The reserve placement date must be the same as or after the date the health-care incident occurred.
The reserve may be adjusted during the lifetime of a claim. However, the date(s) when the reserve was adjusted should not be reported.
This data element should be used in conjunction with the data element: Date—accuracy indicator, code AAA to flag whether each component in the date is accurate, estimated or unknown.
This date is of particular significance in the context of the Medical Indemnity National Collection (MINC) as the placing of a reserve against a matter indicates when it was considered likely to materialise in a medical indemnity claim and so is required to have occurred for a claim to be reported to the MINC.
See also Date—accuracy indicator, code AAA Community Services, Standard 30/09/2005, Housing assistance, Standard 23/08/2010, Health, Standard 04/05/2005, Early Childhood, Standard 21/05/2010, Homelessness, Standard 23/08/2010