CTHRepealedLegislation
Insurance (prudential standard) determination No. 15 of 2008 - Prudential Standard GPS 111 - Capital Adequacy: Level 2 Insurance Groups
Internal Model-based MethodInternal Model-based Method
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Internal Model-based Method
- A Level 2 insurance group may develop an in-house capital model to assess the MCR for the group. Use of the IMB Method is conditional on APRA’s approval and requires Level 2 insurance groups to satisfy a range of criteria, as set out in GPS 113 read with this Prudential Standard. Level 2 insurance groups which do not develop an internal model that meets the criteria specified in GPS 113 must use the Prescribed Method described below.