... capture business opportunities, and more importantly, extend the capacity of the insurance industry; thus enhancing its sustainable development.” The bill also seeks to expand the scope of insurable risks of captive insurers set up in Hong Kong, helping the industry capitalise on business...

... stated in the Notes on Individual Licence Application (if the proposed Responsible Officer has not applied to the IA for a formal licence); 4. Resume of the proposed Responsible Officer regarding his/her insurance and management experience (including the period, name of employer, nature of business, job...

... single premium immediate fixed annuity and provides guaranteed monthly payment until the death of the annuitant, such representation shall not be taken into account for the purposes of the limit on the number of Principals for whom the person may act or be registered for under clause 21. ” “如屬根據《銀行業條例》（第...

... 11 January 2021 Our Ref: INS/TEC/6/20/6 Subfile IV By email only To: Chief Executives of authorized insurers carrying on long term insurance business Dear Sirs, Prescribed Scenarios for Long Term Insurance Business in relation to GL21 I am writing to inform you that the Prescribed Scenarios for...

... 11 January 2021 Our Ref: INS/TEC/6/20/6 Subfile IV By email only To: Chief Executives of authorized insurers carrying on long term insurance business Dear Sirs, Prescribed Scenarios for Long Term Insurance Business in relation to GL21 I am writing to inform you that the Prescribed Scenarios for...

... Practices 5.4 and 7.1 of the Code of Conduct for Licensed Insurance Brokers We are writing to inform you that two separate Practice Notes supplementing certain Standards and Practices of the Code of Conduct for Licensed Insurance Brokers (the “Code of Conduct”) have been issued today and are available on...

... Practices 5.4 and 7.1 of the Code of Conduct for Licensed Insurance Brokers We are writing to inform you that two separate Practice Notes supplementing certain Standards and Practices of the Code of Conduct for Licensed Insurance Brokers (the “Code of Conduct”) have been issued today and are available on...

... of the Mandatory Provident Fund Schemes Ordinance (Cap. 485), if the insurance brokers are carrying on MPF regulated activities. The IA considers onsite inspection visit as an important supervisory tool to gauge the level of compliance by insurance brokers. As such, the IA has conducted onsite...

... on the basis of mutual trust and understanding in the supervision of cross-border establishments within their respective jurisdictions. A cross-border establishment is defined as a branch, a subsidiary or any other entity of an insurer supervised by one Authority (the host Authority), which gives...