... early surrender / withdrawal charges within a prescribed period before the end of the term of the new life insurance policy. 5. Policy Set-up Cost and Remuneration for licensed insurance intermediaries – If you purchase a new life insurance policy, a substantial part of the initial premium may be used...

... Assured / Protection Amount [F] [Initial] [M/Q/SA/A] Premium Premium Payment Term Benefit Term Basic Plan Supplementary Benefits eg. Accidental Death Benefit Double Indemnity Hospital Income [G] Total [Initial] [M/Q/SA/A] Premium: ======== 1 Name of Applicant: ___________________ Signature...

... development of this set of Regulations is in response to the landmark judgment of the Hobbins case in early 2012, that the Confederation has sought legal advice on the appropriate course of action. Professional Insurance Brokers Association (“PIBA”) and the Hong Kong Federation of Insurers (“HKFI”) have taken...

... Policyholder B Policyholder C Policyholder D 9 Non-financial Transactions Policy level – Policyholder level 10 10 Non-financial Transactions Frequent change of beneficiary 11 Frequent change of address 11 Financial Transactions 12 12 Money In – Money Out Financial Transactions 13 13 Inflow – premium / loan...

... Policyholder B Policyholder C Policyholder D 9 Non-financial Transactions Policy level – Policyholder level 10 10 Non-financial Transactions Frequent change of beneficiary 11 Frequent change of address 11 Financial Transactions 12 12 Money In – Money Out Financial Transactions 13 13 Inflow – premium / loan...

... Policyholder B Policyholder C Policyholder D 9 Non-financial Transactions Policy level – Policyholder level 10 10 Non-financial Transactions Frequent change of beneficiary 11 Frequent change of address 11 Financial Transactions 12 12 Money In – Money Out Financial Transactions 13 13 Inflow – premium / loan...

... January 2022. On 30 November 2021, the agent received the client’s cheque as payment for annual premium in respect of two in-force insurance policies. The agent submitted the cheque to the insurer, but in the accompanying receipt inaccurately recorded the amount of premium payable for each...

... not be excessive relative to the amount of  premium payable for that product.    4. Effective Date    4.1. This Guidance Note applies with effect from 1 January 2012.    4.2. This  Guidance  Note  does  not  apply  to  gifts  offered  or  bonus  or  incentive  schemes  in  operation before 1 January...

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... practice x AML Risk ≠ UnderwriDng Risk � Calculate total premium on a per policyholder basis and a per payor basis to determine whether income/asset proof is required Customer Acceptance � Risk scoring system built in to facilitate automatic calculation of AML risk scores of customers Ongoing Monitoring x...