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Auto Territory Coverage: Attribute Definitions
| Attribute | Description | |
|---|---|---|
| 1 | Basic Limit | the minimum limits of liability that can be purchased by an insured |
| 2 | Basic Limit Loss | a property insurance limit that is less than the total property values at risk but high enough to cover the total property values actually exposed to damage in a single loss occurrence. |
| 3 | Car Years | the proportion of a calendar year during which a private passenger motor vehicle can be identified as being insured for physical damage insurance coverage. |
| 4 | Coverage | Code that identifies the exposure coverage associated with the manual class code. |
| 5 | Earned Premium | The term earned premium refers to the premium collected by an insurance company for the portion of a policy that has expired. |
| 6 | Excess Limit Loss | Losses in Excess of Policy Limits — this is an expression used in reinsurance agreements that refers to damages awarded by a court against an insurer in favor of the insured, due to the insurer's having failed to settle a third-party claim against the insured within the policy limits by reason of bad faith, fraud, or gross negligence. |
| 7 | Excess Limit | the highest amount of insurance that will be offered in a given situation in excess of basic limits. |
| 8 | Incurred Count | Losses Incurred — the total amount of losses sustained during a given time period that are paid and unpaid but reserved. |
| 9 | Incurred Loss | The total amount of paid claims and loss reserves associated with a particular time period, usually a policy year. It does not ordinarily include incurred but not reported (IBNR) losses. |
| 10 | LOB | Line of Business |
| 11 | State | One of the United States |
| 12 | Territory | Geographical location, sub unit of state |
| 13 | Zipcode | 5 digit postal code |
Section I. Tables
Policy
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Line of Business
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Transaction
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Claim Detail
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Premium Detail
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Coverage Code
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State
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Transaction Code
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Subline
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Company
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Type of Business
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Class Group
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Class Group Type
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Section II: Reports Covered
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