...”) Requirements – CPD Compliance Reporting Procedures for Assessment Periods 2019/20 and 2020/21 As you will know from our circulars dated 12 June 2020 and 30 September 2020, the Insurance Authority (“IA”) has merged the CPD assessment period for 23 September 2019 to 31 July 2020 (“the First Assessment Period...

... is proposed to set the assessment period as a period from 1 August of a year to 31 July of the following year. 3 Responsible officers are individuals referred to in the new sections 64ZE and 64ZF of the Insurance Ordinance (Cap. 41) (“IO”). 4 Under the current self-regulatory regime for insurance...

... Person Single Person Monthly income Tax savings 3 Receive annuity payouts regularly over a specified length of time or as long as you live Pay the premiums Annuity periodPremium payment period Premiums are invested and accumulated during the accumulation period What is an annuity? What is a deferred...

... intermediary licence to carry on regulated activities in the line of business that passing these papers would permit, subject to the fulfilment of all other applicable licensing requirements. However, within 18 months counting from the date of passing the RIME papers (“the 18-months period”), you would have to...

... stream of income, giving them greater certainty and control in planning for their retirement life.” The IA has promulgated a new guideline elucidating the standard features of QDAP that include minimum total premium of $180,000, minimum payment period of five years, minimum annuity period...

... possession of five years’ proven experience in insurance business in Hong Kong within the six-year period immediately before 1 January 2000 are exempted from P&P Paper as well as GI, LT and TIA Papers, as appropriate (which relates to the specific experience they have obtained); exemption from all 4 papers...

... immediately before 1 January 2000) in possession of five years’ proven experience in insurance business in Hong Kong within the six-year period immediately before 1 January 2000 are exempted from P&P Paper as well as GI, LT and TIA Papers, as appropriate (which relates to the specific experience they have...