... the transitional period for existing broker companies to effect the necessary capital injection for one additional year to slightly more than four years. The proposed increase of minimum indemnity limit under PII policy will not be pursued. The IA will submit the two sets of rules to the...

...), taking effect on 23 September 2019 when the statutory regime comes into operation. The MA is responsible for supervising authorized institutions1 (AIs) in accordance with the Banking Ordinance. The IA, under the statutory regime, is responsible for regulation of insurance intermediaries which...

...) (Obsolete from 12 October 2023) Investment-linked Long Term Insurance Examination (2023 Edition) (Effective from 12 October 2023) Travel Insurance Agents Examination With effect from 2 May 2013, the Mandatory Provident Fund (MPF) Schemes Examination ceased to be...

... 21 April 2017. The amendments take effect from 26 June 2017. Please note that the Notice, among others, has added a new sub-paragraph (d) to the definition of “statutory business” under paragraph 1(1), Part 1 of Schedule 3, namely, “(d) the business of insurance against liability described in section...

... were ultimately settled between the claimants and the insurers concerned without being referred to the ICCB/ICB for adjudication. It is worth noting that the Insurance Claims Complaints Panel of the ICCB/ICB was/is empowered by its Articles of Association to look beyond the strict interpretation of...

... insurance products in 2012. To illustrate the effect of such accounting policy change on aggregate statistics, Gross and Net Outstanding Claims Provisions under the new and old accounting policy are shown below for reference. 意外及健康業務 Accident & Health Business 根據《保險業條例》第25D條獲批的㇐般業務轉讓，其批准日期於2019年內的有兩宗。 There...

... Requirements for Banking Sector under Regulatory Regime for Insurance Intermediaries” in October 2019, setting out its views on whether or not persons are carrying on “regulated activity” in certain sector-specific situations. Since the regulatory regime for insurance intermediaries came into effect on 23...

... Microsoft Word - 20200925 - Complaint Statistics_v5_Eng (Clean version).docx Summary of Complaints received by the Insurance Authority 1 April 2019 – 31 March 2020 Remarks:  With effect from 23 September 2019, the Insurance Authority took on the direct regulation of all insurance intermediaries...

... to the determination of the value of ROU assets and related lease liabilities under the Valuation Rules, and that it shall take effect on 1 November 2020 in respect to authorized insurers’ preparation of the relevant reporting to the Insurance Authority. Should you have any enquiries in this matter...

... to the determination of the value of ROU assets and related lease liabilities under the Valuation Rules, and that it shall take effect on 1 November 2020 in respect to authorized insurers’ preparation of the relevant reporting to the Insurance Authority. Should you have any enquiries in this matter...