...  determine  if  a  rider  application  (including  top‐up  or  rider  added  after  policy issuance) needs to be companied by an FNA form?  A  1. Treatment for riders should follow the requirement as if it is a basic plan.          Q  2. Please provide  a definition of  'top‐ups',  in particular whether...

... new life insurance policy (including rider and top-up) falling under the following types must be accompanied by a financial needs analysis (“FNA”) form: (a) Any policies of the nature specified in Class A in Part 2 of the First Schedule to the Insurance Companies Ordinance (Cap. 41) (“ICO”) except...

... United Nations Sanctions and Revised Approach on Sanctions-related Notices Update 2 February 2018 Our Ref: INS/TEC/6/45 To : Chief Executives of all authorized insurers carrying on long term business Dear Sirs, United Nations Sanctions and Revised Approach on Sanctions-related Notices Update In...

... will there be any extension. Q2: Do these new requirements apply to applicants who may undertake fulfilment in Hong Kong but live overseas? A2: Yes, the new requirements apply to all ILAS customers effecting a policy regardless of overseas residency. In particular, there is no exception to the...

... as outsourcing. Q2 If a property management company is engaged to provide leasing and maintenance services for an authorized insurer’s investment properties, would such services be regarded as outsourcing? A2 Such service is regarded as portfolio management and falls under “investment management” in...

..., the IA will take into account, amongst other relevant considerations, the impact of the coronavirus situation on the insurance broker to see if the extension is justifiable and may impose any conditions that it considers appropriate. /… - 2 - If you have any question concerning the above, please...

... new regime will expire on 31 July 2020. Under normal circumstances, individual licensees are required to report their CPD compliance no later than 2 months after the expiration of the relevant Assessment Period (i.e. by 30 September 2020). Please refer to the various tables in Annex 3 to GL24 for the...

..., the IA will take into account, amongst other relevant considerations, the impact of the coronavirus situation on the insurance broker to see if the extension is justifiable and may impose any conditions that it considers appropriate. /… - 2 - If you have any question concerning the above, please...

... new regime will expire on 31 July 2020. Under normal circumstances, individual licensees are required to report their CPD compliance no later than 2 months after the expiration of the relevant Assessment Period (i.e. by 30 September 2020). Please refer to the various tables in Annex 3 to GL24 for the...

... for Licensed Insurance Agents 31 July 2019 Consultation Conclusions on the Draft Guidelines on the (1) Fit and Proper Criteria and (2) Continuing Professional Development for Licensed Insurance Intermediaries 28 June 2019...