Reason for Cancellation
Reason for Cancellation is reference CR0299 in Lloyd's Coverholder Reporting Standards v5.2. It is a conditional enum field on premium (core risk) bordereaux. Accepts 10 permitted values.
- Lloyd's reference
- CR0299
- Status
- Conditional
- Data type
- enum
- Allowed values
Product unsuitable/misunderstoodProduct too expensiveAlternative product purchasedCover overlapped with pre-existing coverProduct cancelled within cooling off periodProduct cancelled by underwriterPoor service/complaintCover no longer requiredOther (administrative reason)Not known
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 Reason for Cancellation automatically, checks the format, and flags rows that would fail validation before you submit.
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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.