... Office of the Commissioner of Insurance 2015 Annual Report ANNUAL REPORT Supervision • Protection • Development 2015 Contents Mission Statement 3 Key Indicators 5 Insurance Industry Statistical Highlights 8 Message from the Commissioner 12 Work of the Insurance Authority 15 General Insurance Busine...

... into account the following considerations :     The framework must be IAIS ICP-compliant.  Reference should be drawn from the experiences of overseas jurisdictions that have already put in place RBC regimes.  The framework should take into account the market landscape and special needs of Hong Kong...

... Agents 4 context of a highly competitive insurance market, a changing legal and regulatory landscape, new opportunities, differing business needs and evolving customer expectations). IA’s response 10. We are pleased that there is general agreement regarding the objective of “treating clients fairly...

... Agents 4 context of a highly competitive insurance market, a changing legal and regulatory landscape, new opportunities, differing business needs and evolving customer expectations). IA’s response 10. We are pleased that there is general agreement regarding the objective of “treating clients fairly...

... inferred from conduct is where someone picks up a newspaper from a street vendor and where their body language clearly indicates a purchase. Technically, a contract is formed between the seller and buyer, with the acts of handing over and accepting the money for the newspaper: no words or writing are...

... It can also be inferred from conduct. In short, the validity of simple contracts does not depend on special formalities. [An example of a contract inferred from conduct is where someone picks up a newspaper from a street vendor and where their body language clearly indicates a purchase. Technically...

... simple contracts does not depend on special formalities. [An example of a contract inferred from conduct is where someone picks up a newspaper from a street vendor and where their body language clearly indicates a purchase. Technically, a contract is formed between the seller and buyer, with the acts of...

... simple contracts does not depend on special formalities. [An example of a contract inferred from conduct is where someone picks up a newspaper from a street vendor and where their body language clearly indicates a purchase. Technically, a contract is formed between the seller and buyer, with the acts of...