Examples of Policy Liabilities in a sentence
According to the Risk Based Capital rules, all Insurers are required to value Life Insurance Policy Liabilities as per the Gross Premium Valuation (GPV) method and valuation rules and methodologies stipulated by the IRCSL.
Acquisition expense recovery component means a uniform margin of an acquisition expense recovery carrier, determined in accordance with Prudential Standard LPS 340 Valuation of Policy Liabilities (LPS 340).
The Reinsurer's coinsurance of the Policy Liabilities pursuant to this Agreement with respect to any of the Policies is intended for the sole benefit of the parties to this Agreement and shall not create any right on the part of any policyholder, insured, claimant or beneficiary under such Policies against the Reinsurer or any legal relationship between such policyholders, insureds, claimants or beneficiaries and the Reinsurer.
Policy Liabilities (Insurance and Investment Contract Liabilities)Policy liabilities for IFRS are valued in Canada under standards established by the Actuarial Standards Board.
The Insurance Risk Capital Charge takes into account the risks pertaining to each element in respect of which an assumption is required to set a value on Policy Liabilities.