Phase II Field Test
What is the aim of this field test?
We are conducting a field test involving 16 Companies to provide an understanding of how the proposed approach under Phase II of the Insurance Contracts project will change current practice. The Board will consider input from the field test as it develops an exposure draft.
What materials have been provided?
We have provided participants in the field test with the following materials:
27 November 2009
Questionnaire on Policyholder Behaviour
17 November 2009
Questionnaire on Unearned Premium
26 October 2009
Questionnaire on Margins [zip file]
19 October 2009
Questionnaire on Presentation of Financial Statements [zip file]
Questionnaire on Embedded Derivatives
15 October 2009
Field Test Instructions
Questionnaire on Acquisition Costs
Questionnaire on Discount Rates
The field testing will be targeted on specific issues as they are identified and prioritised by the project team.
We intend to circulate additional questionnaires shortly.
Oher organisations are welcome to use these materials. However, we will not be able to respond to questions and input from non-participants. Furthermore, no additional participants will be added at this stage.