... Sixth Edition: December 2016  Office of the Commissioner of Insurance 1999, 2001, 2005, 2007, 2011, 2016 Please note that no part of the Study Notes may be reproduced for the purposes of selling or making profit without the prior permission of the Office of the Commissioner of Insurance. ii TABLE OF...

... Authority. ii TABLE OF CONTENTS Chapter Page 1. INTRODUCTION TO LIFE INSURANCE 1/1 1.1 Definition of Life Insurance 1/1 1.1.1 Needs for Life Insurance 1.2 Principles of Life Insurance 1/2 1.2.1 Insurable Interest 1.2.2 Duty of Disclosure 1.2.3 Other Insurance Principles 1.3 Calculation of Life Insurance...

... products from the perspective of meeting various needs. These we may think of as: (a) Personal needs: (i) dependants’ living expenses; (ii) final (end of life) expenses; (iii) educational funds; (iv) retirement income; (v) mortgage repayment fund; (vi) emergencies fund (usually needed to meet unexpected...

... Website: www.ia.org.hk September 2019 Page 3 Contents Preface Part A Introduction to this Code Part B Interpretation Part C General Principles Section I. General Principle 1 - Honesty and Integrity II. General Principle 2 - Acting Fairly and in the Client’s Best Interests III. General Principle 3...

... Website: www.ia.org.hk September 2019 Page 3 Contents Preface Part A Introduction to this Code Part B Interpretation Part C General Principles Section I. General Principle 1 - Honesty and Integrity II. General Principle 2 - Acting Fairly and in the Client’s Best Interests III. General Principle 3...

... Website: www.ia.org.hk September 2019 Page 3 Contents Preface Part A Introduction to this Code Part B Interpretation Part C General Principles Section I. General Principle 1 - Honesty and Integrity II. General Principle 2 - Acting Fairly and in the Client’s Best Interests III. General Principle 3...

... referred to in Article 48 of the Amended Articles of Association of The Hong Kong Federation of Insurers. 1. 此乃獲保險業監督管局根據《保險公司業條例》（下稱《條例》）第 67 條認可，並根據香港保險業聯會（下稱「保聯」）《修訂章程細則》 （下稱《章程》）第 48 條編訂的《保險代理管理守則》（2010 年 3 月 1 日出版的第七版特別增補及更新資料的修訂）（下稱「本《守 則》」）。 Under clause 2: i. delete as shown on right-hand side ii...

...; (ii) refundable insurance policies providing hospital cash, medical, critical illness, personal accident, disability and/or long-term care cover; (iii) yearly renewable insurance policies (without cash value) providing hospital cash, medical, critical illness, personal accident, disability, and/or...

... insurance broker who has been in business for more than one year); (ii) two times the projected insurance brokerage income for 12 months for the period of the professional indemnity insurance cover (applicable to insurance broker who has been in business for less than one year); or (iii) a sum of HK$3,000...

... cob A Life and annuity 35 34 69 B Marriage and birth 1 4 5 C Linked long term 18 28 46 D Permanent health 20 22 42 E Tontines 1 3 4 F Capital redemption 1 4 5 G Retirement scheme management category I 9 11 20 H Retirement scheme management category II 7 8 15 I Retirement scheme management category...