324 definitions found
AASB 17
Definition
A[10]
An insurance contract for which, at inception: (a) the contractual terms specify that the policyholder participates in a share of a clearly identified pool of underlying items ; (b) the entity expects to pay to the policyholder an …
AASB 17
Definition
A[11]
An insurance contract that is not an insurance contract with direct participation features . …
AASB 17
Definition
A[12]
Risk, other than financial risk , transferred from the holder of a contract to the issuer. …
AASB 17
Definition
A[13]
An uncertain future event covered by an insurance contract that creates insurance risk . …
AASB 17
Definition
A[14]
The amounts that an insurance contract requires the entity to repay to a policyholder in all circumstances, regardless of whether an insured event …
AASB 17
Definition
A[15]
A financial instrument that provides a particular investor with the contractual right to receive, as a supplement to an amount not subject to the discretion of the issuer, additional amounts: (a) that are expected to be a significant portion …
AASB 17
Definition
A[16]
An entity’s obligation to: (a) investigate and pay valid claims for insured events that have already occurred, including events that have occurred but for which claims have not been reported, and other incurred insurance expenses; and (b) …
AASB 17
Definition
A[17]
An entity’s obligation to: (a) investigate and pay valid claims under existing insurance contracts for insured events that have not yet occurred (ie the obligation that relates to the unexpired portion of the insurance coverage); and (b) …
AASB 17
Definition
A[18]
A party that has a right to compensation under an insurance contract if an insured event occurs. …
AASB 17
Definition
A[19]
Insurance contracts subject to similar risks and managed together. …