... New Q&As to Interpretation Notes 1 Insurance Authority (“IA”) Circular providing interpretation notes (“Circular”) relating to the Guideline on Sale of Investment-Linked Assurance Scheme (“ILAS”) Products The Insurance Authority (“IA”) issues this Circular with the aim of providing further...

... transparent manner, is particularly relevant in this respect, as it is from this that the principles and standards on claims handling in the IA’s Guidelines are drawn: 1) An authorized insurer should establish documented claims handling procedures with indicative time periods for handling...