... knowledge of the customer b) Material change occurs in respect of the operation of a customer's account. Office of the Commissioner of Insurance The Government of the Hong Kong Special Administrative Region Special Requirements Insurance policy ·Identify a beneficiary by name or ·In the case of designation...

... recorded in the contract of insurance, whether in the insurance policy, the policy schedule, the quotation or offer letter, or in any promotional material (the terms of which are incorporated by reference into the contract of insurance). 7. Procedures and Controls 7.1 Authorized insurers, licensed...

... 保險業監管局 Insurance Authority 2019–20 ANNUAL REPORT Insurance Authority 19/F, 41 Heung Yip Road, Wong Chuk Hang, Hong Kong Tel: (852) 3899 9983 Fax: (852) 3899 9993 Website: www.ia.org.hk Leading Change and Propelling Growth conTenTs 2 Chairman’s message 4 CeO’s message The Year Under review 6 FinanCi...

... 保險業監管局 Insurance Authority 2019–20 ANNUAL REPORT Insurance Authority 19/F, 41 Heung Yip Road, Wong Chuk Hang, Hong Kong Tel: (852) 3899 9983 Fax: (852) 3899 9993 Website: www.ia.org.hk Leading Change and Propelling Growth conTenTs 2 Chairman’s message 4 CeO’s message The Year Under review 6 FinanCi...

... the licensed insurance intermediary of any material changes to the information provided during the FNA process. In the event that a customer purchases an additional insurance policy(ies) or coverage from the same authorized insurer or via the same licensed insurance intermediary within 12 months after...

... the licensed insurance intermediary of any material changes to the information provided during the FNA process. In the event that a customer purchases an additional insurance policy(ies) or coverage from the same authorized insurer or via the same licensed insurance intermediary within 12 months after...

... the licensed insurance intermediary of any material changes to the information provided during the FNA process. In the event that a customer purchases an additional insurance policy(ies) or coverage from the same authorized insurer or via the same licensed insurance intermediary within 12 months after...

... client of the unauthorised status of the insurer and the reasons for recommending such insurer. (j) Members shall make it clear to their clients in completing the proposal form, claim form, or any other material document that the clients are solely responsible for the correctness of the answers or...

... the proposed requirement on prior notification of material intra-group transactions as well as material events or transactions of the group. Some respondents suggest that the threshold should be predefined and set high enough to avoid massive reporting. Prior notification facilitates the IA to monitor...

... Administrative Region PrePre--existing Customersexisting Customers Carry out CDD when a) A transaction takes place which is:- • Unusual or suspicious by virtue of the amount or nature • Not consistent with the financial institution’s knowledge of the customer b) Material change occurs in respect of the operation...