... in participating in QIS 2 and submitting data as set out in the enclosed templates. Based on the data collected from the First Quantitative Impact Study (QIS 1), we conducted calibration for various risk charges and set out methodologies in certain technical aspects. In the past six months, we...

... in-force business was $325.4 billion in the first three quarters of 2017, with a year-on-year increase of 11.6%. Revenue premiums of Individual Life and Annuity (Non-Linked) business increased by 13% to $280 billion, while those of Individual Life and Annuity (Linked) business increased by 12.2% to $23.4...

... bill directly with the medical organisation, so the insured person does not have to pay the bills upon discharge from hospital. You should apply to the relevant insurer for this service, according to the time limit stated in the policy and prior to hospital admission. You will need to bring along the...

...………………………………………………….. 10 13. Commencement…………………………………………... 11 1 1. Introduction 1.1. The Internet has become the prime driver of contemporary electronic commerce. The increasing use of Internet in the business world has, to a varying degree, broadened and redefined the scope of business transactions and services. The...

... GL27 GUIDELINE ON LONG TERM INSURANCE POLICY REPLACEMENT Insurance Authority Contents Page 1. Introduction………………………………………………………. 1 2. Interpretation…………………………………...………………… 1 3. Relevant Regulatory Requirements and Status of this Guideline……………………………………….………………… 2 4. Scope of Application...

... GL27 GUIDELINE ON LONG TERM INSURANCE POLICY REPLACEMENT Insurance Authority Contents Page 1. Introduction………………………………………………………. 1 2. Interpretation…………………………………...………………… 1 3. Relevant Regulatory Requirements and Status of this Guideline……………………………………….………………… 2 4. Scope of Application...

... Enhance Customer Protection (“Updated Requirements”) With reference to our Circular (Ref: Mv135/14) dated 8 December 2014, a revised enclosure (mainly with topographical changes on pages 10 and 30) is enclosed herewith to replace the Updated Requirements. The full set of Updated Requirements is...

... Amendments to the Guideline on Anti-Money Laundering and Counter-Terrorist Financing 23 February 2018 Our Ref: INS/TEC/6/45 To : Chief Executives of all authorized insurers carrying on long term business Dear Sirs, Amendments to the Guideline on Anti-Money Laundering and Counter-Terrorist...