...: A minimum total premium of HK$180,000 and minimum payment period of five years; A minimum annuity period of 10 years; Annuitization at the age of 50 or above; and Fulfilment of the following disclosure requirements...

... issued by the relevant regulatory authorities and industry bodies from time to time, including:  Code of Practice for Life Insurance Replacement(Note 1) Cooling-off Period (Note 1)  Customer Protection Declaration (CPD) Form (Note 1)  Guidance Note on Gifts (Note 1)  Guidance Note on Gifts...

... transitional period to enable authorized insurers and licensed insurance intermediaries to align their documentation, controls and processes with the enhanced requirements on OA ILAS products for Professional Investor (PI) as set out in Q&A 31A and 32A to 32E of this Circular (“Enhanced OA ILAS Requirements...

... transitional period to enable authorized insurers and licensed insurance intermediaries to align their documentation, controls and processes with the enhanced requirements on OA ILAS products for Professional Investor (PI) as set out in Q&A 31A and 32A to 32E of this Circular (“Enhanced OA ILAS Requirements...

... remaining $9,000. Provide the insurer with up-to-date information in a timely manner Policyholders should notify their insurer when they move home or make a structural change to the building during the policy period. Any changes, such as interior decoration of an insured property, may...

... application, cooling-off period, after-sales services, etc. for VHIS Providers to comply with so as to supplement the Policy Template. It is particularly important for insurance intermediaries to get familiar with the requirements of the Code of Practice on “sales and marketing”, which are summarised below...

... backlog – Compliance Review & Resources 7 Findings: Rectification process for certain identified AML/CFT gaps or deficiencies:  repeated postponement of target completion timelines (e.g. over 1 year)  outstanding for a substantial period of time (e.g. over 1 year)  subsequent recurrence of...

... backlog – Compliance Review & Resources 7 Findings: Rectification process for certain identified AML/CFT gaps or deficiencies:  repeated postponement of target completion timelines (e.g. over 1 year)  outstanding for a substantial period of time (e.g. over 1 year)  subsequent recurrence of...

... backlog – Compliance Review & Resources 7 Findings: Rectification process for certain identified AML/CFT gaps or deficiencies:  repeated postponement of target completion timelines (e.g. over 1 year)  outstanding for a substantial period of time (e.g. over 1 year)  subsequent recurrence of...

... from a prospective view • Continuity analyses and Stress Scenarios (plausible and adverse) • Board review and deliberations on ORSA results are vital 13 Risk-based Capital Regime Timeline 201920182017 2020 2021 2022 + Final Standard Start of comparative period Effective date 1 January 2021 First...