Life Insurance (prudential standards) determination No. 2 of 2008 - Prudential Standard LPS 510 - Governance
ApplicationApplication
Start here
Get a plain-English read of Application
Turn the raw legal text into a practical explanation grounded in Life Insurance (prudential standards) determination No. 2 of 2008 - Prudential Standard LPS 510 - Governance.
Application
-
This Prudential Standard applies to all life companies, including friendly societies, registered under the Act.
-
Eligible foreign life insurance companies (EFLICs) have to comply with only those provisions of this Prudential Standard which specifically indicate that they apply to EFLICs.[1] The obligations imposed by this Prudential Standard, on or in relation to an EFLIC, only apply in relation to its Australian business. Attachment B to this Prudential Standard applies specifically to EFLICs.