11/26/2021
(ASC X12) 562 Rate or Value Type Code
TYPE=ID MIN=1 MAX=2
Code identifying method used to determine the type of rate, value, or percent details
Codes
| 1 | Base Coverage |
| 2 | Coverage for Rider |
| 3 | Coverage in Units |
| 4 | Retention Per Life |
| 5 | Retention Per Policy |
| 6 | Total Reinsurance Amount |
| 7 | Face Amount |
| 8 | Coverage Amount |
| 9 | Specified Amount |
| B | Bailout |
| D | Declared |
| E | Earned |
| F | Fixed |
| G | Guaranteed |
| I | Indexed |
| O | Original |
| P | Paid |
| T | Tiered |
| W | Withheld |
| AB | Average Basic Rate |
| AC | Actual |
| AD | Advance |
| AE | Average Effective Rate |
| AR | Age Reduced Rate |
| BL | Blended |
| BO | Bonus |
| CB | Chargeback |
| CR | Conversion Rate |
| DR | Direct Rate |
| DT | Deferred Trail Rate |
| ES | Estimated |
| IN | Initial |
| OI | Overhead or Indirect Rate |
| OT | Other |
| PA | Participation |
| PO | Portfolio Rate |
| RF | Renewal First Year Rate |
| RR | Renewal Rate |
| RS | Renewal Subsequent Year Rate |
| SA | Special |
| SP | Split |
| SR | Standard Rate |
| TR | Trail Rate |
| UA | Unit or Lot Average |
| UT | Unit Total |
| VA | Variable |
Appears in
| CLI | Cost Line Item |
| CRT | Contractor Report Type |
| RPA | Rate Amounts or Percents |
Categories: