CTHRepealedLegislation
Life Insurance (prudential standards) determination No. 2 of 2008 - Prudential Standard LPS 510 - Governance
Joint venturesJoint ventures
Start here
Get a plain-English read of Joint ventures
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.
Joint ventures
- For the purposes of this Prudential Standard, a life company that operates as a joint venture can be considered as part of the group of each parent entity. Independent directors of a parent can sit as independent directors on the Board of the joint venture entity. However, the general concessions available to subsidiaries in paragraphs 24 to 26 will not be available to joint ventures.