... Sufficiently regular basis in this regard will depend on the size and complexity of the broker’s operations and further guidance on this is included below. 2. In developing systems of control brokers should have regard to the following control objectives: 2.1 Control objectives over accounting records: (a...

... Guideline, does “long term business” also include accident / health / disability policy with minimal life coverage? A1 The term “long term business” used in the Guideline bears the same meaning as the same term defined in section 2 of the Insurance Ordinance (Cap. 41) (the “Ordinance”), which, for the...

... Guideline, does “long term business” also include accident / health / disability policy with minimal life coverage? A1 The term “long term business” used in the Guideline bears the same meaning as the same term defined in section 2 of the Insurance Ordinance (Cap. 41) (the “Ordinance”), which, for the...

...): Contact Details: Question 1 Do you agree with the proposed scope of eligible investors for ILS? Are there any types of investors which may be added or excluded? Question 2 Do you agree with the proposed minimum investment size for ILS? If not, what are the reasons? Question 3 Do you agree with the...

... powers under Section 35(2)(b) of the Insurance Ordinance (Cap.41) to appoint Mr Derek Lai and Mr Forrest Kam of Deloitte Touche Tohmatsu as the Joint and Several Managers (the Managers) to take full control of the affairs and property of Target Insurance Company Limited (Target) in order to maintain...

... the Insurance Authority’s circular issued on 2 February 2018 which mentions, among other things, the issuance of early alerts on United Nations Security Council (“UNSC”) sanctions resolutions and sanctions lists, we are writing to draw your attention to another new arrangement by the Hong Kong...