... sale but becomes relevant after policy issuance, insurers should determine whether policyholders should be informed or not with due regard to the situation and materiality of the risk involved. - 2 - Q 5. Section 6.8 specifies that for policies to be used as collateral assignment (e.g. for premium...

..., namely Basic Benefits, as prescribed in the Policy Template (see (c)(ii) above). (5) A Flexi Plan must provide Enhanced Benefits in addition to the Basic Benefits. The design of Flexi Plans must adhere to the “better-off principle” entailing terms and benefits which will bring more protection to...

... for 26.4% of the total new office premiums for individual business. Among these new policies, about 97% were medical or protective in nature, such as critical illness, medical, whole life, term life and annuity products. In terms of premium payment pattern, about 99% of the policies were paid at...

... Assessment 2.1.2 Physical Hazards and Moral Hazards 2.1.3 Proposal Forms 2.1.4 Methods of Obtaining Material Facts 2.2 Underwriting Procedures 2/8 2.2.1 Quotations 2.2.2 Proposal Forms 2.2.3 Issue of Cover Notes, Policies and Certificates of Insurance 2.2.4 Premium 2.2.5 Levies on Premiums 2.3 Policy Wording...

... insured event has occurred, no claims will be accepted. The coverage, benefit limit, exclusions and premium levels of travel insurance products offered by insurers vary. Travellers must understand the policy details and the terms and conditions clearly before taking out a policy and choose a...

... INSURANCE AUTHORITY POLICYHOLDERS’ PROTECTION SCHEME FOR THE INSURANCE INDUSTRY OF HONG KONG DATA COLLECTION TEMPLATE Name of insurer: I certify that: i. The information contained in the submission pack is properly prepared in accordance with the requirements stated in data collection...

... INSURANCE AUTHORITY POLICYHOLDERS’ PROTECTION SCHEME FOR THE INSURANCE INDUSTRY OF HONG KONG DATA COLLECTION TEMPLATE Name of insurer: I certify that: i. The information contained in the submission pack is properly prepared in accordance with the requirements stated in data collection...

... by the temporary facilitative measures include Qualifying Deferred Annuity Policy (QDAP), Voluntary Health Insurance Scheme (VHIS) products, term life policies, and refundable policies without substantial savings component or renewable policies without cash value that provide insurance protection...

... Property Damage business resulting from the absence of any major typhoons. As at 31 December 2019, gross and net claims incurred by authorized insurers due to the social events were HK$1,292 million and HK$411 million respectively. Premium growth was mainly driven by the growth in Property Damage business...

... Methods of Obtaining Material Facts 2.2 Underwriting Procedures 2/8 2.2.1 Quotations 2.2.2 Proposal Forms 2.2.3 Issue of Cover Notes, Policies and Certificates of Insurance 2.2.4 Premium a. Method of Calculation b. Relevance of Premium Payment for Valid Cover 2.2.5 Levies a. Motor Insurers’ Bureau of Hong...