Another question on the ISR – this time the endorsements
It is amazing how questions seem to come in a run on the one related topic. I got this one last Friday.
I am trying to get some historical narrative on the various endt codes
Ie, old Goodlad v newer references v LMI references .
If I reference the clauses in the green book, I can see as much as possible you have left the historical references.
Would you be able to give me some context on how you have applied the LMI references , and if you have any context to the historical referencing.
Adam [surname and email provided]
The endorsement codes run into 3 broad categories.
- If the endorsement code ends with XB4 then it was drafted by David Goodlad or someone else for the original advisory version. 4 stands for Mark 4, 5 for Mark 5.
- If the endorsement code ends with XS4 then again it was drafted by David Goodlad or someone else for the modified version. The “S” stands for ‘Supplementary’.
- If LMI had something to do with the rewriting or drafting of a new endorsement we left the old endorsement code for audit purposes and used a new code which uses PC which stands for PolicyCoach, as the 5th and 6th letters of the endorsement code. The next letter is the version of the endorsement i.e. A or B etc and then the last digit remains as the number of the ISR version i.e. 4 or 5.
- If we come across an endorsement that does not have a code we create one and try and bring the source into the code and or make mention of the drafter in the coach’s comments.
The list of endorsements has increased – continues to increase, since I wrote the ISR books and there are now over 600 endorsements.
To keep this updated is a big job but LMI provide the updated complete list of endorsements with the endorsement code, the endorsement name, the endorsement wording and the coach’s comments via an annual subscription to PolicyCoach.