... Insurance 1.7.4 Statutory Requirements for Third Party Risks Insurance 2. UNDERWRITING AND POLICY WORDING 2.1 Proposal and Material Facts 2.1.1 Material Facts and Risk Assessment 2.1.2 Physical Hazards and Moral Hazards 2.1.3 Proposal Forms 2.1.4 Methods of Obtaining Material Facts 2.2 Underwriting...
https://www.ia.org.hk/english/supervision/reg_ins_intermediaries/files/GI_syl_eng_2019_file2.pdf -
Date: 2019-12-02
... the way in which insurance business is conducted. In this edition we present statistics on the complaints received by the IA for the full year 2021, recommend best practice principles for complaints handling by insurers, examine problems which can arise when material facts are not disclosed when...
https://www.ia.org.hk/english/infocenter/files/Conduct_in_Focus_Mar_issue_EN.pdf -
Date: 2022-05-24
... illusion of trust August 2022 Issue 5 Self-reporting material matters: An integral part of any robust corporate governance framework Enforcement Update The...
https://www.ia.org.hk/english/legislative_framework/conduct_in_focus.html -
Date: 2024-01-18
... Authority and Supervisory Review 40 11. Implementation 42 Glossary 43 Annex A Identification of Group 47 Annex B Types of notifiable material intra-group transactions or events 48 1 1. Introduction 1.1 This Guideline is issued by the Insurance Authority (“IA”) pursuant to section 133 of the Insurance...
https://www.ia.org.hk/english/legislative_framework/circulars/reg_matters/files/Revised_Draft_Guideline_on_Enterprise_Risk_Management.pdf -
Date: 2019-11-29
...……………………………………….….. 3 6. Supervisory Approach…………………………….……... 14 7. Commencement………………………………………….. 15 Annex Examples of Outsourcing …………………………….…. 1 Prior Notification of Material Outsourcing Arrangement – Checklist of Information to be Submitted to the Insurance Authority for Entering into an Outsourcing Arrangement...
https://www.ia.org.hk/english/legislative_framework/files/GL14.pdf -
Date: 2020-09-24
... agree with the proposed tiering approach for non-regulated entities? Question 5 Do you agree with the criteria for defining a “material supervised group member” in Rule 10(6) of the Group Capital Rules? 2 ...
https://www.ia.org.hk/english/infocenter/files/Feedback_Template_on_the_Draft_Insurance_Group_Capital_Rules_ENG.docx -
Date: 2020-08-19
... and mitigating risks in respect of the insurer and, if applicable, the group to which it belongs. It involves setting the risk appetite and the self-assessment of all reasonably foreseeable and relevant material risks that the insurer faces, and their inter-relationships, providing a link between...
https://www.ia.org.hk/english/legislative_framework/circulars/reg_matters/files/Draft_Guideline_on_Enterprise_Risk_Management.pdf -
Date: 2018-11-30
... 11. Implementation 42 Glossary 43 Annex A Identification of Group 47 Annex B Types of notifiable material intra-group transactions or events 48 1 1. Introduction 1.1 The Insurance Authority (“IA”) issues this Guideline pursuant to section 133 of the Insurance Ordinance (Cap. 41) (“Ordinance”) and its...
https://www.ia.org.hk/english/legislative_framework/files/GL21.pdf -
Date: 2020-09-24
... 11. Implementation 42 Glossary 43 Annex A Identification of Group 47 Annex B Types of notifiable material intra-group transactions or events 48 1 1. Introduction 1.1 The Insurance Authority (“IA”) issues this Guideline pursuant to section 133 of the Insurance Ordinance (Cap. 41) (“Ordinance”) and its...
https://www.ia.org.hk/english/legislative_framework/circulars/reg_matters/files/GL21.pdf -
Date: 2019-11-29
... protection needs and compare the coverage and exclusions of different plans before taking out a medical insurance policy. Please refer to the section Tips on applying for insurance on this webpage for more information. Case 2: Non-disclosure of material facts...
https://www.ia.org.hk/english/medical_insurance/case_studies.html -
Date: 2020-08-24