..., 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...

... the ML/TF risk into account in a similar way to financial institutions (R.12, 16 & 24). Customer Due Diligence (R.5-9) 29. Risk is referred to in several forms: a. Higher risk – under Recommendation 5, a country must require its life insurance companies and intermediaries to perform enhanced due...

... the ML/TF risk into account in a similar way to financial institutions (R.12, 16 & 24). Customer Due Diligence (R.5-9) 29. Risk is referred to in several forms: a. Higher risk – under Recommendation 5, a country must require its life insurance companies and intermediaries to perform enhanced due...

... the ML/TF risk into account in a similar way to financial institutions (R.12, 16 & 24). Customer Due Diligence (R.5-9) 29. Risk is referred to in several forms: a. Higher risk – under Recommendation 5, a country must require its life insurance companies and intermediaries to perform enhanced due...

... Member); and (b) reference to client shall refer to any client of Member Authority 1.13 The authority of this Code is given by PIBA. Conflicts with the Statutory and/or Governmental Requirements 1.14 This Code should not be interpreted in a way that would override the provisions of any applicable laws...

... principals to the Insurance Authority (“IA”) We write further to our circular dated 1 April 2021 regarding the CPD compliance reporting procedures for the Combined Assessment Periods of 23 September 2019 to 31 July 2020 (2019/20) and 1 August 2020 to 31 July 2021 (2020/21). Important deadlines By way of...

... principals to the Insurance Authority (“IA”) We write further to our circular dated 1 April 2021 regarding the CPD compliance reporting procedures for the Combined Assessment Periods of 23 September 2019 to 31 July 2020 (2019/20) and 1 August 2020 to 31 July 2021 (2020/21). Important deadlines By way of...

... guidance on certain matters regarding section 121 of the Insurance Ordinance, (Cap. 41) (“the Ordinance”). It is not intended to be a comprehensive guide and does not constitute legal advice. It does not have the force of law and should not be interpreted in a way that would override the provision of any...

... guidance on certain matters regarding section 121 of the Insurance Ordinance, (Cap. 41) (“the Ordinance”). It is not intended to be a comprehensive guide and does not constitute legal advice. It does not have the force of law and should not be interpreted in a way that would override the provision of any...

... insurance policies applied for and taken out by a policyholder. Insurers should review the criteria setting with the view to tightening the specification threshold of obtaining income/assets proof and should implement it on a per person basis as a more effective way to ascertain total risks involved. c...