M1 Insurance
To specify details related to insurance
Position
Element
Name
Type
Requirement
Min
Max
Repeat
M1-01
Country Code
Identifier (ID)
Mandatory
2
2
-
Code identifying the country.
M101 is the code identifying the country in whose currency the insurance is specified.
M1-02
Carriage Value
Numeric (N0)
Mandatory
2
8
-
Carriage value expressed in whole units of the standard monetary denomination for the currency specified.
M1-03
Declared Value
Numeric (N2)
Optional
2
10
-
Monetary assigned value expressed in the standard monetary denomination for the currency specified.
M1-04
Rate/Value Qualifier
Identifier (ID)
Optional
2
2
-
Code qualifying how to extend charges or interpret value.
M1-05
Entity Identifier Code
Identifier (ID)
Optional
2
2
-
Code identifying an organizational entity or a physical location.
M105 (Organization Identifier) is the code for the beneficiary of the insurance policy.
M1-06
Free Form Message
String (AN)
Optional
1
30
-
Free-form information.
M106 is free-form information used to describe the type of insurance coverage.