... insurance intermediaries is an activity-based regime that requires the licensing of all persons carrying on or holding themselves out as carrying on “regulated activities” unless an exemption applies. Regulated Activity, Material Decision & Regulated Advice 2.2. The scope of “regulated activity” is set out...

... Authority and Supervisory Review 40 11. Implementation 42 Glossary 43 Annex A Identification of Group 47 Annex B Types of notifiable material intra-group transactions or events 48 1 1. Introduction 1.1 This Guideline is issued by the Insurance Authority (“IA”) pursuant to section 133 of the Insurance...

... agree with the proposed tiering approach for non-regulated entities? Question 5 Do you agree with the criteria for defining a “material supervised group member” in Rule 10(6) of the Group Capital Rules? 2 ...

...……………………………………….….. 3 6. Supervisory Approach…………………………….……... 14 7. Commencement………………………………………….. 15 Annex Examples of Outsourcing …………………………….…. 1 Prior Notification of Material Outsourcing Arrangement – Checklist of Information to be Submitted to the Insurance Authority for Entering into an Outsourcing Arrangement...

... and mitigating risks in respect of the insurer and, if applicable, the group to which it belongs. It involves setting the risk appetite and the self-assessment of all reasonably foreseeable and relevant material risks that the insurer faces, and their inter-relationships, providing a link between...

... 11. Implementation 42 Glossary 43 Annex A Identification of Group 47 Annex B Types of notifiable material intra-group transactions or events 48 1 1. Introduction 1.1 The Insurance Authority (“IA”) issues this Guideline pursuant to section 133 of the Insurance Ordinance (Cap. 41) (“Ordinance”) and its...

... 11. Implementation 42 Glossary 43 Annex A Identification of Group 47 Annex B Types of notifiable material intra-group transactions or events 48 1 1. Introduction 1.1 The Insurance Authority (“IA”) issues this Guideline pursuant to section 133 of the Insurance Ordinance (Cap. 41) (“Ordinance”) and its...

... protection needs and compare the coverage and exclusions of different plans before taking out a medical insurance policy. Please refer to the section Tips on applying for insurance on this webpage for more information.   Case 2: Non-disclosure of material facts...

... Authority (IA) and the Hong Kong Monetary Authority (HKMA) today (10 January 2024): The IA has taken disciplinary action against Mr Cheung Tak On (Mr Cheung), a current technical representative (agent) appointed by an Authorized Institution at the material times, by suspending his licence for two...