Owner-occupied property backing direct participation contracts

Learning objectives

• Identify the existence of the option linked to insurance contracts with direct participation features.L4

Normative references

• IAS 16 §29AAs an exception to para. 29, an entity that operates an investment fund or issues insurance contracts with direct participation features and holds the underlying items may measure owner-occupied property included in that fund or in those items using the fair value model in IAS 40.
• IAS 16 §29BOwner-occupied property measured in accordance with para. 29A is a separate class of property, plant and equipment.

Original summaries of the paragraphs (reference register), never a quotation of the standard.

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