Some Cross-Cutting Issues 331
premi um supplement, attributed to the policy-
holders. Conceptually, general government or
public sector institutional units as policyholders
might potential ly record property income reve-
nue, classifi ed as property income from investment
income disburse ments (1414). Th e counterpart
entry to this revenue is an increase in the fi nan-
cial asset for nonlife in surance technical reserves
(32061) or provisions for calls under standard-
ized guarantee schemes (32065). However, the
revenue related to this item is not always known
to GFS compilers. Th erefore, this revenue is not
recorded in GFS and remains an adjustment item
between GFS and national ac counts.- Claims receivable—Claims become due when
the event that gives rise to a valid claim occurs,
regardless of whe ther paid, settled, or reported
during the reporting period. Th e policyholder
recognizes revenue for the claim at the time an
event giving rise to a claim occurred, or in the
case of a standardized guarantee, at the time a
call can be made in terms of the contract. Th ese
claims receivable should be recognized as revenue
classifi ed as premiums, fees, and current claims
(1451) or capital claims (1452), as relevant, and
with a counterpart entry as an increase in a fi nan-
cial asset in the form of non life insurance technical
reserves (32061) or pro visions for calls under stan-
dardized guarantee schemes (32065). Upon actual
payment of the claims, a decrease is recorded in
the relevant insurance reserve, with a correspond-
ing increase in cash or other fi nancial assets.