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Status: Pending
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Remaking of four life insurance prudential standards

This page contains relevant information on APRA's consultation on the remaking of four life insurance prudential standards that are due to sunset on 1 April 2023.

November 2022

 

On Monday 21 November, APRA released a letter to consult on four life insurance prudential standards which are otherwise due to sunset (cease to exist) on 1 April 2023.

Written submissions on this consultation are due by 15 December 2022. 

The consultation letter is available below:

Letter
 

Consultation - Remaking of four life insurance prudential standards.

Prudential standards

 

APRA is consulting on the following prudential standards:

  • Prudential Standard LPS 100 Solvency Standard (LPS 100);
  • Prudential Standard LPS 115 Capital Adequacy: Insurance Risk Charge (LPS 115); 
  • Prudential Standard LPS 360 Termination values Minimum Surrender Values and Paid up Values (LPS 360); and
  • Prudential Standard LPS 370 Cost of Investment Performance Guarantees (LPS 370). 

The four prudential standards are available on the APRA website at: Prudential and Reporting Standards for Life insurance and friendly societies.

Note on submissions

It is APRA's policy to publish all submissions on the APRA website unless the respondent specifically tells APRA in writing that all or part of the submission is to remain confidential. An automatically generated confidentiality statement in an email does not satisfy this purpose. If you would like only part of your submission to be confidential, you should provide this information marked as 'confidential' in a separate attachment.