Instructions for specific itemsInstructions for specific items

Instructions for specific items

This form is designed to report items defined by LPS 3.04. Therefore the following instructions are largely intended to deal with matters not already defined or discussed in LPS 3.04 or to highlight particular aspects of the reporting requirements.

While these instructions apply to all life insurance companies, including friendly societies, not all items may be applicable to both: some items may not be applicable to friendly societies while others may not be applicable to life insurers.

1. Capital Adequacy Requirement

This part of the form consists of Items 1.1 to 1.11 inclusive. This section of the form aligns directly with the methodology of LPS 3.04 as set out in Section 7 of that Prudential Standard.