431 definitions found
AASB 1038
Definition
20.1[20]
life insurance contract means an insurance contract, or a financial instrument with a discretionary participation feature, regulated under the Life Insurance Act, and similar contracts issued by entities operating outside Australia (Private health …
AASB 1038
Definition
20.1[21]
life insurance liability means a life insurer’s net contractual obligations under a life insurance contract …
AASB 1038
Definition
20.1[22]
life insurer means an entity registered under the Life Insurance Act 1995, that issues life insurance contracts or life investment contracts, and similar entities operating outside …
AASB 1038
Definition
20.1[23]
life investment contract means a contract which is regulated under the Life Insurance Act 1995 but which does not meet the definition of a life insurance contract in this Standard, and similar contracts issued by entities operating outside …
AASB 1038
Definition
20.1[24]
life investment contract liability means a life insurer’s net contractual obligations under a life investment contract which arise under the financial instrument component of a life investment …
AASB 1038
Definition
20.1[25]
life reinsurance contract means a life insurance contract issued by one insurer (the reinsurer) to compensate another insurer (the cedant) for losses on one or more contracts issued by the …
AASB 1038
Definition
20.1[26]
non-investment-linked business means life insurance business other than investment-linked business …
AASB 1038
Definition
20.1[27]
policyholder means a party that has a right to compensation under an insurance contract if an insured event occurs …
AASB 1038
Definition
20.1[28]
policy liability means a liability that arises under a life insurance contract or a life investment contract including any asset or liability arising in respect of the management services element of a life investment …
AASB 1038
Definition
20.1[29]
reinsurance assets means a cedant’s net contractual rights under a reinsurance contract …