... such income (in full or in part) at the affordability assessment. In the event of doubt, authorized insurers and licensed insurance intermediaries should adopt a prudent approach when performing the affordability assessment for such cases. Q10 Can authorized insurers or licensed insurance...

... compliance costs and business impact on insurers at the implementation stage. 11. The second task is the establishment of a Policyholders’ Protection Scheme. This seeks to enhance the protection of policyholders in the event of insolvency of an insurance company. Put it simply, it is the insurance sector’s...

..., Sigma Report 2016 4 complicated contract with terms and conditions that an ordinary client would not be able to understand fully at the point of sale. And they would only find out some hiccups, misunderstanding or even misrepresentations when an unfortunate event occurred necessitating making a claim...

... Consultation Paper on the Draft Insurance (Group Capital) Rules Consultation Paper on Draft Insurance (Group Capital) Rules 1 FOREWORD 1. This paper is published by the Insurance Authority to consult the public on the draft rules to be made under section 129 of the Insurance Ordinance (Cap. 41), na...