Registration of a Life Insurance Company - Australian Government

Description

You will require this registration if you intend to carry on business as a life insurance company.

Life insurance companies issue or undertake liability under life policies that provide some form of payment after death. They also issue sinking fund policies that issue several payments over a period of time that is not dependent on death. This registration does not enable businesses to act as a friendly society, trade union or other business that provides superannuation, pensions or payments for employees upon retirement.

Please consult the Contact Officer for more information.

Service type

Licence

A licence defines the need to obtain recognition / certification and registration to undertake a certain business activity.

Eligibility requirements

Please consult the Contact Officer or view the attached guidelines for more information regarding eligibility requirements.

Duration

Ongoing.

Fees

Fees Details for this service in table format.

Task Type Business Structure Description
Apply Application All

General application fee: $80 000.

Forms

Task Business Structure Resources
Apply Company Application for Registration of a Life Insurance Company - Please consult the Contact Officer for information on forms to be submitted.

Other resources

Act(s) name

Life Insurance Act 1995 AG

Regulation(s) name

Life Insurance Regulations 1995 AG

Administering agency

Australian Prudential Regulation Authority

Contact details

Contact Email, Phone and Address Details for this service in simple two column table format, header then data.

Enquiries

Australian Prudential Regulation Authority

Toll Free: 1300 558 849
Phone: 02 8037 9015
Contact us website: http://www.apra.gov.au/Pages/Contact-APRA.aspx (Opens in new window)
Website: Australian Prudential Regulation Authority (Opens in new window)