..., it should not assume an unreasonably high level of early voluntary terminations in which the member clearly loses a valuable guarantee by exercising the option; and (d) the way in which the guarantor expects to exercise any available options in the event of the specific situation projected in each...

... ions were rece i ved f rom industry bodies, professional bodies and other in terested par t ies . The Insurance Authori ty has given due considerat ion to each submission. I n d u s t r y b o d i e s w i l l b e f u r t h e r consulted on the way forward. The Insu rance Au tho r i t y w i l l cont inue...

... application process for deemed licensees was outlined in our circular of 25 August 2020, but by way of brief recap applications by deemed licensees should be submitted as follows:  Individual insurance agents: Applications by deemed licensees who are individual insurance agents should be submitted via the IA...

... interpreted in a way that would override the provision of any law. The IA reserves the right to review and update this Circular from time to time. Unless otherwise specified, words and expressions in this Circular shall have the same meanings as given to them in the Guideline. (Q&A 31A, 32A to 32E and 34 were...

... Person will be informed of his/her/its right to make representations regarding the matters set out in the NPDA. These may be made by way of written or oral representations. It is important that the Regulated Person takes the opportunity to include all representations he/she/it wishes the Disciplinary...

... ions were rece i ved f rom industry bodies, professional bodies and other in terested par t ies . The Insurance Authori ty has given due considerat ion to each submission. I n d u s t r y b o d i e s w i l l b e f u r t h e r consulted on the way forward. The Insu rance Au tho r i t y w i l l cont inue...

... will be included in the NPDA. Representations by the Regulated Persons In the NPDA, the Regulated Persons will be informed of their right to make representations regarding the matters set out in the NPDA. These may be made by way of written or oral representations. It is important that the Regulated...

... will be included in the NPDA. Representations by the Regulated Persons In the NPDA, the Regulated Persons will be informed of their right to make representations regarding the matters set out in the NPDA. These may be made by way of written or oral representations. It is important that the Regulated...

..., however, by way of example: (i) Liability limits: Market practice recommends the minimum HK$100 million limit of liability required by law in respect of third party death/injury cover and HK$1 million for third party property damage. These figures are for standard policy cover, and the latter may be...

... host of other specialized vehicles. Some considerations may be mentioned, however, by way of example: (i) Liability limits: Market practice recommends the minimum HK$100 million limit of liability required by law in respect of third party death/injury cover and HK$1 million for third party property...