... Page 1 of 3 Practice Note supplementing Standard and Practice 5.4 of the Code of Conduct for Licensed Insurance Brokers in relation to Client Agreements which a Licensed Insurance Broker Company enters into with a client for Linked Long Term Business A. Introduction 1. Standard and Practice 5.4(a...

... and to perform further testing in the third QIS (QIS 3). While developing the RBC regime, we are mindful of the overarching objectives including alignment with international standards and practices, resilience of the insurance industry for the protection of policy holders, as well as maintaining...

... Requirements for Authorization 1 – 3 III Application Procedure 3 – 6 IV Information and Documents required for the Application 6 – 7 V Time Scale and Fee payable 8 VI Enquiries 8 – 9 Annex 1 Current Legislation relating to Insurance Companies 2 Authorization Guidelines 3 Paid-up Share Capital and Solvency...

...”). This Note sets out the ascertainment of levy and operation details in relation to the collection of levy by insurers. ASCERTAINMENT OF LEVY 3. Levy payment is to be made together with premium payment. Levy payable is calculated as a percentage of premium. If no premium is to be paid (e.g. waiver...

...”). This Note sets out the ascertainment of levy and operation details in relation to the collection of levy by insurers. ASCERTAINMENT OF LEVY 3. Levy payment is to be made together with premium payment. Levy payable is calculated as a percentage of premium. If no premium is to be paid (e.g. waiver...

... Requirements for Authorization 1 – 3 III Application Procedure 3 – 6 IV Information and Documents required for the Application 6 – 7 V Time Scale and Fee payable 8 VI Enquiries 8 – 9 Annex 1 Current Legislation relating to Insurance Companies 2 Authorization Guidelines 3 Paid-up Share Capital and Solvency...

...: [email protected] 3 This consultation paper is also available on the website of the Office of the Commissioner of Insurance (OCI) at www.oci.gov.hk. 4 Any person submitting comments on behalf of any organization is requested to provide details of the organization they represent. 5 Submissions will be received on...

... Supervisors (IAIS) • insurance regulators should be financially and operationally independent 2 Purpose to facilitate growth of the insurance industry and protection for policy holders with a modernized regulatory infrastructure 3 Key statutory functions 4 Regulate and supervise insurers and insurance...

... Supervisors (IAIS) • insurance regulators should be financially and operationally independent 2 Purpose to facilitate growth of the insurance industry and protection for policy holders with a modernized regulatory infrastructure 3 Key statutory functions 4 Regulate and supervise insurers and insurance...

... Applications for review against the Insurance Authority’s specified decisions have been withdrawn 3 April 2023 Target Insurance (Holdings) Limited (Target Holdings) has withdrawn its applications to the Insurance Appeals Tribunal (IAT) to...