... offering Gifts ……………………………... 4 6. Premium Rebates and Commission Rebates ……………… 5 7. Procedures and Controls ………………………………….. 5 8. Commencement…………………………………………... 6 9. Transitional Provision…………………………………….. 6 Permitted Gifts Annex 1 1. Introduction 1.1 The Insurance Authority (“IA”) issues this Guideline...

... stream of income, giving them greater certainty and control in planning for their retirement life.” The IA has promulgated a new guideline elucidating the standard features of QDAP that include minimum total premium of $180,000, minimum payment period of five years, minimum annuity period...

... 2021. The premium growth achieved by the market in 2022 was mainly attributable to Accident & Health (“A&H”) business and General Liability (comprising Employees’ Compensation (“EC”)) business which reported growth of 8.3% and 6.1% respectively due to a...

... Risk Profile reflecting risk appetite 7 7 Factors to consider Q u a lit a ti v e • Nature, scale, diversity and complexity of business • Distribution channels • Geographical location/Country • Reliance on third party service providers • Previous internal audit/regulatory findings Q u a n ti ta ti v e...

... Risk Profile reflecting risk appetite 7 7 Factors to consider Q u a lit a ti v e • Nature, scale, diversity and complexity of business • Distribution channels • Geographical location/Country • Reliance on third party service providers • Previous internal audit/regulatory findings Q u a n ti ta ti v e...

... Risk Profile reflecting risk appetite 7 7 Factors to consider Q u a lit a ti v e • Nature, scale, diversity and complexity of business • Distribution channels • Geographical location/Country • Reliance on third party service providers • Previous internal audit/regulatory findings Q u a n ti ta ti v e...

... should ensure that the financial information of the client to be collected would allow them to assess and to advise the client on his/her capability to commit to any new or additional long term insurance policy, i.e. on whether the client could afford to pay at the premium level for the full term of a...

... practice x AML Risk ≠ UnderwriDng Risk � Calculate total premium on a per policyholder basis and a per payor basis to determine whether income/asset proof is required Customer Acceptance � Risk scoring system built in to facilitate automatic calculation of AML risk scores of customers Ongoing Monitoring x...

... practice x AML Risk ≠ UnderwriDng Risk � Calculate total premium on a per policyholder basis and a per payor basis to determine whether income/asset proof is required Customer Acceptance � Risk scoring system built in to facilitate automatic calculation of AML risk scores of customers Ongoing Monitoring x...

... Hence, the policyholder must notify the insurer about the unoccupancy beforehand and the reason for travelling away from home or leaving the home vacant for interior decoration works, and so forth, and check with the insurer whether there is any adjustment to the premium and what the details of the...