... 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...

... Insurance Authority authorizes first non-life virtual insurer under Fast Track 8 October 2019 The Insurance Authority (IA) announced today (8 October 2019) that it has granted the first authorization of a non-life insurer owning and operating solely...

... GL4 GUIDELINE ON “FIT AND PROPER” CRITERIA UNDER THE INSURANCE ORDINANCE (CAP. 41) Insurance Authority Contents Page 1. Introduction ………………………..………………….…. 1 2. Approval / No Objection / Notification Requirements for Appointments of Certain Positions …....……………….... 1 3. Factors for Determining...

... 2015 Subject : Frequently Asked Questions (“FAQs”) on Initiative on Financial Needs Analysis (“FNA”) Further to our circular dated 14 July 2015 (Ref: Mv090/15) on FNA, the LIC has collected comments / questions from the LIMs and finalized the attached FAQs on FNA to facilitate compliance by LIMs with...

... 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...

...………………………………………………….. 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...