... insurance business in Hong Kong. The Task Force has identified a number of remedial proposals which require the efforts of various parties, either individually or collectively. On the part of the insurance industry, the Task Force issued a Code of 2 Best Practice for EC Insurers on 1 November 2001. The Code...

... insurance business in Hong Kong. The Task Force has identified a number of remedial proposals which require the efforts of various parties, either individually or collectively. On the part of the insurance industry, the Task Force issued a Code of 2 Best Practice for EC Insurers on 1 November 2001. The Code...

... Licensed Insurance Intermediaries and (2) Draft Guideline on Continuing Professional Development for Licensed Insurance Intermediaries 17 the IA will extend the transitional period by one more year to 31 July 2021 in order to allow individual licensees sufficient time to adapt to the new regime....

..., however, you can find the answers at the end of the Study Notes. 2/1 Chapter 2 INVESTMENTS Since the value of an investment-linked long term insurance policy depends on the performance of its underlying investment portfolio, in order to fully understand its nature, it is necessary to have a basic...

... policy depends on the performance of its underlying investment portfolio, in order to fully understand its nature, it is necessary to have a basic knowledge of investment. Our discussion on the investment topics is covered in two chapters. In Chapter 2, we review the basic concepts of investment with...

... external auditors in order to assess the effectiveness of the system. Appropriate revision or enhancement can be made if necessary. Similar to the risk management policy, the monitoring system must be clearly set out and properly documented. 2.1.6 Financial Risk Management in Hong Kong (a) Risk Management...

... proper policies and procedures regarding settlement of insurance claims in order to ensure that it discharges its obligations in 1) and 2) above so that its policyholders are treated fairly in the claims handling process. (Section 10 of the IA’s “Guideline on Corporate Governance of...