PET - Plain English Taxonomy

Label: Liabilities Insurance Outstanding Claims Provision Net Accounting Amount
TREF ID: DE8671
Data Type: xbrli:monetaryItemType
Period Type: instant
Balance Type: credit
Business Description & Guidance:
This is the value, as at the relevant date, of the outstanding claims provision (OCP) liability, net of any recovery assets that relate to the gross OCP (including reinsurance recoveries, GST recoveries and other recoveries).  Assets and liabilities are as determined in accordance with relevant Accounting Standards. 

Usage
Form Labels
Label:
Guidance:
Outstanding Claims Liabilities Net of Recoveries
For the purpose of Discretionary Mutual Fund (DMF) reporting, it is not compulsory to calculate OCL as per Accounting Standards.