Insurance Contracts
Date recorded:
The Boards briefly discussed the scope of the Insurance Contracts Exposure Draft. The FASB raised the issue of the employer providing health insurance to its employees on an ongoing basis being potentially within the scope of the new Insurance Contracts guidance. The IASB staff responded that such employer provided health insurance would meet the criteria of employment benefits under IFRS, thus being scoped out from IFRS 4 Insurance Contracts as well as from the forthcoming Exposure draft.
