... Observation • No evidence that PEP / terrorist checking (such as making reference to publicly available information and screening against current terrorist and sanctions designations) was performed against the customers. • Use of third party vendor to conduct comprehensive screening (Ref: Guideline paragraph...

... Observation • No evidence that PEP / terrorist checking (such as making reference to publicly available information and screening against current terrorist and sanctions designations) was performed against the customers. • Use of third party vendor to conduct comprehensive screening (Ref: Guideline paragraph...

... the person actively assists a potential policy holder to complete an application for insurance and sends it to an insurer. The IA also takes the view that if premium is being charged and collected by a person specifically for the purpose of effecting a contract of insurance, then the person involved...

... the person actively assists a potential policy holder to complete an application for insurance and sends it to an insurer. The IA also takes the view that if premium is being charged and collected by a person specifically for the purpose of effecting a contract of insurance, then the person involved...

...%), accounting for 26.6% of the total new office premiums for individual business.  Among these new policies, about 95% were medical or protective in nature, such as critical illness, medical, whole life, term life and annuity products.  In terms of premium payment pattern, about 99% of the policies...

... their clients to replace their existing policies with those issued by another insurer by misrepresentation, fraudulent or unethical means). Representation of Information – refers to complaints relating to the presentation of an insurance product’s features, policy terms and conditions, premium payment...

... their clients to replace their existing policies with those issued by another insurer by misrepresentation, fraudulent or unethical means). Representation of Information – refers to complaints relating to the presentation of an insurance product’s features, policy terms and conditions, premium payment...

...% compared to 68.5% in 2017. The premium growth was mainly driven by the growth in General Liability business followed by Accident & Health business, which reported increments of 22.3% and 9.2% respectively. Other business lines delivered growth between 1.3% and 8.4%. The overall underwriting performance...

... technology (IT) infrastructure, determination of the measurement models (such as general model, premium allocation model, or variable fee model), data storage and management, reporting & disclosure requirements, lack of actuarial support, etc. Optional – you may also supplement the proposed solutions...

..., conflict or breach of conduct. Handling Client’s Premiums 4.3 In case where client pays premium through Member, Member should ensure that client’s premium is adequately safeguarded and is properly and promptly accounted for at all times. Disbursement payable to any insurer(s) should be settled in a timely...