... COMPANY i. Product Development ii. Customer Servicing iii. Marketing and Promotion iv. Insurance Sales v. Underwriting P2 of 2 vi. Policy Administration vii. Claims viii. Reinsurance ix. Actuarial Support x. Accounting and Investment xi. Training and Development V. STRUCTURE OF HONG KONG INSURANCE...

... Subrogation IV. CORE FUNCTIONS OF AN INSURANCE COMPANY i. Product Development ii. Customer Servicing iii. Marketing and Promotion iv. Insurance Sales v. Underwriting P2 of 2 vi. Policy Administration vii. Claims viii. Reinsurance ix. Actuarial Support x. Accounting and Investment xi. Training and Development...

... Margin General business insurer with statutory business General business insurer without statutory business 20 10 20 10 (I) Assume ‘X’ represents the greater of the Relevant Premium Income and the Relevant Claims Outstanding. (a) If ‘X’ ≤ HK$200 million, the Relevant Amount is :- 20% of ‘X’ (b) If ‘X...

... Margin General business insurer with statutory business General business insurer without statutory business 20 10 20 10 (I) Assume ‘X’ represents the greater of the Relevant Premium Income and the Relevant Claims Outstanding. (a) If ‘X’ ≤ HK$200 million, the Relevant Amount is :- 20% of ‘X’ (b) If ‘X...

... immediatechanges in shareholder controller iscontrollers to whom section 13B applies are subject to IA’s prior approval under s.13Bno objection) (Form A/B in Schedule 5) X (Note: changes in controllershareholder controllers (other than a controller to whomwhere section 13B applies) are subject to notification...

... approval is required for appointment of controllers as defined under section 13A(12)(a)(ii)) (Form A in Schedule 4) Shareholder controller  (Note: changes in shareholder controllers to whom section 13B applies are subject to IA’s no objection) (Form A/B in Schedule 5) X (Note: changes in shareholder...

... after the valuation date, in determining its liabilities: Proposed Formula Yield Assumed = 20% x Yield at Valuation Date + 80% x 60-Month Average Yield Where: Yield Assumed = yield assumed on investments to be made more than 3 years after the valuation date (to be used for the purposes of determining...

... after the valuation date, in determining its liabilities: Proposed Formula Yield Assumed = 20% x Yield at Valuation Date + 80% x 60-Month Average Yield Where: Yield Assumed = yield assumed on investments to be made more than 3 years after the valuation date (to be used for the purposes of determining...

..., if applicable, where the guaranteed annuity portion should not be less than the Minimum Guaranteed Portion shown in the table below: Minimum Guaranteed Portion x < 30 70% 30 ≤ x < 40 60% x ≥ 40 50% Where x = total number of years between (i) the commencement of accumulation period (i.e. premium...

..., if applicable, where the guaranteed annuity portion should not be less than the Minimum Guaranteed Portion shown in the table below: Minimum Guaranteed Portion x < 30 70% 30 ≤ x < 40 60% x ≥ 40 50% Where x = total number of years between (i) the commencement of accumulation period (i.e. premium...