... 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...

... 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...

... Insurance Authority welcomes 2023 Policy Address 25 October 2023 The Insurance Authority (IA) welcomes the 2023 Policy Address delivered by the Chief Executive and supports the measures raised therein that concern accelerating development of the...

... 18 February 2022 By e-mail To: Chief Executives of all Authorized Insurers, Chief Executives of Designated Insurance Holding Companies, Responsible Officers of all Licensed Insurance Broker Companies and Responsible Officers of all Licensed Insurance Agencies Dear Sirs, Implementation of “Vaccine...

...………………………………………………….. 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...

... Continuing Professional Development (CPD) Requirements Overview Licensed insurance intermediaries are required to be fit and proper persons to carry on regulated activities. In this regard, licensed insurance intermediaries who are individuals should...

... 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...

... term business The total amount of revenue premiums of long term in-force business was $225.8 billion in the first half of 2018 (increased by 6.9%).  Revenue premiums of Individual Life and Annuity (Non-Linked) business were $192.5 billion (increased by 6.2%) while those of Individual...

... Microsoft Word - CIR_20200224 re Submission of AFS (final).docx 24 February 2020 Our Ref: MC/CIR/BKR By email only To: Responsible Officers of all licensed insurance broker companies Dear Sirs, Submission of Audited Financial Statements and Auditor’s Report under Section 73(1) of the Insurance...