The LRECLM message is used by companies to exchange information regarding a claim or claims on a policy or policies which have been reinsured. The message will be used for both ceded and assumed reinsurance.
To head, identify and specify a message.
To indicate the type and function of a message and to transmit the identifying number.
To specify date, and/or time, or period.
To specify currencies used in the transaction and relevant details for the rate of exchange.
To identify a person or a department to whom communication should be directed.
To provide free form or coded text information.
