... March 2019, the Insurance Authority (“IA”) published a draft Code of Conduct for Licensed Insurance Brokers (“Brokers’ Code”) for public comment under the cover of a consultation paper (“Consultation Paper”). The draft Brokers’ Code set out guidance on the practices and standards which licensed...

... tasked by the Government to issue guidelines to set out the criteria for deferred annuity products to become a Qualifying Deferred Annuity Policy (QDAP). Deferred Annuity as a Retirement Planning Tool An annuity is a retirement planning tool that can help...

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..., with the exception of pure reinsurers. A pure reinsurer is required to give only one set of financial projections on a “realistic estimate” basis. As regards a captive insurer, only projections on premium income and claims outstanding for the first three years of operation are required. 29. For an...

..., with the exception of pure reinsurers. A pure reinsurer is required to give only one set of financial projections on a “realistic estimate” basis. As regards a captive insurer, only projections on premium income and claims outstanding for the first three years of operation are required. 29. For an...

... after the point of sale; (c) reducing the risk of sales which are not appropriate to customers’ needs; (d) ensuring that any advice given is of a high quality; and 3 (e) managing the reasonable expectations of customers. 3.4 This Guideline aims to set out the proper standards of conduct and business...

...  insurance protection, policy fees and charges.  部份保費撥入保單賬戶，其價值是參照用以認購自行選擇的投資 項目的價值而釐定，；其餘的保費則會用來購買壽險保障和支付 相關費用。    Can I stop or change the amount of premium payment after the policy  has been issued?  保單生效後，我可否停止供款，或改變供款金額? Bullet point 1 –  第一點– You  can  stop  payment;  however,  it may  attract  a...

... regular-premium policy to be recommended, or whether the client could afford to set aside a lump sum of liquid assets for the specified term of a single-premium policy. Special attention should be given to clients who are dependent financially on other person or with an unstable income, e.g. dividends/interest of...

... is necessary. Will you obtain any cash value upon surrendering your existing policy? In the first few years of a life insurance policy, the cash value is usually very small or insignificant compared to the premium paid. (h) Will you be subject to a higher premium rate or a longer premium payment...

... is necessary. Will you obtain any cash value upon surrendering your existing policy? In the first few years of a life insurance policy, the cash value is usually very small or insignificant compared to the premium paid. (h) Will you be subject to a higher premium rate or a longer premium payment...