..., meaning that the policy holder still pays the same $1 million out-of-pocket but borrows the remaining $5 million from a financial institution. Let us further assume that the loan requires interest to be paid monthly at 2% per annum calculated using simple interest basis, and the loan principal is due only...

... wish to answer either one of them, please cross it out.] 4. Your ability to pay premiums: a. What is your average monthly income from all sources in the past 2 years? (tick one or more) i.  Specific amount: Not less than HK$ per month or ii.  In the following range: a)  less than HK$10,000 b)  HK...

... will pay the costs reasonably incurred for renting a temporary substitute car of the same make and model, subject to an excess, a limit per accident and per period, and some other conditions. (xi) Claims recovery service: The insurer will, on behalf of the insured, pursue recovery of any uninsured...

...) deal appropriately with any exceptions as per section 4.6 below. Special consideration is required where business is introduced by an insurance broker. It is important that in performing the Suitability Check and dealing with any exceptions as per Section 4.6 below, the applicant(s) fully understand...

... disciplinary action includes the imposition of a pecuniary penalty (i.e. a fine). As per the CPD Penalty Framework, if an individual licensee fails to complete the requisite number of CPD hours, this will impact his or her fitness and properness exposing him or her to disciplinary action by the IA. If the IA...

... reporting requirements are administrative in nature, contravention (per the Ordinance) may constitute an offence. Our preference would be not to have to divert resources to enforcing such contraventions, but for that to happen it will be important to see compliance with these requirements going forward....

... the minimum guaranteed crediting interest rates prescribed under the policy. If the policy does not offer any minimum guaranteed crediting interest rate, a conservative crediting interest rate of 0% per annum should be used. The second one is based on the current assumed crediting interest rate (i.e....

... (18 September 2012) 32. Washington State Office of the Insurance Commissioner, USA (18 September 2012) 33. Istituto per la Vigilanza sulle Assicurazioni Private e di Interesse Collectivo (ISVAP), Italy (26 November 2012) 34. Central Bank of Ireland, Ireland (14 February 2013) 35. Prime Ministry...

... (18 September 2012) 32. Washington State Office of the Insurance Commissioner, USA (18 September 2012) 33. Istituto per la Vigilanza sulle Assicurazioni Private e di Interesse Collectivo (ISVAP), Italy (26 November 2012) 34. Central Bank of Ireland, Ireland (14 February 2013) 35. Prime Ministry...

... (18 September 2012) 32. Washington State Office of the Insurance Commissioner, USA (18 September 2012) 33. Istituto per la Vigilanza sulle Assicurazioni Private e di Interesse Collectivo (ISVAP), Italy (26 November 2012) 34. Central Bank of Ireland, Ireland (14 February 2013) 35. Prime Ministry...