... Life Insurance Policy Replacement – What you need to know 2 Introduction A life insurance policy1, unlike a general insurance policy, involves a longer policy period. You will normally suffer losses if you surrender an existing life insurance policy, particularly during the early years of the...

... individual insurance agents, licensed insurance agencies and licensed insurance broker companies carrying on regulated activities in respect of long term business. 2 The statement can be found on the website of the FATF (http://www.fatf-gafi.org/publications/high-risk-and-other- monitored-jurisdictions...

... Life Insurance Policy Replacement – What you need to know 2 Introduction A life insurance policy1, unlike a general insurance policy, involves a longer policy period. You will normally suffer losses if you surrender an existing life insurance policy, particularly during the early years of the...

... 20 October 2020 Our Ref: INS/TEC/13/11/ Pt. XXIII By email To: Chief Executives of all authorized insurers Dear Sirs, Amendments to Hong Kong Financial Reporting Standard 17 Insurance Contracts The Hong Kong Institute of Certified Public Accountants (“HKICPA”) has recently endorsed the Amendments...

... Insurance Authority organises the inaugural Asian Insurance Forum 11 December 2018     The Insurance Authority (IA) of Hong Kong organised the inaugural Asian Insurance Forum (AIF) today (11 December 2018) with the theme of “Hong...

... Engaged in the Sale of Insurance-related Investment Products 2 January 2007 Merchant Shipping (Local Vessels) Ordinance (Cap. 548...

... powers under Section 35(2)(b) of the Insurance Ordinance (Cap.41) to appoint Mr Derek Lai and Mr Forrest Kam of Deloitte Touche Tohmatsu as the Joint and Several Managers (the Managers) to take full control of the affairs and property of Target Insurance Company Limited (Target) in order to maintain...

... the Insurance Authority’s circular issued on 2 February 2018 which mentions, among other things, the issuance of early alerts on United Nations Security Council (“UNSC”) sanctions resolutions and sanctions lists, we are writing to draw your attention to another new arrangement by the Hong Kong...

... stakeholders. The Hong Kong Institute of Certified Public Accountants (“HKICPA”) also conducts public consultation on those IASB proposals for comments by 19 August 2019.2 To facilitate us to understand the implementation activities of authorized insurers, we would like to enlist your support for the Second...

... Licensed Insurance Intermediaries Licensed Insurance Agents Types of Licensed Insurance Agents Under section 2 of the Insurance Ordinance (Cap.41) (“IO”), licensed insurance agent means a licensed insurance agency, a licensed...