... accrues using the effective interest method. (c) Financial assets The Authority’s financial assets include interest receivable and cash and cash equivalents. They are held within a business model whose objective is to hold assets in order to collect contractual cash flows. The contractual terms of...
https://www.ia.org.hk/english/infocenter/files/Insurance_Authorit_ESS_2016_17.pdf -
Date: 2020-06-23
... should consider it? Young people wi th l imi ted financial means; individuals who have high protection needs for a period of time or who are looking solely for protection and have other financial plans Individuals in a strong financial s i t ua t i on w ho wa n t b o t h protection and long-term savings...
https://www.ia.org.hk/english/infocenter/files/Understanding_Life_Insurance_Eng.pdf -
Date: 2022-05-24
... listed below] [Special feature of the businesses / environment causing uncertainty beyond that the reader would reasonably / normally expect] [Uncertainties in projection for immature portfolios. Especially when it impacts on the choice of major benchmark / parameters of the model] [Other special...
https://www.ia.org.hk/english/legislative_framework/files/GL9.pdf -
Date: 2020-09-24
... stakeholders. The board of directors should take the lead on this, setting the right “tone from the top”. The entire governance framework of the company should be based on the company’s code of conduct or mission statement. • Controllers, responsible officers and key persons in control functions should model...
https://www.ia.org.hk/english/infocenter/files/Conduct_In_Focus_English.pdf -
Date: 2021-12-14
... stakeholders. The board of directors should take the lead on this, setting the right “tone from the top”. The entire governance framework of the company should be based on the company’s code of conduct or mission statement. • Controllers, responsible officers and key persons in control functions should model...
https://www.ia.org.hk/english/infocenter/files/Conduct_In_Focus_English.pdf -
Date: 2022-05-24
... collaboration arrangement in the context of the licensing requirements under the Ordinance, the IA would consider the collaboration model holistically and from end-to-end. Any remuneration to be provided to the non-insurance entity would be relevant to this overall assessment. For example, a flat fee...
https://www.ia.org.hk/english/legislative_framework/circulars/reg_matters/files/Explanatory_Note_on_Regulated_Activities.pdf -
Date: 2021-12-10
... collaboration arrangement in the context of the licensing requirements under the Ordinance, the IA would consider the collaboration model holistically and from end-to-end. Any remuneration to be provided to the non-insurance entity would be relevant to this overall assessment. For example, a flat fee...
https://www.ia.org.hk/english/legislative_framework/files/Explanatory_Note_on_Regulated_Activities.pdf -
Date: 2021-10-12
... Properness of Responsible Officers and Technical Representatives PART F : Minimum Requirements of Model Agency Agreement PART G : Conduct of Registered Persons Conduct of Registered Persons for General Insurance Business and Restricted Scope Travel Business Conduct of Registered Persons for Long Term...
https://www.ia.org.hk/english/supervision/reg_ins_intermediaries/files/8a_HKFI_CoP_for_Admin_of_Agents_v7b_24_5_2018_20190823.pdf -
Date: 2019-12-20
...* Q* Demand Curve Supply Curve 2/15 However, the above model excludes the government sector and foreign sector. The government sector receives taxes from the household and business sectors; and spends money to fulfil its economic, political and social objectives. The foreign sector trades (export and...
https://www.ia.org.hk/english/supervision/reg_ins_intermediaries/files/12.sn-IL-2017_eng.pdf -
Date: 2019-12-02
... labour (factor services) to the business sector in return of wages. These two sectors can be illustrated in the following diagram:- ( Households ) Product Factor Market Market ( Firms ) However, the above model excludes the government sector and foreign sector. The government sector receives taxes from...
https://www.ia.org.hk/english/supervision/reg_ins_intermediaries/files/sn-long-2015.docx -
Date: 2019-12-02