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Financial Sector (Collection of Data) (reporting standard) determination No. 86 of 2006 - Reporting Standard GRS 400.0 (2007) Statement of Risk by Country
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Turn the raw legal text into a practical explanation grounded in Financial Sector (Collection of Data) (reporting standard) determination No. 86 of 2006 - Reporting Standard GRS 400.0 (2007) Statement of Risk by Country.
The term “Expected reinsurance recoveries” is used to describe the expected value of reinsurance recoveries in respect of Premium Liabilities. The total amount must reconcile with expected reinsurance recoveries on Premium Liabilities reported as current and non-current assets in GRF 300.0 Statement of Financial Position.