Page 326 - Motor Insurance Ebook IC 72

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requirements and codes, they are permitted to use
codes for their specific requirements, in which case a
Code master of such codes are to be set to the TAC
along with the quarterly returns An example of such
code may be a sub-zone code adopted by the insurers
e.g. Commercial Vehicle Zone A sub-zone 2 (Delhi
NCR) etc.

The TAC data requirement is under three major sets.
Various alphanumeric codes have been assigned to the
data e.g. Vehicle makes code, Insurer code etc. The
requirement is of individual records. The data sets
are:
a. Underwriting policy data
b. OD claims paid data
c. TP Claims paid data

It may be mentioned at this juncture that owing to the
dilution of functions of TAC in recent years, the IRDA
has constituted the Insurance Information Bureau (IIB)
which has taken the place of TAC as data depository.
Hence reference to TAC may be read as reference to
IIB.

Q.3 Why Policy data set is required in underwriting
data input? Elaborate.

Ans: Policy data set includes:

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