The Market Reform Contract Endorsement (MRCE). February 2008. Agenda. Background Scope Objectives Structure Timescales Example Benefits E-MRCE Further Information Questions?. June 2006. December 2007. Q1 2008. June 2007. February 2008. Slip Developments and Versions.
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The Market Reform Contract Endorsement (MRCE)
Market Reform Slip (MRS)
Market Reform Contract Endorsement (MRCE)
Electronic MRCE (E-MRCE)
Market Reform Contract (MRC)
MRC and MRCE for Binders & Lineslips
Should be used for all contract changes, premium adjustments, reinstatement provisions in respect of:
Changes to binding authorities and lineslips. Separate guidance being developed, watch this space…
The Honeycomb no longer exists!
In the absence of an insurer specified Settlement Due Date, the Settlement Due Date will be calculated by applying the terms of trade for the original premium to whichever is the later of either: 1) the latest effective date of the subject matter of the contract endorsement; or 2) the date on which the final insurer agreement is obtained.
MRCE must be used for all in-scope contract changes from 1st April 2008
Non GUA Example
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A copy of the MRCE Implementation guide can be found at:
A copy of the MRCE Data Dictionary can be found at: