PET - Plain English Taxonomy

Attribute:	PL14912
Concept:	Equity Life Act Reconciling Adjustments Amount
Label:	Reconciliation adjustments
Concept Guidance:	Report the value of the difference between retained profits as determined in accordance with the Life Insurance Act and retained profits determined in accordance with accounting standards.
Form-Specifc Guidance:	This is the adjustment necessary to reconcile Life Insurance Act Retained Profits at End of Period to the Retained Profits as per general purpose accounts Balance Sheet.

Dimensions

Dimension	Member	Description
LifeFundSegmentsDimension	(GeneralFund)	Life companies and friendly societies are required to segregate their business activities into that which is conducted for life insurance and that which is for internal operations of the company. This dimension identifies these business segments. These are the values associated with the business activities other than that within the statutory funds of life companies and benefit funds of friendly societies.

Dimension

Member

Description

LifeFundSegmentsDimension

(GeneralFund)

Life companies and friendly societies are required to segregate their business activities into that which is conducted for life insurance and that which is for internal operations of the company. This dimension identifies these business segments.
These are the values associated with the business activities other than that within the statutory funds of life companies and benefit funds of friendly societies.