LPS 340 - 1 Prudential Standard LPS 340 Valuation of Policy Liabilities Objective and key requirements of this Prudential Standard The ultimate responsibility for the value of a life company’s policy liabilities rests with the Board of a life company. This Prudential Standard requires that a life company’s policy liabilities in respect of

Jul 1, 2023 · LPS 340 Valuation of Policy Liabilities requires life insurers to calculate their policy liabilities using the prescribed method.

LRS 340.0 Retained Profits and Policy Liabilities for Participating Business This Reporting Standard sets out the requirements for the provision of information to APRA in relation to calculating a life insurer’s retained profits and policy liabilities for participating business.

LPS 340 Valuation of Policy Liabilities This Prudential Standard establishes a set of principles and practices for the consistent measurement and reporting of policy liabilities for life insurance contracts.

LPS 340 Valuation of Policy Liabilities requires life insurers to calculate their policy liabilities using the prescribed method.

Define LPS 340. means APRA Prudential Standard LPS 340 Valuation of Policy Liabilities.

• APRA Prudential Standard LPS 340 and Australian Accounting Standards Board 1038 outline the key principles

Dec 14, 2012 · (b) under subsection 230A(1) of the Act DETERMINE Prudential Standard LPS 340 Valuation of Policy Liabilities, in the form set out in the Schedule, which applies to all life companies, including friendly societies.

Life Insurance (prudential standard) determination No. 12 of 2012 - Prudential Standard LPS 340 - Valuation of Policy Liabilities

This instrument determines Prudential Standard LPS 340 Valuation of Policy Liabilities. Administered by: Treasury