Reporting levelsReporting levels

Reporting levels

LRF 110.0 must be completed by all life insurance companies, including friendly societies.

The form is to be completed separately for each statutory fund (approved benefit fund).

LRF 110.0 contains four sections:

1. Capital Adequacy Requirement;
2. Capital Adequacy Assessment (Capital Adequacy Position/Reserve/Ratio/ Coverage);
3. Capital Adequacy Inadmissible Assets; and
4. Capital Adequacy Resilience Requirements.

Within each section, reporting items are to be completed at total fund level.

For the purposes of reporting under this form, contracts are to be classified in accordance with Prudential Standard LPS 350 Contract Classification for the Purpose of Regulatory Reporting to APRA (LPS 350).