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1.7.2 Classes of business required in QMC430 (non-life) and QMC431 (life) are those set out in Article 159<br />
of the Framework Directive, Annexes V and <strong>II</strong> respectively. The following is a list of classes of<br />
business that are applicable to Lloyd’s<br />
Classes of non- life insurance (Annex V) – QMC430<br />
� Accident and sickness<br />
� Motor (excluding carrier’s liability)<br />
� Fire and other damage to property<br />
� Aviation, marine and transport<br />
� General liability<br />
� Credit and suretyship<br />
� Other classes<br />
Classes of life insurance (Annex <strong>II</strong>) – QMC431<br />
� Life insurance<br />
� Permanent health insurance<br />
1.8 Reporting configuration<br />
1.8.1 All forms are to be completed in currency units, not 000's, unless specified on the form. Generally,<br />
all values must be entered as positive numbers unless otherwise stipulated on the forms and<br />
instructions.<br />
1.9 Completion of forms<br />
1.9.1 All amounts on each form must be completed as indicated on the form. Additional guidance is<br />
provided in respect of each form in these instructions.<br />
1.9.2 Certain figures disclosed on some forms in the return must agree or relate to figures on other forms.<br />
1.10 ‘Analysis’ cells<br />
1.10.1 Certain cells require analysis of material amounts to be provided in the analysis section (i.e. a<br />
description and details of the material amount must be disclosed). For such items, the system will<br />
generate a sequentially numbered continuation sheet. Where we have identified common reasons for<br />
an ‘other’ entry, use the suggested description in the analysis section where appropriate.<br />
1.10.2 Any amount greater than £1m must be given a description that is sufficient for the reader to<br />
understand its nature. General terms such as “other,” “miscellaneous,” etc. should not be used for<br />
amounts greater than £1m. Descriptions given to amounts below £1m will be at the discretion of the<br />
agent and auditor given the circumstances of the syndicate and the nature of the analysis figure.<br />
1.11 Equitas<br />
1.11.1 The QMC must be prepared on a basis of recognising the reinsurance to close of all 1992 and prior<br />
non-life business into Equitas, effective as at 31 December 1995. In particular, only transactions,<br />
assets and liabilities relating to 1993 and post non-life business (and ALL life business) must be<br />
9
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