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A funding agreement does not constitute life insurance, an annuity, or other insurance authorized by section 508.29, and does not constitute a security as defined in section 502.102.
A funding agreement is an agreement between an issuer and an investor. While the investor provides a lump sum of money, the issuer guarantees a fixed rate of return over a time period. Funding agreements are popular with high-net-worth and institutional investors due to their low-risk, fixed-income nature.
Service Agreements are a central component of the NSW Health Performance Framework, which documents how the Ministry monitors and assesses the performance of public sector health services to achieve expected service levels, financial performance, governance and other requirements.
A funding agreement is a deposit-type contract, sold by life insurance companies, that typically pays a guaranteed rate of return over a specified period of time. As their name suggests, these insurance contracts are akin to deposits in that they contain no mortality or morbidity contingencies.
FABS are securities that are backed by a funding agreement, which is a deposit-type contract, issued by life insurance companies, that promises a stream of predictable fixed payments over a specified period of time.