PET - Plain English Taxonomy

Attribute:	R14433
Concept:	Financial Risk Deductions For Net Premiums Liability Amount
Label:	Net premium liability deduction
Concept Guidance:	This is the value, as at the relevant date, of deductions to the Probable Maximum Loss (PML) for the net premium liability that relates to an economic downturn. This is to be determined in accordance to the relevant prudential standards.

Dimensions

Dimension	Member	Description
CounterpartyTypeDimension	(LendersMortgageInsurer)	This dimension categorises the reported information in accordance with the type of counterparty the entity has transacted with. The counterparty in relation to the information is a Lenders Mortgage Insurer (LMI). Lenders mortgage insurer means an insurer that has written or reinsured, or proposes to write or reinsure, policies of lenders mortgage insurance.Lenders mortgage insurance has its ordinary commercial meaning and includes insurance under a policy that protects a lender from losses in the event of borrower default on a loan secured by a mortgage over residential or other property.

Dimension

Member

Description

CounterpartyTypeDimension

(LendersMortgageInsurer)

This dimension categorises the reported information in accordance with the type of counterparty the entity has transacted with.
The counterparty in relation to the information is a Lenders Mortgage Insurer (LMI). Lenders mortgage insurer means an insurer that has written or reinsured, or proposes to write or reinsure, policies of lenders mortgage insurance.Lenders mortgage insurance has its ordinary commercial meaning and includes insurance under a policy that protects a lender from losses in the event of borrower default on a loan secured by a mortgage over residential or other property.