufficient).
Conditional, required if risk is
reinsurance.
Contract
C084 CedentIdentification
C085 CedentIdentificationAgency
T003 CedentName
T257 CertificateRecipientCedentName
T277 CedentDescription
T269 CedentAddressNumberAndStreet
T271 CedentAddressZipOrPostCode
T270 CedentAddressCityName
C528 CedentAddressCountrySubEntity
C529 CedentAddressCountry
Assured/Account
The insureds name and, where appropriate, address
and/or business.
MAPPING TO "HONEYCOMB" USAGE MAPPING TO DATA STANDARD
Conditional, required if risk is
insurance.
Contract
C442 InsuredIdentification
C479 InsurerIdentificationAgency
T206 InsuredName
T278 InsuredDescription
T249 InsuredOperationsDescription
T240 InsuredAddressNumberAndStreet
T241 InsuredAddressZipOrPostCode
T242 InsuredAddressCityName
C483 InsuredAddressCountrySubEntity
C484 InsuredAddressCountry
T248 InsuredAddressWebSiteURL
Attaching to Policy Number Policy Number Optional
Under review in relation to Electronic
Placing "thread reference"
Contract
R004 BrokerRiskReference
Notes
Risk and
Endorsement
Identification
Details
MRCE Section
Risk and
Endorsement
Identification
Details
Risk and
Endorsement
Identification
Details
Risk and
Endorsement
Identification
Details
244847655.xls.ms_office
Printed: 9/20/2014 1:34 AM
Page 1 of 4
Market Reform Contract Endorsement Data Dictionary
v1.0
Name Examples of where used
HEADING NAME Name variations DESCRIPTION MAPPING TO "HONEYCOMB" USAGE MAPPING TO DATA STANDARD Notes MRCE Section
Original reinsured All retrocession.
Original reassured PI retrocession, D&O
retrocession, FI retrocession,
Marine retrocession
Contract Changes Endorsement Effective
Date
Effective date All Date on which the provisions (to be) agreed in an
endorsement take effect
Mandatory Contract Endorsement
D137 EndorsementEffectiveDate
Within body of endorsement details.
Contract Changes (Detail contained in the
Contract Changes
section)
- N/A - All Full textual description of an endorsement Textual summary of the changes
effected by the endorsement enabling.
Included in dictionary in anticipation of
ACORD message usage. This
summary allows recipients to easily
identify what changes have been
made where a full re-statement of the
contract is provided.
Contract Endorsement
T276 EndorsementDescription
Risk and
Endorsement
Identification
Details
Broker Broker All Broker firm name including optionally address
information.
Mandatory (identification via branding
is sufficient)
Contract
T006 BrokerName
T018 BrokerDescription
T267 BrokerAddressNumberAndStreet
T268 BrokerAddressZipOrPostCode
T253 BrokerAddressCityName
C526 BrokerAddressCountrySubEntity
C525 BrokerAddressCountry
Broker
Risk and
Endorsement
Identification
Details
Broker Number Broker number All Codified identification of the broker. Mandatory. May be extracted from
UMR. Where the Broker number
differs from that found in the UMR (for
example as a result of a mid term
broker change) the new broker
number must be provided explicitly.
Contract
C092 BrokerIdentification
C093 BrokerIdentificationAgency
Broker LPSO No.
Contract
Administration and
Advisory
Settlement Due Date Settlement due date All The Settlement Due Date refers to the date (day, month
and year) by which the insurers wish to 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.
Conditional required where an
additional premium applies.
Contract section
D063 SettlementDueDate
Settlement Due Date
Contract
Administration and
Advisory
Instalment Premium
Period of Credit
Instalment premium
period of credit
All The number of days to be added to the client due dates
of subsequent instalments. No further information other
than the instalment premium period of credit should be
entered under this heading.
Conditional required where additional
premium is required by instalments.
Contract section
Q033 DeferredPremiumCreditNumberOfTimePeriods
C651 DeferredPremiumCreditPeriodType
Def. (Number of days Terms of Trade for
deferred premiums)
Contract
Administration and
Advisory
Adjustment Premium
Period of Credit
Adjustment premium
period of credit
All Specify the number of days after expiry insurers expect
the final adjustment of premium (if any) to be paid.
Conditional required where premium is
adjustable.
Contract section
Q025 AdjustmentPremiumCreditPeriodNumberOfDays
Adj. (Number of days Terms of Trade for final
adjustment)
Premium All
Rate All
The premium to be paid by the insured. Premiums in
respect of War coverage must be identified separately to
premiums in respect of other insured perils. Any
premium instalment information must be shown here
and not under the Payment Terms heading.
Conditional on Premium Adjustments
and Reinstatement Premiums that
require insurer approval being due as
a result of the contract changes.
Contract premium
A010 BasisOfDepositPremiumAmount
C052 BasisOfDepositPremiumAmountCurrency
C563 DeferredPremiumPaymentIndicator
A007 DepositPremiumAmount
C049 DepositPremiumAmountCurrency
Q007 DepositPremiumInstalmentsTotalNumber
D006 DepositPremiumPayableByDate
T021 DepositPremiumPaymentsDescription
C035 DepositPremiumPaymentsDuePeriodType
A444 EndorsementPremiumAmount
C549 EndorsementPremiumAmountCurrency
A445 EndorsementReturnPremiumAmount
C550 EndorsementReturnPremiumAmountCurrency
A442 EstimatedPremiumAmount
C547 EstimatedPremiumAmountCurrency
A387 GnpiEstimatedSubjectPremium
C448 GnpiEstimatedSubjectPremiumCurrency
A009 MinimumAndDepositPremiumAmount
C051 MinimumAndDepositPremiumAmountCurrency
Q018 MinimumAndDepositPremiumInstalmentsTotalNumber
D138 MinimumAndDepositPremiumPayableByDate
T286 MinimumAndDepositPremiumPaymentsDescription
C552 MinimumAndDepositPremiumPaymentsDuePeriodType
A006 MinimumPremiumAmount
C048 MinimumPremiumAmountCurrency
A421 PremiumAmount
C545 PremiumAmountCurrency
Premium
Original Reinsured The Original Reinsureds name and address as
applicable (full address need not be given - Country
and/or State of Domicile is sufficient).
Conditional, required for retrocession Contract
C105 OriginalInsurerOrReinsurerIdentification
C106 OriginalInsurerOrReinsurerIdentificationAgency
T334 OriginalInsurerOrReinsurerFullNameAndAddress
T050 OriginalInsurerOrReinsurerName
T333 OriginalInsurerOrReinsurerLocationDescription
T334 OriginalInsurerOrReinsurerDescription
Assured/Account Risk and
Endorsement
Identification
Details
Contract Changes
244847655.xls.ms_office
Printed: 9/20/2014 1:34 AM
Page 2 of 4
Market Reform Contract Endorsement Data Dictionary
v1.0
Name Examples of where used
HEADING NAME Name variations DESCRIPTION MAPPING TO "HONEYCOMB" USAGE MAPPING TO DATA STANDARD Notes MRCE Section
Premium basis Facultative reinsurance.
Taxes payable by
insured and
administered by insurers
All
Taxes payable by
assured and
administered by insurers
All
Agreement (Provided for in
Agreement section)
Conditional Leading U/WR. (Acceptance initials)
Agreement (Provided for in
Agreement section)
Conditional Underwriter Initials
Agreement (Provided for in
Agreement section)
Conditional Contract market
Map to repeat of "Contract market", with
C552 ParticipantFunction set to appropriate value {leader,
follower}
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
Underwriter Synd/Coy
- N/A - Currency Insured
- N/A - VAT Code
- N/A - TOC Tribunal
- N/A - Serial Number
- N/A - Registration Category (Binding Authority
registration scheme number and date)
- N/A - Gross Premium - Total - In All
- N/A - Gross Premium - Lloyd's - In All
- N/A - Gross Premium - ILU - In All
- N/A - Gross Premium - LIRMA - In All
- N/A - Gross Premium - Other Companies - In All
- N/A - Gross Premium - Total - Marine War
- N/A - Gross Premium - Lloyd's - Marine War
- N/A - Gross Premium - ILU - Marine War
- N/A - Gross Premium - LIRMA - Marine War
- N/A - Gross Premium - Other Companies - Marine
War
- N/A - LPSO Number
- N/A - LPSO Date
- N/A - Planned Settlement Date
- N/A - ILU Number
- N/A - ILU Date
- N/A - LIRMA Number
Present on endorsement Honeycomb but no longer required.
Present on endorsement Honeycomb but no longer required.
Present on endorsement Honeycomb but no longer required.
Present on endorsement Honeycomb but no longer required.
The premium to be paid by the insured. Premiums in
respect of War coverage must be identified separately to
premiums in respect of other insured perils. Any
premium instalment information must be shown here
and not under the Payment Terms heading.
Conditional on Premium Adjustments
and Reinstatement Premiums that
require insurer approval being due as
a result of the contract changes.
Contract premium
A010 BasisOfDepositPremiumAmount
C052 BasisOfDepositPremiumAmountCurrency
C563 DeferredPremiumPaymentIndicator
A007 DepositPremiumAmount
C049 DepositPremiumAmountCurrency
Q007 DepositPremiumInstalmentsTotalNumber
D006 DepositPremiumPayableByDate
T021 DepositPremiumPaymentsDescription
C035 DepositPremiumPaymentsDuePeriodType
A444 EndorsementPremiumAmount
C549 EndorsementPremiumAmountCurrency
A445 EndorsementReturnPremiumAmount
C550 EndorsementReturnPremiumAmountCurrency
A442 EstimatedPremiumAmount
C547 EstimatedPremiumAmountCurrency
A387 GnpiEstimatedSubjectPremium
C448 GnpiEstimatedSubjectPremiumCurrency
A009 MinimumAndDepositPremiumAmount
C051 MinimumAndDepositPremiumAmountCurrency
Q018 MinimumAndDepositPremiumInstalmentsTotalNumber
D138 MinimumAndDepositPremiumPayableByDate
T286 MinimumAndDepositPremiumPaymentsDescription
C552 MinimumAndDepositPremiumPaymentsDuePeriodType
A006 MinimumPremiumAmount
C048 MinimumPremiumAmountCurrency
A421 PremiumAmount
C545 PremiumAmountCurrency
Taxes Payable by
Insured and
administered by Insurers
Any premium taxes and charges payable by the insured
in addition to the premium stated above, which are
collected and/or administered by insurers e.g. UK
Insurance Premium Tax. Any premium taxes and
charges payable by insurers must be shown in the Fiscal
& Regulatory section. If no taxes payable, state none
do not leaving heading blank.
Conditional on Premium Adjustments
and Reinstatement Premiums that
require insurer approval being due as
a result of the contract changes.
Tax applications
C574 TaxAmountType
C575 TaxClass
C576 TaxType
C577 TaxAuthorityLocationSupraentity
C578 TaxAuthorityLocationCountry
C579 TaxAuthorityLocationSubentity
C580 Item TaxRateBasis
T309 TaxAuthority LocationDescription
T310 TaxAuthorityLocationSubentityDescription
T311 TaxTypeDescription
Premium
Present on endorsement Honeycomb but no longer required.
Present on endorsement Honeycomb but no longer required.
Present on endorsement Honeycomb but no longer required.
Present on endorsement Honeycomb but no longer required.
Present on endorsement Honeycomb but no longer required.
Present on endorsement Honeycomb but no longer required.
Present on endorsement Honeycomb but no longer required.
Present on endorsement Honeycomb but no longer required.
Present on endorsement Honeycomb but no longer required.
Present on endorsement Honeycomb but no longer required.
Present on endorsement Honeycomb but no longer required.
Present on endorsement Honeycomb but no longer required.
Present on endorsement Honeycomb but no longer required.
Present on endorsement Honeycomb but no longer required.
Present on endorsement Honeycomb but no longer required.
Present on endorsement Honeycomb but no longer required.
Present on endorsement Honeycomb but no longer required.
Contract Changes
Contract Changes
244847655.xls.ms_office
Printed: 9/20/2014 1:34 AM
Page 3 of 4
Market Reform Contract Endorsement Data Dictionary
v1.0
Name Examples of where used
HEADING NAME Name variations DESCRIPTION MAPPING TO "HONEYCOMB" USAGE MAPPING TO DATA STANDARD Notes MRCE Section
- N/A - LIRMA Date Present on endorsement Honeycomb but no longer required.
244847655.xls.ms_office
Printed: 9/20/2014 1:34 AM
Page 4 of 4