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… If an insurer’s liability adequacy test meets the minimum requirements of paragraph 16 , the test is applied at the level of aggregation specified in that test. If its liability adequacy test does not meet those …

… If an insurer applies a liability adequacy test that meets specified minimum requirements, this … minimum requirements are the following: (a)             The test considers current estimates of all contractual cash … embedded options and guarantees. (b)             If the test shows that the liability is inadequate, the entire …

… shall disclose that fact. Applying the liability adequacy test ( paragraphs 15–19 ) to such comparative information …

… accounting policies do not require a liability adequacy test that meets the minimum requirements of paragraph 16 , …

… in advance. To do this, it applies the liability adequacy test described in paragraphs 15–19 of this Standard. If this …

… as a liability, it shall apply the liability adequacy test in paragraphs 15–19 to the whole contract (ie both the …

… (b)             shall carry out the liability adequacy test described in paragraphs 15–19 . (c)             shall …