... combating fraudulent claims (section 8.10 of GL10). Fraudulent insurance claims undermine the principles of mutual benefit and risk pooling on which insurance is based, depleting the pooled funds from which only genuine claims are intended to be paid. The fraud detection controls which an insurer should...

... societal, environmental and economic impacts, which inflicted unprecedented and irreversible damages to the planet. 8 The adverse impacts of climate change have become increasingly significant in recent decades. In Hong Kong, it is not a coincidence for business interruption from tropical cyclones twice...

... been imposed by the SRO concerned had the case been handled by the body. 2 Section 64ZZE of the Ordinance sets out the offence to provide false information in connection with application for licence or approval. 3 Pursuant to Schedule 8 to the Criminal Procedure Ordinance...

... Statements issued by the Financial Action Task Force ("FATF") 8 November 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 15 July 2019, we are...

... deciding whether a person needs to be licensed, therefore, is to what extent the activities carried on by the person involves the need to protect policy holders or potential policy holders by subjecting the person’s conduct to regulation through licensing. B1.8 The licensing requirement under the Ordinance...

... deciding whether a person needs to be licensed, therefore, is to what extent the activities carried on by the person involves the need to protect policy holders or potential policy holders by subjecting the person’s conduct to regulation through licensing. B1.8 The licensing requirement under the Ordinance...

... entered into or may enter into with any other party; and (f) this GWS MoU does not affect the arrangements under the First MoU, and this GWS MoU shall be construed accordingly. - 3 - 7. Unless otherwise specified, terms defined in the IO bear the same meanings when used in this GWS MoU. 8. For the purpose...

... entered into or may enter into with any other party; and (f) this GWS MoU does not affect the arrangements under the First MoU, and this GWS MoU shall be construed accordingly. - 3 - 7. Unless otherwise specified, terms defined in the IO bear the same meanings when used in this GWS MoU. 8. For the purpose...

... Violence 410 Property 1340 Surety Bond 456 Terrorism 535 Mainland Insurers PICC HK Ping An HK CPIC HK BOCGI China Re Captives CGN Captive CNOOC Captive SH Electric Captive Sinopec Captive ASHK 4th GENERAL INSURANCE SEMINAR Platinum Sponsor: Gold Sponsors: Hong Kong Specialty Risks Consortium 8 Sources of...

... was associated with it or within one year after he/she ceased to be associated with it?  Yes  No If yes, give full particulars: 8 O. Declaration Part I I certify that the above information is complete and correct to the best of my knowledge and belief. Signature of the Date: Relevant Person...