... authorized business under the Ordinance or other regulations; and (b) the maintenance of a separate set of books and accounts for policy holder funds. 7.7 Reinsurance and Risk Transfer 7.7.1 The ERM framework should include a risk management policy on reinsurance and risk transfer (or reinsurance and risk...

... the insurer and/or lawyers, but the general rules are: (i) uninsured perils arising directly from insured perils: the loss is covered, e.g. water damage (uninsured peril) proximately caused by an accidental fire (insured peril) in the case of a fire policy; (ii) insured perils arising directly from...

... perils have happened as a chain of events or concurrently, and on some other considerations. Specific cases should perhaps be a matter of consultation with the insurer and/or lawyers, but the general rules are: (i) uninsured perils arising directly from insured perils: the loss is covered, e.g. water...

... for implementing effective AML/CFT Systems that can adequately manage the ML/TF risks identified. In particular, the senior management should appoint a CO at the management level to have the overall responsibility for the establishment and maintenance of the II’s AML/CFT Systems; and a senior staff as...

... for implementing effective AML/CFT Systems that can adequately manage the ML/TF risks identified. In particular, the senior management should appoint a CO at the management level to have the overall responsibility for the establishment and maintenance of the II’s AML/CFT Systems; and a senior staff as...

... for implementing effective AML/CFT Systems that can adequately manage the ML/TF risks identified. In particular, the senior management should appoint a CO at the management level to have the overall responsibility for the establishment and maintenance of the II’s AML/CFT Systems; and a senior staff as...

... for implementing effective AML/CFT Systems that can adequately manage the ML/TF risks identified. In particular, the senior management should appoint a CO at the management level to have the overall responsibility for the establishment and maintenance of the II’s AML/CFT Systems; and a senior staff as...

..., and on some other considerations. Specific cases should perhaps be a matter of consultation with the insurer and/or lawyers, but the general rules are: (i) uninsured perils arising directly from insured perils: the loss is covered, e.g. water damage (uninsured peril) proximately caused by an...

... Insurance Intermediaries Quality Assurance Scheme Travel Insurance Agents Examination Study Notes 2017 Edition 1 Study Notes for Travel Insurance Agents Examination Update Renaming of The Insurance Claims Complaints Bureau The Insurance Claims Complaints Bureau (‘ICCB’) has been renamed The Insuran...

... of the exclusion. Life insurance policies seldom have exclusions (but see Note 1 below). (iii) Uninsured Perils: these are causes of loss which are neither included nor excluded, for example water damage with fire insurance. If property is damaged by water (e.g. by rain) with no other cause involved...