PaymentTypeCd

Description
Identifies the type of reserve or payment made. This includes true claims payments and adjustment expenses, as well as negative payment actions from subrogation recoveries, stop payments, and cancelled payments.Please note that a VOID of a prior payment should use a negative amount in order to effect a zero balance. This element uses the PaymentType code list.

Type : Element
DataType : PaymentType
ValueDescription
ExpenseAdjusterPaidAdjuster Expenses Paid this Month
AdjExpAdjustment Expense
AdjustmentAdjustment made to an earlier financial transaction.
FeesResvAmount of Fees Reserved
ClosingExpenseReserveClosing Expense Reserve
ClosingLossDeductibleReserveClosing Loss Deductible Reserve
ClosingLossReserveClosing Loss Reserve
ClosingSalvageReserveClosing Salvage Reserve
ClosingSubrogationReserveClosing Subrogation Reserve
CounterCountermand - Reversal of an earlier reversal
DeductRecoveryDeductible Recovery
ExpenseDefencePaidDefence Expenses Paid this month
ExGratiaEx gratia payment
ExpenseAdjusterExpense - Adjuster
ExpenseAppraiserExpense - Appraiser
ExpenseExpertExpense - Expert
ExpenseLegalExpense - Legal
ExpenseManagementFeeExpense - Management Fee
ExpensePrivateInvestSecurityGuardExpense - Private Invest./Security Guard
ExpenseReserveChangeExpense Reserve Change
ExpensePaidExpenses Paid this Month
FeesPaidFees Paid
FeesPaidNoVATFees paid, where this amount has no VAT applied to it.
FeesPaidVATAppliedFees paid, where this amount has VAT applied to it
FeesPaidVATExemptFees paid, where this amount has VAT exempt from it.
FinalFinal Payment
HDDLCHeads of Damage - Defendant Legal Costs
HDFCSHeads of Damage - Future Caring Services
HDFELHeads of Damage - Future Economic Loss
HDFMHHeads of Damage - Future Medical and Hospital Costs
HDGENHeads of Damage - General Damages
HDINTHeads of Damage - Interest
HDINVHeads of Damage - Investigation Costs
HDOTHHeads of Damage - Other
HDPELHeads of Damage - Past Economic Loss
HDPMHHeads of Damage - Past Medical and Hospital Costs
HDPLCHeads of Damage - Plaintiff Legal Costs
IndPaidIndemnity Paid
InitialExpenseReserveInitial Expense Reserve
InitialLossDeductibleReserveInitial Loss Deductible Reserve
InitialLossReserveInitial Loss Reserve
InitialSalvageReserveInitial Salvage Reserve
InitialSubrogationReserveInitial Subrogation Reserve
ExpenseLegalPaidLegal Expenses Paid this Month
LossDeductibleReserveChangeLoss Deductible Reserve Change
LossResvLoss Reserve
LossReserveChangeLoss Reserve Change
AdjusterFeeOtherCreditOther Recovery on Adjuster Fees payment
ExpenseExpertOtherCreditOther Recovery on Expert Expenses payment
IndemnityOtherCreditOther Recovery on Indemnity payment
ExpenseLegalOtherCreditOther Recovery on Legal Expenses payment
PaymentPayment
PrevExpenseAdjusterPrevious Adjuster Expenses
PrevExpenseDefencePrevious Defence Expenses
PrevIndPreviouse Indemnity Incurred
PrevExpensePrevious Expenses
PrevFeesPrevious Fees Incurred
PrevExpenseLegalPrevious Legal Expenses
PrevExpenseTPAPrevouse TPA Expenses
RecoveryRecovery
AdjusterFeeRecoveryRecovery on Adjuster Fees payment
ExpenseExpertRecovery Recovery on Expert Expenses payment
IndemnityRecoveryRecovery on Indemnity payment
ExpenseLegalRecoveryRecovery on Legal Expenses payment
ReOpeningExpenseReserveRe-Opening Expense Reserve
ReOpeningLossReserveRe-Opening Loss Reserve
ExpenseAdjusterResvReserve Adjuster Expenses
ExpenseDefenceResvReserve Defence Expenses
ExpenseResvReserve Expenses
ExpenseLegalResvReserve Legal Expenses
ExpenseTPAResvReserve TPA Expenses
ReturnOfOverPaidExpensePaymentReturn Of Over Paid Expense Payment
ReturnOfOverPaidLossPaymentReturn Of Over Paid Loss Payment
SRecovSalvage/Subrogation Recovery
SalvRecoverySalvage Recover
AdjusterFeeSalvage Salvage Recovery on Adjuster Fees payment
ExpenseExpertSalvageSalvage Recovery on Expert Expenses payment
IndemnitySalvageSalvage Recovery on Indemnity payment
ExpenseLegalSalvageSalvage Recovery on Legal Expenses payment
SalvageReserveChangeSalvage Reserve Change
StopPayStop Payment
SubrRecoverySubrogation Recovery
AdjusterFeeSubrogationSubrogation Recovery on Adjuster Fees payment
IndemnitySubrogationSubrogation Recovery on Indemnity payment
ExpenseLegalSubrogationSubrogation Recovery on Legal Expenses payment
SubrogationReserveChangeSubrogation Reserve Change
ExpenseExpertSubrogationSubrogration Recovery on Expert Expenses payment
FeesPaidVATThe VAT amount on fees paid, which have VAT applied to it.
TotalFeesIncurredTotal Fees Incurred
TFCTotal Fees Incurred Change
TotalIncurredTotal Incurred
TotalIndIncurredTotal Indemnity Incurred
TICTotal Indemnity Incurred Change
ExpenseTPAPaidTPA Expenses Paid this Month
TransferTransferred financial transaction from one claim to another.
VoidVoided Check/Draft