..., personal accident, disability or long-term care cover). With immediate effect until 30 June 2020, insurers and intermediaries are allowed to distribute those life insurance products through non-face-to-face methods. Measures have been put into place to ensure that the interests of policy holders...

... 2017年香港長期保險業務統計數字附註 Notes to Hong Kong Long Term Insurance Business Statistics 2015 1. 由於受刪除尾數的效果影響，不同附表中的數字，可能稍有差別。 Slight discrepancies may be found in figures reported in different tables due to the effect of rounding off. 2. 專業再保險公司及勞合社的數字並不包括在內。 Figures for pure reinsurers and Lloyd’s were...

... the relevant requirements. The FAQs are not intended to be exhaustive, and will be kept under review and updated when necessary. This Circular shall come into effect on 23 September 2019. Should you have any questions, please contact your case officers. Yours faithfully, Carol Hui Executive Director...

... Claims Complaints Panel of the ICCB/ICB was/is empowered by its Articles of Association to look beyond the strict interpretation of policy terms in making a ruling. In addition, as far as good insurance practice is concerned, the Complaints Panel relies heavily on the expected standards set out in The...

... submit further applications to effect this. That said, all the requirements3 applicable for the distribution of ILAS (including PLP) products must still be complied with (e.g. GL26 on Sale of ILAS Products, GL28 on Benefit Illustrations for Long Term Insurance Policies, GL30 on FNA etc) as appropriate....

... financing, covering affordability assessment, additional measures for customers with risk of over-leveraging, disclosure, sales practices and training. The relevant requirements will take effect on 1 January 2023. Affordability assessment If an insurance intermediary is aware...

... which was published in the Gazette on 19 July 2002 (Ordinance Number 27 of 2002). Certain provisions of the Ordinance, for which no subsidiary legislation need to be made or no further legislative amendment is envisaged, came into effect upon the publication of the Commencement Notice (Legal Notice 137...

... (Amendment) Ordinance 2020 came to effect in March 2021 to provide for a bespoke, streamlined authorization and regulatory regime for Special Purpose Insurers (“SPI”) formed specifically for issuing ILS in Hong Kong.   Pilot ILS Grant Scheme To encourage the...

... details of the Bill and render full support to the Legislative Council in the scrutiny process. Ends Note: 1The Pillar 2 requirements have been implemented with the issuance of the Guideline on Enterprise Risk Management (GL21), which took effect on 1 January 2020....

... (Financial Institutions) Ordinance” mentioned therein to “Anti- Money Laundering and Counter-Terrorist Financing Ordinance” (Cap. 615). The revised GL3A will come into effect on 30 June 2018. A copy of the revised GL3A (showing marked-up changes against the previous version) is attached at Appendix A...