Australian Capital Territory
Civil Law (Wrongs) Insurers Reporting Requirements Notice 2003 (No 1)
Notifiable instrument NI2003—477
made under the
Civil Law (Wrongs) Regulations 2003, regulation 6 

That part of the text of the Australian Prudential Regulation Authority reporting standard GRS 210.1 (Premium Liabilities – Insurance Risk Charge) that is applied by regulation 6(1)(c) is notified in accordance with the Legislation Act 2001, section 47 (Statutory instrument may make provision by applying law or instrument). 
A copy of the applied text is set out in the schedule.

  Jon Stanhope 
  Attorney General
  20 November 2003

Schedule
(I)	Houseowners/Householders
This class covers the common H & H policies inclusive of:
•	Contents;
•	Personal property;
•	Arson;
•	Burglary.
Public liability normally attaching to these products are to be separated and included in Public and Product Liability class of business – Item 8. 
(II)	Commercial Motor Vehicle
Motor vehicle insurance (including third party property damage) other than insurance covering vehicles defined below under Domestic Motor Vehicle. It includes long and medium haul trucks, cranes and special vehicles and policies covering fleets. 
(III)	Domestic Motor Vehicles
Motor vehicle insurance (including third party property damage) covering private use motor vehicles including utilities and lorries, motor cycles, private caravans, box and boat trailers and other vehicles not normally covered by business or commercial policies.
(IV)	Travel
Insurance against losses associated with travel including loss of baggage and personal effects, losses on flight cancellations and overseas medical costs. 
(V)	Fire and Industrial Special Risks (ISR)
FIRE:
Includes all policies normally classified as ‘Fire’ and includes:
•	sprinkler and leakage;
•	subsidence;
•	windstorm;
•	hailstorm;
•	crop;
•	arson;
•	loss of profits and any extraneous risk normally covered under fire policies, e.g. flood. 
ISR:
Standard policy wordings exist for this type of policy. All policies which contain such standard wordings or where the wording is substantially similar are to be classified as ISR. 
(VI)	Marine
Includes Marine Hull (including pleasure craft), Marine Cargo (including sea and inland transit insurance).
(VII)	Aviation
	Aviation (including aircraft hull and aircraft liability).
(VIII)	Mortgage
Insurance against losses arising from the failure of debtors to meet financial obligations to creditors or under which payment of debts is guaranteed. It includes lease guarantee. 
(IX)	Consumer Credit (CCI)
Insurance to protect a consumer’s ability to meet the loan repayments on personal loans and credit card finance in the event of death or loss of income due to injury, illness or unemployment. 
(X)	Other Accident
Includes the following types of insurance:
•	Miscellaneous accident (involving cash in transit, theft, loss of money);
•	All risks (baggage, sporting equipment, guns);
•	Engineering when not part of ISR or Fire Policy;
•	Plate glass when not part of packaged policy (eg homeowners/householders);
•	Guarantee (Insurance bonds);
•	Live Stock;
•	Pluvius; and
•	Sickness and Accident [which provides stated benefits where the insured is killed or suffers loss of specific parts of the body or is prevented from carrying out the insured’s normal occupation. In addition, regular benefits may be paid over a short period of time (typically less than 3 years), noting that continuous disability  policies are now considered to be Life Insurance Policies and should be provided by General Insurance Companies].
(XI)	Other
All other insurance business not specifically mentioned elsewhere. It includes for example:
•	All guarantees (eg. Fidelity guarantee);
•	Trade Credit;
•	Extended Warranty (incudes insurance by a third party for a period in excess of the manufacturer’s or seller’s normal warranty);
•	Kidnap and Ransom; and 
•	Contingency.
(XII)	Compulsory Third Party Motor Vehicles (CTP)
This class consists only of CTP business. 
(XIII)	 Public and Product Liability
•	Public Liability covers legal liability to the public in respect of bodily injury or property damage arising out of the operation of the insured’s business. Product Liability includes policies that provide for compensation for loss or injury caused by, or as a result of, the use of goods. And also environmental clean-up caused by pollution spills where not covered by Fire and ISR policies. 
•	Also will include builders warranty insurance. 

(XIV)	Employers’ Liability (EL)
Incudes:
•	Worker’s compensation;
•	Seamen’s compensation; and 
•	Domestic workers compensation.