Preparation Product registration Part 1a

Under which logo will the product be marketed?

Invoicing for licence fees is linked to the company marketing the product. So the product then falls under the back office of that company. This company is therefore also the portfolio manager.

Company name / logo

Target group:
Name the type of insurance that may be developed on the basis of this product.
In that case, this product is just a framework for developing other products that may not fall outside this framework.

If relevant

Name the parties that may be involved in insurance underwriting based on the coordinates below:

Contractor :

1) No
2) Yes.

Insured (if other than contractor)

1) No
2) Yes.

A broker (if you work with sub-agents as an intermediary)

1) No
2) Yes, we are the label provider

A central administrator
As with Rabobank, where all Rabobanks have their financial administration done centrally. But it could also be a VVE or a

A sub-agent/adviser (if you are an insurer or GA)

1) No
2) Yes, example needed

An insurer or several insurers

1) No
2) Yes, list of names required

An insurer engaged in Special Limits

1) No
2) Yes.

A broker/broker who handles part of the reinsurance

1) No
2) Yes, info required

Royalties:
If this product has been assembled or designed by an external party, have you made arrangements in terms of a fee payable by you?
If yes, this will be itemised via the financial accounts in the general ledger in the account opened by your company for this purpose.

1) no
2) o/o on the turnover of this product: ...o/oo
3) amount per policy: € ......

Languages employees :
By default, we offer our software for employees who can speak Dutch or English. This is also convenient for foreign insurers who are watching.
If required, we can also offer the on-screen language in other languages.
If desired: which language(s)?

1) Not interested
2) Interested

Client languages :
By default, all output (letters/policy documents, invoices) is composed on the basis of the Dutch language. Would you also like to be able to supply documents in the language your customers speak? If so, which languages?

1) Dutch
2) Yes, namely
..................
........................................................

Which party will remit taxes to the Inspectorate for this product?
Note: Invoices will always mention the taxes due, but if they are subsequently remitted by another party, this will affect the general ledger processing.

1) your company
2) the intermediary/broker
3) your authorised agent
4) the lead insurer

5) the insured itself

Insurance tax abroad
Do you also wish to offer this insurance product to your Dutch clients who wish to insure interests located outside the Netherlands?

1) No
2) Yes.

If yes, please specify on invoices the taxes due there.

1) No
2) Yes.

Are there any insurers involved on the product, which themselves owe taxes such as Corporate tax in Belgium.

1) No
2) Yes.

Clients abroad
Do you also wish to offer this product to customers residing outside the Netherlands?
If so, which countries?

1) No

2) Yes,

Currency:
Do you wish to have the option to offer this product based on another currency?
If yes, which one?

1) No
2) Yes,

What is the name of the product ?
This is not the industry, but the commercial name.
You then link this to an industry in a general sense.

To which branch does the product belong in a general sense ?
An industry list is available.

Contractor / Insured
For this product, can the identity of the Contractor and the insured differ?

1) identical
2) different is conceivable

Chain registration
If chain registration is involved, the advisory tasks are performed by advisers affiliated to a central administration such as a service provider, a travel organisation or Rabobank. Is this product intended for cooperation with a specific chain whose financial records are held centrally?

1) No
2) Yes , namely with the following organisation(s):……………………………………………………………................................

Is it continuous insurance or expiring?

1) continuous
2) expiring

Sum insured
Is this product a single sum insured (sum of all insured interests)?
If so, the sum insured can therefore be calculated by summing the parts of the package: a square count for verification is then desirable.

1) Offsettable
2) Not nettable

Subsequent calculations/declarations
Does your insurance product contain any form of claim-based premium calculation?
If so, think of business interruption insurance, goods turnover.
So the system will then prompt the customer to provide the required information.

1) No
2) Yes

Which contract period applies to the agreement?
This may be important for the customer regarding the stability of his insurance costs.

12 months
24 months
36 months

Annual premium allowed in instalments ?
If yes, by 1,2,3,4,6,12,24 or 36 months

1 month

2 months

3 months

4 months

6 months

12 months

24 months

36 months

Regarding renewals:
Will annual prolongation be done manually?
Will the annual prolongation be able to take place automatically?
Or is an action desired which will release the prolongation once in due course.

1) manual prolongation
2) automatic
3) call for action desired

Signing years (yoa) or financial years
Is registering the signing year relevant on this insurance product?
This is important because any claim reserves should be able to be charged to the correct year.

1) Drawing years
2) Accounting years

For this form of insurance, is there any possibility of cumulation ?
If yes : it makes sense to consult Google Earth because of neighbouring interests.

1) Yes
2) No

Is a single rate module applicable to this product?
A multiple rate module varies by component/interest.

1) single
2) multiple

Insurance package
If there is a package of insurable parts, it is important that you complete a form (see below) for each part.
Think of combinations such as Buildings, Contents, Goods, Legal Assistance, Liability)

1) Is not a package
2) Is a package

General description
Describe in general terms a few lines of text that you can print on policies and invoices.
Purpose : to inform the customer of the purpose of the insurance he has.

Description on account statements:
Short text to indicate which insurance is involved.

Risk code
Do you wish to add statistical value to this product or not? If yes, please include list.

1) Yes
2) No

Rate code
Do you wish to apply one or more tariff modules for this product?

1) one
2) several

Technical inspection:
For this product, do you record the date of the most recent technical inspection?

1) Yes
2) No

Expert valuation:
Is a valuation relevant for this product? In particular, the date of this.

1) Yes
2) No

For this product, is there an unambiguous identity for all interests ?

Consider a car registration number, a boat registration number, a date of birth, a postcode or an address. All insurable interests relate to these.

...........................

Is the product intended for business customers ?
Or for private consumers ?

1 private

2 business

On risk coverage:
1 Is the product placed with one fixed insurer offering 100% coverage?
2 Or is it an authorised agent offering 100% cover through one or more proxies?
3 Or are you an intermediary who has taken out insurance for a client with a party that does not use the Accounts Centre?
4 Or are you an intermediary who uses co-insurance?
5 Or are you a party that also seeks coverage from third parties?
6 Or do you participate in coverage and leave co-insurance to third parties?
7 Or is the risk covered by insurers operating in international markets?

1

2

3

-

4

5

6

7

On responsibilities:
Which party will take care of the maintenance of this product?
This includes underwriting, policy formatting, claims handling, etc.

1) your company
2) a specialist appointed by you
3) an authorised agent
4) the lead insurer

Digital archive:
All documents to be accessed from the policy file, incl all new documents yet to be issued.

Prolongation fees:
Are prolongation fees charged if customers want to receive their invoices by email?

Yes, € ....
No

Are prolongation fees charged if customers want to receive their invoices by post ?

Yes, € ....
No

Documents on the occasion of prolongation:
Which documents should be provided to the customer on the occasion of prolongation:

1) green card
2) commercial damage declaration
3) goods declaration
4) goods-in-storage declaration
5) declaration form insured objects

6) ???

Direct debit

Is collection from the customer by invoice or by direct debit via our Account Centre?

1) invoice
2) invoice with direct debit

Premium collection
Which parties can be appointed for premium collection for this product

1) direct debit on behalf of your company
2) direct debit on behalf of your GI
3) collection on behalf of the adviser
4) collection on behalf of a service provider
5) ??