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GL15.pdf
... GL15 GUIDELINE ON UNDERWRITING CLASS C BUSINESS Insurance Authority Contents Page 1. Introduction ……………………………………………… 1 2. Relevant Regulatory Documents…………………………. 1 3. Purpose…………………………………………………... 2 4. Duties of the Board of Directors, the Controller and the Appointed Actuary……………………………………….. 3...
https://www.ia.org.hk/english/legislative_framework/files/GL15.pdf -
Date: 2020-09-24
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FAQs
... Authority has confirmed your submission. Q6 What are the steps if I am using data input to submit remittance record? A6...
https://www.ia.org.hk/english/portal_for_insurers/lisa/faq.html -
Date: 2019-10-23
[PDF]
syll-15.pdf
... Deposit Fund B. Unitised Funds C. Switching ix. Benefits of Investing in Investment-linked Policies x. Risks of Investing in Investment-linked Policies xi. Comparison of Investment-linked Long Term Insurance Policies with Guaranteed and With-Profits Policies A. Guaranteed Policies/Without-Profits...
https://www.ia.org.hk/english/supervision/reg_ins_intermediaries/files/syll-15.pdf -
Date: 2019-12-02
...) (see examples in Annex E and Annex F) the lower of: (a) R x P; and (b) C R represents the applicable rate (Column 2 of the Table in paragraph 6); P represents premium; P1, P2… represents each premium payment made during the policy year; C represents the maximum levy for the respective class of...
https://www.ia.org.hk/english/portal_for_insurers/lisa/files/notes_on_collection_of_levy_on_insurance_premium.pdf -
Date: 2019-10-23
... On or after 1 Apr 2021 Levy rate 0.04% 0.06% 0.085% 0.1% Calculated by levy rate $6,000,000 x 0.04% = $2,400 $6,000,000 x 0.06% = $3,600 $6,000,000 x 0.085% = $5,100 $6,000,000 x 0.1% = $6,000 $2,000 $3,000 $4,250 $5,000 Levy payable, whichever is lower Levy cap for general insurance policy 9-month...
https://www.ia.org.hk/english/infocenter/files/Small_Levy_Big_Protection_EN.pdf -
Date: 2021-12-14
... On or after 1 Apr 2021 Levy rate 0.04% 0.06% 0.085% 0.1% Calculated by levy rate $6,000,000 x 0.04% = $2,400 $6,000,000 x 0.06% = $3,600 $6,000,000 x 0.085% = $5,100 $6,000,000 x 0.1% = $6,000 $2,000 $3,000 $4,250 $5,000 Levy payable, whichever is lower Levy cap for general insurance policy 9-month...
https://www.ia.org.hk/english/infocenter/files/Small_Levy_Big_Protection_EN.pdf -
Date: 2022-05-24
... On or after 1 Apr 2021 Levy rate 0.04% 0.06% 0.085% 0.1% Calculated by levy rate $6,000,000 x 0.04% = $2,400 $6,000,000 x 0.06% = $3,600 $6,000,000 x 0.085% = $5,100 $6,000,000 x 0.1% = $6,000 $2,000 $3,000 $4,250 $5,000 Levy payable, whichever is lower Levy cap for general insurance policy 9-month...
https://www.ia.org.hk/english/infocenter/files/Small_Levy_Big_Protection_EN.pdf -
Date: 2020-06-23
... comment for Topic #1] [Please enter the comment for Topic #2] [Please enter the comment for Topic #3] 6) Please list and rank the top five challenges of implementing HKFRS 17. Please also elaborate. For example, timeline, lack of HKFRS 17 expert in the market, lack of in-house expert, budget, lack of...
https://www.ia.org.hk/english/legislative_framework/circulars/reg_matters/files/2019_HKFRS_17_Readiness_Assessment_Survey.pdf -
Date: 2019-11-29
[PDF]
GL4Marked-up.pdf
...)50B respectively. • Form A/B in Schedule 5 – Person proposing to become controller within the meaning of section 13B(1). • Form A/B in Schedule 6 – Person who has become controller in contravention of section 13B(2). 5 2.11 2.13 Under sections 13A, 13AC, 13AE and 15 of the Ordinance, the IA must not...
https://www.ia.org.hk/english/legislative_framework/circulars/reg_matters/files/GL4Marked-up.pdf -
Date: 2018-01-12
[PDF]
GL4.pdf
... Schedule 6 – Person who has become controller in contravention of section 13B(2). 5 authorized insurer respectively unless it is satisfied that the person is a fit and proper person to be so appointed. Pursuant to sections 13AF and 15AA, the IA may impose any conditions that it considers appropriate on the...
https://www.ia.org.hk/english/legislative_framework/files/GL4.pdf -
Date: 2020-09-24