... bushfires, parching droughts and drenching precipitation have become regular occurrences,” said Dr Moses Cheng, Chairman of the IA, in the opening speech. “Apart from diligently fulfilling the duty to act as good corporate citizens, the insurance industry does have a multiple role to play as...

... of the client, including the scenario where an existing policyholder requests a top-up. 4.8 Member has the duty to verify all available information, particularly the “Statement of Purpose” section in the Important Facts Statement / Applicant’s Declaration (“IFS/AD”), the FNA and Risk Profile...

... Training Board and the Institute of Professional Education and Knowledge under the Vocational Training Council. At that time, the Insurance Authority (“IA”) was a start-up without any regulatory duties yet. There were quite some worries that I, another lawyer, would build a heavy-handed regulator. Over the...

... Training Board and the Institute of Professional Education and Knowledge under the Vocational Training Council. At that time, the Insurance Authority (“IA”) was a start-up without any regulatory duties yet. There were quite some worries that I, another lawyer, would build a heavy-handed regulator. Over the...

... Training Board and the Institute of Professional Education and Knowledge under the Vocational Training Council. At that time, the Insurance Authority (“IA”) was a start-up without any regulatory duties yet. There were quite some worries that I, another lawyer, would build a heavy-handed regulator. Over the...

... be irrelevant. 4. Duties of the Board, the Controller and the Appointed Actuary 4.1 It is the duty of the Controller, as specified under section 13A(12) of the Ordinance, to ensure that requirements set out in this Guideline and the relevant ICPs are observed throughout the life cycle of all ILAS...

.../lodge_a_complaint.html https://www.icb.org.hk/en/index.html. Conduct in Focus P.7 Advising clients on the Duty of Disclosure As the statistics for 2021 indicate, around 18% of complaints which the IA received concern disputes about whether a claim should be paid under an insurance policy. A small section of complaints...

... Definition of Life Insurance A. Needs for Life Insurance ii. Principles of Life Insurance A. Insurable Interest B. Duty of Disclosure C. Other Insurance Principles iii. Calculation of Life Insurance Premium A. Rating Factors a. Mortality, Interest and Expenses b. Other Factors B. Pricing Systems a. Natural...

... Definition of Life Insurance A. Needs for Life Insurance ii. Principles of Life Insurance A. Insurable Interest B. Duty of Disclosure C. Other Insurance Principles iii. Calculation of Life Insurance Premium A. Rating Factors a. Mortality, Interest and Expenses b. Other Factors B. Pricing Systems a. Natural...

... I. Introduction to Life Insurance i. Definition of Life Insurance A. Needs for Life Insurance ii. Principles of Life Insurance A. Insurable Interest B. Duty of Disclosure C. Other Insurance Principles iii. Calculation of Life Insurance Premium A. Rating Factors a. Mortality, Interest and Expenses b....