What are the deadlines for cession data?
In order to receive coverage from CAR, the cession record for new business policies (TX1) must be received at CAR within 23 calendar days subsequent to the policy effective date. In order to receive coverage from CAR, the cession record for renewal policies (TX2) must be received at CAR on or before the policy effective date. If a cession record is received after one of these deadlines, then CAR coverage begins on the date that the cession is received at CAR (rather than the policy effective date). If the premium data is received before the cession record, then CAR coverage will begin with the receipt date of the premium data.
