562 Rate or Value Type Code

Code identifying method used to determine the type of rate, value, or percent details

Type

Identifier (ID)

Length

Min 1 / Max 2

Codes

Code	Description
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
AB	Average Basic Rate
AD	Advance
AE	Average Effective Rate
AR	Age Reduced Rate
BO	Bonus
CB	Chargeback
CR	Conversion Rate
DR	Direct Rate
DT	Deferred Trail Rate
OI	Overhead or Indirect Rate
OT	Other
RF	Renewal First Year Rate
RR	Renewal Rate
RS	Renewal Subsequent Year Rate
SP	Split
SR	Standard Rate
TR	Trail Rate
UA	Unit or Lot Average
UT	Unit Total