... 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...

... 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...

... 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...

... product risks, key exclusions, 21- day cooling-off period etc. 8.4 The proper sales process flow is set out in the flowchart at the Annex. It involves completion of the FNA (if applicable), confirmation of needs, comparison of different insurance options (where FNA has been performed), and explanation of...

... 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...