... outsourcing. Q7 In selling an insurance policy, if the insurance agent is authorized to issue the policy on behalf of the authorized insurer, would such activity be regarded as outsourcing? A7 Such activity is a type of ancillary services relating to the sale of insurance policies by an insurance agent and is...

... and type of mitigation to be applied; (c) obtained the approval of senior management on the assessment results; (d) a process by which the risk assessment is kept up-to-date; and (e) appropriate mechanisms to provide your risk assessment to the Insurance Authority when required to do so. Should you...

... Mohamed, under item no. 50 has been updated. In addition, four entities, Al-Haramain Foundation (Indonesia); Al-Haramain Foundation (Pakistan); Al-Haramayn Foundation (Kenya) and Al-Haramayn Foundation (Tanzania), have been added under item no. 18, 19, 22 and 23 respectively on the list of...

... and commenced on 19 March 2021. The amended Inland Revenue Ordinance (Cap. 112) reduces the profits tax rate by 50 per cent (i.e. 8.25 per cent) for all general reinsurance business of direct insurers, specialty insurance business2 of direct insurers and specialty insurance brokerage...

... 香港長期保險業務的臨時統計數字 Provisional Statistics on Hong Kong Long Term Insurance Business January to March 2016 表格 HKLQ1-1 Form HKLQ1-1 類別 Class 業務種類 Type of Business 整付保費 Single Premiums 非整付保費 Non-single Premiums 受保人數 No. of Lives 整付保費 Single Premiums 非整付保費 Non-single Premiums 此期間收入帳內的可收 取的整付保費 Single...

... Commissions Receivable 2016 2017 2018 2019 2020 2016 2017 2018 2019 2020 百萬元 $m 百萬元 $m 百萬元 $m 百萬元 $m 百萬元 $m 百萬元 $m 百萬元 $m 百萬元 $m 百萬元 $m 百萬元 $m 69.5 88.1 88.1 126.5 159.0 47.4 37.6 36.3 37.9 57.4 40.5 34.8 50.7 50.6 52.9 (0.1) 2.5 2.6 0.7 4.4 1.5 3.0 4.8 7.6 2.6 0.0 0.0 0.1 0.0 0.0 42.2 37.5 28.5 45.4 42.7...

... Commissions Receivable 2015 2016 2017 2018 2019 2015 2016 2017 2018 2019 百萬元 $m 百萬元 $m 百萬元 $m 百萬元 $m 百萬元 $m 百萬元 $m 百萬元 $m 百萬元 $m 百萬元 $m 百萬元 $m 81.0 69.5 88.1 88.1 126.5 24.8 47.4 37.6 36.3 37.9 37.7 40.5 34.8 50.7 50.6 0.7 (0.1) 2.5 2.6 0.7 0.0 1.5 3.0 4.8 7.6 0.0 0.0 0.0 0.1 0.0 45.6 42.2 37.5 28.5 45.4 9.3...

..., individual licensees with a shortfall in CPD hours as at 31 July 2021 of no more than 50%, were given the opportunity to make good the shortfall by 31 October 2021 (in order avoid any penalty). Any individual licensees in this category who failed make good their shortfall by 31 October 2021 would face a fine...