Page 118 - IC46 addendum

General Insurance Accounts (IC-46)

c. Its objectives, policies and processes for
managing risks arising from insurance
contracts and the methods used to manage
those risks.

d. Information about insurance risk (both before
and after risk mitigation by reinsurance),
including information about concentrations of
insurance risk, including a description of how
management determines concentrations and
a description of the shared characteristic that
identifies each concentration (eg type of
insured event, geographical area,or
currency).

e. All of the above

26. In which of the following cases will IND

AS 104 not apply:

i) Financial Guarantee Contracts .

ii) Employers Assets and Liabilities under

Employee benefit plan.

iii) Product warranties issued by

manufacturers.

a. i and ii b. i and iii

c. ii and iii d. i, ii, iii

27. An insurer shall disclose information that
enables users of its_____________ to

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