The Government has established a framework of legislation, policy and guidelines to support the prudential supervision of Victorian public sector insurance agencies.
This standard for Victorian Government insurance agencies forms a critical part of the Government's prudential supervision framework and is designed to:
In particular, the prudential insurance standard establishes clear expectations for the Boards and management of the agencies, with the an annual attestation of compliance being required from both of these parties.
Prudential insurance standards (PDF 574kb)
Prudential insurance standards (DOCX 433kb)