Under AASB 1023 general insurers are to disclose the process used to determine which assets back general insurance liabilities.

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This statement is true according to AASB 1023, which requires general insurers to disclose the process they used to determine which assets back general insurance liabilities. This provides transparency and clarity on the insurer's investment strategy and the financial health of the company.

Under AASB 1023 General Insurers Are to Disclose the Process