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Term: Description of composition of underlying items for contracts with direct participation features
Standard Label: Description of composition of underlying items for contracts with direct participation features
Name: ifrs-full:DescriptionOfCompositionOfUnderlyingItemsForContractsWithDirectParticipationFeatures
Identifier: ifrs-full_DescriptionOfCompositionOfUnderlyingItemsForContractsWithDirectParticipationFeatures
Documentation: The description of the composition of the underlying items for contracts with direct participation features. Insurance contracts with direct participation features are insurance contracts for which, at inception: (a) the contractual terms specify that the policyholder participates in a share of a clearly identified pool of underlying items; (b) the entity expects to pay to the policyholder an amount equal to a substantial share of the fair value returns on the underlying items; and (c) the entity expects a substantial proportion of any change in the amounts to be paid to the policyholder to vary with the change in fair value of the underlying items. Underlying items are items that determine some of the amounts payable to a policyholder.
Category of Term: Concept
References: (Coming Soon!)
Balance type: none
Period type: duration
Data type: xbrli:stringItemType

Last updated: 5/10/2021 5:11:26 PM

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