Registry Detail

Details

ID:
1105
Type:
Proposal
Last updated:
19/04/2001 11:10:00
Description:
Comment on CPC V.1.0 codes 71332, 71334

Request

Request for Change Change "owned by individuals" to "used for individual purpose or private use".

Discussion

US - transport services of passengers or freight Australia - The proposed change is a little ambiguous. Prefer original description in CPC.

Decision

Change of CPC V.1.0 code 71332 to read: 71332 Marine, aviation, and other transport insurance services This subclass includes: - underwriting services of insurance policies which cover risks relating to the use of: - commercial passenger and freight vessels whether operating on oceans, coastal waterways or inland waterways - commercial aircraft - railway rolling stock - satellite launching insurance services Note: risks covered include liability, hull damage or loss of the vessel, and loss of or damage to aircraft or railway rolling stock This subclass does not include: - underwriting services of insurance policies for non-commercial vessels and aircraft, cf. 71334 Also change CPC V.1.0 code 71334 to read: 71334 Other property insurance services This subclass includes: - underwriting services of insurance policies which cover risks of damage to or loss of property excluding that covered in subclass 71331 (Motor vehicle insurance services), 71332 (Marine, aviation, and other transport insurance services) and 71333 (Freight insurance services). Risks covered may include fire, theft, explosion, storm, hail, frost, natural forces, nuclear energy, and land subsidence - insurance services of non-commercial vessels and aircraft - boiler and machinery insurance, which covers property spoilage from lack of power, light, heat, steam or refrigeration