Insurance (prudential standard) determination No. 8 of 2008 - Prudential Standard GPS 220 - Risk Management
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Authority
- This Prudential Standard is made under section 32 of the Insurance Act 1973 (the Act).
Application
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This Prudential Standard applies to all insurers authorised under the Act.[1]
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Subject to any specific transition rules, an insurer must comply with this Prudential Standard from 1 July 2008 (effective date).
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Where specifically indicated in this Prudential Standard, certain requirements may be complied with on an insurance group basis.
Interpretation
- Unless otherwise defined in this Prudential Standard, expressions in bold are defined in Prudential Standard GPS 001 Definitions.