LPS 340 - 1 Prudential Standard LPS 340 Valuation of Policy Liabilities Objective and key requirements of this Prudential Standard The ultimate responsibility for the value of a life company’s policy liabilities rests with the Board of a life company. This Prudential Standard requires that a life company’s policy liabilities in respect of

2023年7月1日 · Life insurers must appropriately classify their business and make separate valuations for different funds. This standard forms part of the Financial Resilience Pillar. It applies to all life insurers, including friendly societies. must make a valuation of policy liabilities under section 114 of the Life Insurance Act 1995.

LPS 340 Valuation of Policy Liabilities This Prudential Standard establishes a set of principles and practices for the consistent measurement and reporting of policy liabilities for life insurance contracts.

LPS 340 Valuation of Policy Liabilities This Prudential Standard establishes a set of principles and practices for the consistent measurement and reporting of policy liabilities for life insurance contracts.

LPS 340 Valuation of Policy Liabilities requires life insurers to calculate their policy liabilities using the prescribed method.

Life Insurance (prudential standard) determination No. 12 of 2012 - Prudential Standard LPS 340 - Valuation of Policy Liabilities

• APRA Prudential Standard LPS 340 and Australian Accounting Standards Board 1038 outline the key principles

This instrument determines Prudential Standard LPS 340 Valuation of Policy Liabilities. Administered by: Treasury

Prudential Standard LPS 340 Valuation of Policy Liabilities. Life Insurance Act 1995. I, Ian Laughlin, delegate of APRA:

LPS 340 mostly prescribes the policy liabilities to be valued on best estimate assumptions. It would also appear to be standard industry practice to make the same allowances for asymmetric risks when determining liabilities under AASB 1038 and LPS 340. In particular, paragraphs 95 to 97 of LPS 340 include considerations for recalculating profit ...