... 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 Kong b. Employees Compensation Assistance Scheme c. Employees Compensation Insurer Solvency Bureau 2.3 Policy Wording...

... 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...

... compliance costs and business impact on insurers at the implementation stage. 11. The second task is the establishment of a Policyholders’ Protection Scheme. This seeks to enhance the protection of policyholders in the event of insolvency of an insurance company. Put it simply, it is the insurance sector’s...

... compliance costs and business impact on insurers at the implementation stage. 11. The second task is the establishment of a Policyholders’ Protection Scheme. This seeks to enhance the protection of policyholders in the event of insolvency of an insurance company. Put it simply, it is the insurance sector’s...

... compliance costs and business impact on insurers at the implementation stage. 11. The second task is the establishment of a Policyholders’ Protection Scheme. This seeks to enhance the protection of policyholders in the event of insolvency of an insurance company. Put it simply, it is the insurance sector’s...

..., after consulting the Insurance Authority, has introduced the following major initiatives/arrangements: Customer Protection Declaration Form The Customer Protection Declaration Form (“CPDF...

... 2 June 2020 Our ref: INS/TEC/6/20/5 By email only To: Chief Executives of all authorized insurers Dear Sirs, Updated Assessment on the Proposed Policy Holders’ Protection Scheme in Hong Kong We would like to enlist your support for and participation in an updated assessment on the proposed Policy...

... 2 June 2020 Our ref: INS/TEC/6/20/5 By email only To: Chief Executives of all authorized insurers Dear Sirs, Updated Assessment on the Proposed Policy Holders’ Protection Scheme in Hong Kong We would like to enlist your support for and participation in an updated assessment on the proposed Policy...

... better protection of policy holders.” The IA has also embarked on a host of other regulatory reforms, such as the Risk-based Capital Regime, the Policy Holders’ Protection Scheme, the group-wide supervision framework, and the promotion of Insurtech development. The Annual...

...) products covered in the first phase of the temporary facilitative measures, the second phase now also covers additional protection type products, including term policies, and certain refundable or renewable policies that provide insurance protection (such as hospital cash, medical, critical illness...