Division K FINANCIAL AND INSURANCE SERVICES
Subdivision 63 INSURANCE AND SUPERANNUATION FUNDS
Group 631 LIFE INSURANCE
Class 6310 Life Insurance
| This class consists of units mainly engaged in providing life insurance and life reinsurance covers. |
| Primary activities |
|
|
- Life reinsurance provision
|
| Exclusions/References |
Superannuation funds managed by life insurance companies are included in Class 6330 Superannuation Funds. This exclusion does not relate to statutory funds of life insurance companies for the purpose of conducting superannuation business - such funds are part of the assets of the life insurance companies.
|
|
|
- providing insurance cover for hospital, medical, dental, pharmaceutical or funeral expenses or costs are included in Class 6321 Health Insurance; and
|
- providing general insurance cover (except health or life) are included in Class 6322 General Insurance.
|
Print Page