CTHRepealedLegislation
Insurance (prudential standard) determination No. 6 of 2010 - Prudential Standard GPS 113 - Capital Adequacy: Internal model-based method
Annual Internal Model ReportAnnual Internal Model Report
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Annual Internal Model Report
- An insurer with approval to the IMB Method must provide an Internal Model Report to APRA annually (or more or less frequently as specified by APRA). An annual Internal Model Report must be submitted to APRA on or before the date that the Insurance Liability Valuation Report is due to be submitted to APRA in accordance with paragraph 30 of Prudential Standard GPS 310 Audit and Actuarial Reporting and Valuation or paragraph 27 of Prudential Standard GPS 311 Audit and Actuarial Reporting and Valuation: Level 2 Insurance Groups. Any more or less frequent Internal Model Report must be submitted within the timeframe specified by APRA. The scope of the Internal Model Report must be agreed between the insurer and APRA prior to its preparation.