How do I complete questions 4L (Business Line) and 4M (Policy Excess) under PII Policy Details?
Business lines for policy excesses should only be selected for FSA regulated activity that you have undertaken in the past or will undertake during the period covered by the policy. If the firm has only one policy excess covering all regulated activity, then you should select ‘All’ from the drop-down list. If the firm has an increased policy excess for one specific business line (e.g. endowments), it should select it from the drop-down list and enter the increased policy excess. The firm should then ‘Add’ a business line, and in the line beneath select ‘All other’ and enter the firm’s standard policy excess. If the firm has an increased policy excess for a business line that is not in the drop-down list, then the most relevant ‘other’ should be selected.
