Insurance (prudential standard) determination No. 4 of 2011 - Prudential Standard GPS 311 - Audit and Actuarial Reporting and Valuation: Level 2 Insurance Groups
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Application
- This Prudential Standard applies[1] to each:
(a) general insurer (insurer);
(b) authorised NOHC; and
(c) subsidiary of an insurer or authorised NOHC
that is a parent entity of a Level 2 insurance group.
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Insurers and authorised NOHCs must comply with this Prudential Standard from 1 December 2011 (effective date).
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Where a requirement is expressed to be imposed on a Level 2 insurance group in this Prudential Standard, the parent entity of the group must ensure that the group meets the requirement.