... efficiency Promote fair and transparent regulation to facilitate market development Enhance the professional standard of insurance intermediaries New Regulatory Regime for Insurance Intermediaries 3 Enhance public confidence in the insurance industry New Regulatory Regime for Insurance Intermediaries...

... HKIA MoU 9 OCTOBER 2003 MEMORANDUM OF UNDERSTANDING The Insurance Authority of The Hong Kong Special Administrative Region of the People’s Republic of China Financial Services Authority United Kingdom Contents RECITALS 2 OPERATIVE PART 3 Interpretation 3 Purpose 3 Principles 4 Provision of...

... rules and regulations. http://www.vtc.edu.hk/cpdc http://www.ociinfo.gov.hk/oci http://www.infooci.gov.hk/oci - 3 - Exemption from the IIQE Requirement A. Exemption from P&P, GI, LT and TIA Papers of the IIQE could be granted to:  Holders of an approved insurance qualification:  Associate or Fellow of...

... downloaded from the website of the IA at www.ia.org.hk. Examination Handbook • Please refer to the examination handbooks published by the VTC for the details of the examination rules and regulations. - 3 - Exemption from the IIQE Requirement A. Exemption from P&P, GI, LT and TIA Papers of the IIQE could be...

... website of the IA at www.ia.org.hk. Examination Handbook  Please refer to the examination handbooks published by the VTC for the details of the examination rules and regulations. - 3 - Exemption from the IIQE Requirement A. Exemption from P&P, GI, LT and TIA Papers of the IIQE could be granted to...

... Notes • The Study Notes for IIQE (both Chinese and English versions) can be downloaded from the website of the IA at www.ia.org.hk. Examination Handbook • Please refer to the examination handbooks published by the VTC for the details of the examination rules and regulations. - 3 - Exemption from the...

... GN 10 GL10 GUIDELINE ON THE CORPORATE GOVERNANCE OF AUTHORIZED INSURERS Insurance Authority Contents Page 1. Introduction……………………………………………… 1 2. Interpretation…………………………………………….. 2 3. Application………………..…………………………….... 3 4. Governance Structure………………………….…..……... 4 5. Role and Responsibilities of...

... GN 10 GL10 GUIDELINE ON THE CORPORATE GOVERNANCE OF AUTHORIZED INSURERS Insurance Authority Contents Page 1. Introduction……………………………………………… 1 2. Interpretation…………………………………………….. 2 3. Application………………..…………………………….... 3 4. Governance Structure………………………….…..……... 4 5. Role and Responsibilities of...

... details of which are summarized at the Annex for your attention. Key areas for improvement include:- 1) Senior management oversight; 2) Compliance functions; 3) Customer risk assessment; 4) Customer due diligence process; 5) Screening of Politically Exposed Persons, terrorists and sanction designations; 6...

...        Q  3. For refundable  insurance policies under 1(a)(ii), does  it have to be 100% or more  “refundable” in order for the FNA requirement be exempted?  A  3. Yes.    For those refundable insurance policies which are not 100% refundable (e.g.  the amount refunded would be less than 100% if claims have...