... Insurance Ordinance (Cap. 41) (the "Ordinance") Insurance (Determination of Long Term Liabilities) Rules (Cap. 41E), Rule 8(7)(a) 28 March 2022 Our Ref: INS/TEC/6/20/6 Subfile IV By email only To: Chief Executives of Authorized Insurers to which GL21 applies Dear Sirs, Key Observations from the...

... provided in the email from IA (please see example email in step 3) First Time Activation of Your LISA Account Step 4: • Please enter your first and last name in the pop- up screen together with your password accordingly. • Remark: Password requirements are 1. Minimum 8 characters length; 2. With at least...

... Force in October 2001. Your particular attention is drawn to sections 7, 12 and 14 which make it a criminal offence to finance terrorists and require the reporting of terrorist financing to the relevant authorities. You are advised to take appropriate steps to ensure compliance with the...

... Joint Financial Intelligence Unit ("JFIU"). I would wish to draw your attention that in addition to the 27 names, a list of 39 names of entities/individuals was added to the Executive Order on 12 October 2001. These entities/individuals are believed to be terrorist leaders, or to...

... arrangement, etc.) 76 Others 12 Total: 1,111 Explanatory Note:  Under the current self-regulatory system for insurance intermediaries, some complaints against insurance intermediaries might have been lodged directly with the three Self-Regulatory Organizations (i.e. Insurance Agents Registration Board, The...

... development of the ILS market in Hong Kong, the two-year Pilot ILS Grant Scheme was announced in the 2021-22 Budget. The Scheme offers grants to eligibly ILS issuances in Hong Kong to cover up to 100% or HK$ 12 million of upfront costs. Details of the Pilot ILS Grant Scheme are set out in the...

... arrangement, etc.) 76 Others 12 Total: 1,111 Explanatory Note:  Under the current self-regulatory system for insurance intermediaries, some complaints against insurance intermediaries might have been lodged directly with the three Self-Regulatory Organizations (i.e. Insurance Agents Registration Board, The...

... improving the new ERM and ORSA processes. 12 8.2 As stipulated in paragraph 8.2.1 of GL21, the IA would expect insurers to establish policy on the independent review of the effectiveness of ORSA, for example, covering the frequency and scope. In establishing the independent review policy, the insurers...

... insured property. The sum insured for life insurance should be su�cient to maintain your living standard or cover your financial burdens such as support those of your loved ones for a certain period of time. 5 6 8 7 Tips on buying insurance Replace a policy Policy values Read details Decide on the amount...

... AML/CFT policies and controls relative to their size, complexity, business and risk profile? 7 AML/CFT Systems and Senior Management Oversight 8 DOs • Senior management commitment on AML/CFT compliance • Dedicated manpower and resources to focus on AML/CFT compliance • Regular review of AML/CFT...