CTHRepealedLegislation
Insurance (prudential standard) determination No. 16 of 2008 - Prudential Standard GPS 221 - Risk Management: Level 2 Insurance Groups
Limited Risk Transfer ArrangementsLimited Risk Transfer Arrangements
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Limited Risk Transfer Arrangements
- Under GPS 230, all Level 1 insurers within a Level 2 insurance group must submit to APRA details of all proposed Limited Risk Transfer Arrangements for approval prior to entering into such arrangements. A Level 2 insurance group is not required to submit to APRA, for approval, any Limited Risk Transfer Arrangement proposed to be entered into by any entity in the group that is not a Level 1 insurer. However, a Level 2 insurance group must provide details to APRA of the effect of any Limited Risk Transfer Arrangements entered into by any entities that are not Level 1 insurers.