... unless the insurer has established and maintained an Unearned Premium Reserve, a Provision for Claims Outstanding (including claims incurred but not reported (“IBNR”)) and a Contingency Reserve in the manner set out in paragraphs 4.2 to 4.6 below respectively. Unearned Premium Reserve (“UPR”) 4.2. Since...

... cases are set out in Annex A for reference. MAXIUMUM LEVY 9. A maximum levy (Column 3 and 4 of the Table in paragraph 6) is imposed on general insurance policies and long term insurance policies 3 Inception date, in relation to a contract of insurance, means the date on which the first premium under the...

... Insurance Authority revokes insurance agent’s licence and imposes 11-month ban for misconduct in handling client’s premium 27 January 2023 The Insurance Authority (IA) has taken disciplinary action against an insurance agent by revoking...

... investigation found that in June 2018, Mr Chan had received a signed direct debit authorization (DDA) form from a client based overseas requiring a direct debit to be set up to settle premium payments under an insurance policy. Mr Chan found that client signature on one of the signature pages of the DDA form...

... Business Ethics = A set of principles which determines what is the right behavior when conducting insurance business or carrying on regulated activity • Honesty and Integrity • Acting in the client’s best interests and treating clients fairly • Due care and diligence • Professional competence and...

... this statement, please do not sign the confirmation and do not purchase the ILAS policy. You may request the Chinese version of this statement from your licensed insurance intermediary. 閣下可向銷售的持牌保險中介人索取本文件的中文版本。 SOME IMPORTANT FACTS YOU SHOULD KNOW (1) Statement of Purpose: Please set out your reasons...

... this statement, please do not sign the confirmation and do not purchase the ILAS policy. You may request the Chinese version of this statement from your licensed insurance intermediary. 閣下可向銷售的持牌保險中介人索取本文件的中文版本。 SOME IMPORTANT FACTS YOU SHOULD KNOW (1) Statement of Purpose: Please set out your reasons...

... You can select a currency other than HKD as the policy currency if available under the QDAPs, which means you will pay the premium and receive the annuity income payments in that currency. In addition to the impact on the internal rate of return (IRR) brought by the currency itself, the exchange rate...

... promotion such that if a new customer purchases a policy from the insurer and settles the relevant premium payment during a set promotion period, the policy holder will be entitled to a rebate at the end of the 1st policy year of the policy, and the rebate will be applied to off-set the premium payment...

... promotion such that if a new customer purchases a policy from the insurer and settles the relevant premium payment during a set promotion period, the policy holder will be entitled to a rebate at the end of the 1st policy year of the policy, and the rebate will be applied to off-set the premium payment...