CTHRepealedLegislation
Insurance (prudential standard) determination No. 12 of 2019
Insurance Risk ChargeInsurance Risk Charge
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Insurance Risk Charge
- The Insurance Risk Charge relates to the risk that the value of net insurance liabilities determined in accordance with Prudential Standard GPS 340 Insurance Liability Valuation (GPS 340) is insufficient to cover associated net claim payments and associated claim expenses as they fall due. The method for determining the Insurance Risk Charge is set out in Prudential Standard GPS 115 Capital Adequacy: Insurance Risk Charge.