... insurance brokers can approach insurers across the market1 to source the most suitable insurance products for clients and licensed insurance broker companies owe fiduciary duties to clients when acting as agents of the clients. In view of this, the Insurance Ordinance imposes requirements (set out in rules...

... of solvency. The solvency margin calculation is set out in Section 10 of the ICO for general insurers, and in the Insurance Companies (Margin of Solvency) Regulation for long- term insurers. 2.1.3 The ICO sets out the requirement for an insurer to maintain separate assets in separate long-term...

... will add a new section 129A to the Ordinance (set out in the SCHEDULE) to empower the IA to make rules on the requirements in paragraph 10 to 11 above. Consultation 13. This paper is published by the IA to consult the public on the draft Rules (see ANNEX A) which will be made pursuant to new section...

..., designated under the heading of "Details of Specially Designated Global Terrorist [SDGT] Entities", the US Government added five new aliases and amended the name of a former aliase on 22 March 2004. Detailed information is set out in Annex. You should review your records carefully to see...

... sector, the FATF calls for its member to continue to apply counter-measures against this jurisdiction. Accordingly, you should continue to apply the counter-measures against Nauru as set out in my letter of 10 December 2001. Furthermore, in view of the inadequate progress made by Nigeria and...

...) announced today (21 February 2020) a set of temporary facilitative measures1 to reduce the risk of infection from face-to-face meetings between intermediaries and their clients. These temporary facilitative measures cover only Qualifying Deferred Annuity Policy and Voluntary Health Insurance...

... point-of-sale is duly performed and an extended cooling-off period of no less than 30 calendar days is in place. Fast Track to process VO Sandbox applications The IA has set up a fast track to expedite the processing of applications from insurers without VO Sandbox intending to sell life...

... authorized insurers taken into account, and contains a set of Frequently Asked Questions (“FAQs”) to help illustrate the relevant requirements. The FAQs are not intended to be exhaustive, and will be kept under review and updated when necessary. We will conduct two briefing sessions jointly with the HKFI to...

... authorized insurers taken into account, and contains a set of Frequently Asked Questions (“FAQs”) to help illustrate the relevant requirements. The FAQs are not intended to be exhaustive, and will be kept under review and updated when necessary. We will conduct two briefing sessions jointly with the HKFI to...

... development of the RBC regime, the Insurance Authority (IA) has finalized the remaining package of template and technical specifications on matching adjustment (MA package) for insurers carrying on long term business. We are writing to enlist your continuous support in completing and submitting data as set...