25Reporting basis

Reporting basis Reporting basis

Information in this Reporting Standard is to be completed by life insurers including friendly societies (together referred to as life companies) for each reporting period on statutory fund (approved benefit fund for a friendly society), licensed insurer (LI) and statutory fund eliminations bases.

LRS 300.0 – Statutory fund (Table 1) data must be submitted for each statutory fund (approved benefit fund for a friendly society) separately for each reporting period.

LRS 300.0 – LI (Table 2) data must be submitted for the sum of individual statutory funds, the sum of statutory fund eliminations, the general fund, and if applicable the general fund eliminations for each reporting period. The term, ‘general fund’ has been used to refer to the shareholders’ fund of a life company other than a friendly society or the management fund of a friendly society.