... designing refundable insurance policies, authorized insurers are reminded to comply with the relevant requirements under GL16 which require them to undertake a diligent review during the product design stage to ensure that each of their products shall meet the “fair treatment of customers” principle...

... the scenarios chosen (including the number and design of scenarios). VI. Sign-off of SST VI.1 Similar to AGN7, the Appointed Actuary should provide the opinion on the SST, including assumptions, proxy approach taken and results. This does not affect the Board’s ultimate responsibility on the ORSA...

... designing refundable insurance policies, authorized insurers are reminded to comply with the relevant requirements under GL16 which require them to undertake a diligent review during the product design stage to ensure that each of their products shall meet the “fair treatment of customers” principle...

... Board of Directors, of whom four – including the Chairman – come from outside the insurance industry and three from the insurance industry. 6.1.4a Composition and Powers of The Insurance Claims Complaints Panel (a) Claim-related complaints that are filed with the ICB are actually adjudicated by the...

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... 2002. The second meeting will be held in Hong Kong at the end of this year. �� !"#$%&'()*+,-./01,2 �� !"#$%&'(�� !"#$%&)�� !"#(�� !"#$%&'()*+,(- ) � Mr. Eduardo T. Malinis (�� !"#$%&')�� !"# (�� !"#$%&'()*) �� !"# (�� !"#$%&'()� Panel of Regulators in International Insurance Conference From left to...

... 2002. The second meeting will be held in Hong Kong at the end of this year. �� !"#$%&'()*+,-./01,2 �� !"#$%&'(�� !"#$%&)�� !"#(�� !"#$%&'()*+,(- ) � Mr. Eduardo T. Malinis (�� !"#$%&')�� !"# (�� !"#$%&'()*) �� !"# (�� !"#$%&'()� Panel of Regulators in International Insurance Conference From left to...

... 2002. The second meeting will be held in Hong Kong at the end of this year. �� !"#$%&'()*+,-./01,2 �� !"#$%&'(�� !"#$%&)�� !"#(�� !"#$%&'()*+,(- ) � Mr. Eduardo T. Malinis (�� !"#$%&')�� !"# (�� !"#$%&'()*) �� !"# (�� !"#$%&'()� Panel of Regulators in International Insurance Conference From left to...

... powers of delegation, the IARB may at any time establish a Panel or Panels which shall consist of at least one IARB Board Member. A Panel shall consider and deal with such matters and things as may be referred to it by the IARB. Subject to clause 10 below, the IARB may delegate any of its powers or...

... out the diligent review in the product design stage, as required under Paragraphs 5.1 and 5.2 of GL16. 8 For example, an insurer may screen the bank statements submitted by the customer (generally used to verify the bank balance and income level of the customer) for any bank overdraft or an...