... Scheme) 9,572 4,516 Composition of Premiums by Class of Business General Business by Gross Premiums Long Term Business (In-force Business) by Revenue Premiums Accident & Health 20% Individual Life & Annuity (Non-Linked) 57% Motor Vehicle 12% Individual Life & Annuity (Linked) 23% Goods in Transit 4...

... Scheme) 9,572 4,516 Composition of Premiums by Class of Business General Business by Gross Premiums Long Term Business (In-force Business) by Revenue Premiums Accident & Health 20% Individual Life & Annuity (Non-Linked) 57% Motor Vehicle 12% Individual Life & Annuity (Linked) 23% Goods in Transit 4...

... Scheme) 9,572 4,516 Composition of Premiums by Class of Business General Business by Gross Premiums Long Term Business (In-force Business) by Revenue Premiums Accident & Health 20% Individual Life & Annuity (Non-Linked) 57% Motor Vehicle 12% Individual Life & Annuity (Linked) 23% Goods in Transit 4...

... Scheme) 9,572 4,516 Composition of Premiums by Class of Business General Business by Gross Premiums Long Term Business (In-force Business) by Revenue Premiums Accident & Health 20% Individual Life & Annuity (Non-Linked) 57% Motor Vehicle 12% Individual Life & Annuity (Linked) 23% Goods in Transit 4...

... three “specified relatives”) and the taxpayer is the policyholder of these policies, then the annual deduction ceiling would be $32,000 (i.e. $8,000 x 4) for the qualifying premiums paid. (c) Administration of the VHIS The VHIS is administered by the Voluntary Health Insurance Scheme Office (“VHIS...

... RMB12,000 from the policy holder. Instead of immediately paying it onto his appointing insurer, however, the agent used the funds to settle his own family affairs. When the agent did eventually issue a cheque to the appointing insurer, the cheque bounced (because the agent had already used the money...

... Draft 12 November 2018 Our Ref: INS/TEC/6/45 To : Chief Executives of all authorized insurers carrying on long term business Dear Sirs, Statements issued by the Financial Action Task Force on Money Laundering (“FATF”) Further to our letter of 18 July 2018, we are writing to inform you of the...

... cir_aml_20190313 13 March 2019 Our Ref: INS/TEC/6/45 To : Chief Executives of all authorized insurers carrying on long term business Dear Sirs, Statements issued by the Financial Action Task Force (“FATF”) Further to our letter of 12 November 2018, we are writing to inform you of the following...

... recovering its cost of regulating the SPI. Requirements on the sale of ILS 9. ILS are sophisticated financial products and are considered unsuitable for the risk appetite of ordinary retail investors. There have also been calls for prohibiting institutional investors from “repackaging” ILS into other types...

... compliance function (e.g. delayed by over 9 months) Staff turnover and tight manpower resources in compliance function. Recommendations:  Deploy adequate resources in compliance function at all times  Regularly conduct compliance reviews as planned  Specify completion timeline and avoid slippage and...