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Policy Basis

Policy Basis is reference CR0354 in Lloyd's Coverholder Reporting Standards v5.2. It is a conditional enum field on premium (core risk) bordereaux. Accepts 2 permitted values.

Lloyd's reference
CR0354
Status
Conditional
Data type
enum
Allowed values
Claims madeLosses occurring

Applies to

Premium (core risk)Mandatory here

Premium bordereaux report the money written against each risk, including taxes and deductions.

Mapping this field from a coverholder file?

BDXFlow maps your columns to Policy Basis automatically, checks the format, and flags rows that would fail validation before you submit.

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Related fields

CR0001Reporting Period Start DateCR0002Reporting Period End DateCR0005Unique Market Reference (UMR)CR0006Agreement NoCR0007Section NoCR0010Year of Account

BDXFlow is not affiliated with, endorsed by, or connected to Lloyd’s. This page lists the structure of the Coverholder Reporting Standards: reference, data type, format and report applicability, described in our own words so you can map files against it. For the official definitions and guidance, see Lloyd’s Reporting Standards. “Lloyd’s” is a registered trademark of the Society of Lloyd’s.