... internationally recognised cities whilst others have opted for places less well-known and less intense competition. Ilens_Jul04_E(final) 6 Regulatory Control With such a rapid market growth, regulatory control is always a concern. The China Insurance Regulatory Commission (“CIRC”) has exclusive authority over the...

... internationally recognised cities whilst others have opted for places less well-known and less intense competition. Ilens_Jul04_E(final) 6 Regulatory Control With such a rapid market growth, regulatory control is always a concern. The China Insurance Regulatory Commission (“CIRC”) has exclusive authority over the...

... internationally recognised cities whilst others have opted for places less well-known and less intense competition. Ilens_Jul04_E(final) 6 Regulatory Control With such a rapid market growth, regulatory control is always a concern. The China Insurance Regulatory Commission (“CIRC”) has exclusive authority over the...

... of (i) the directors, controllers and key persons in relevant control functions of the authorized insurers to which this Guideline applies and (ii) the licensed insurance intermediaries to which this Guideline applies and (in the case of licensed insurance agencies and licensed insurance broker...

... of (i) the directors, controllers and key persons in relevant control functions of the authorized insurers to which this Guideline applies and (ii) the licensed insurance intermediaries to which this Guideline applies and (in the case of licensed insurance agencies and licensed insurance broker...

... of (i) the directors, controllers and key persons in relevant control functions of the authorized insurers to which this Guideline applies and (ii) the licensed insurance intermediaries to which this Guideline applies and (in the case of licensed insurance agencies and licensed insurance broker...

... actions it should take as a result of such scenarios in order to restore the stressed solvency position to the regulatory or, ultimately, target capital level. Both kinds of management actions should be considered i.e. those within the control of the long term insurer and those require external support...

... reflect on the IA’s view of the continued fitness and properness of (i) the directors, controllers and key persons in relevant control functions of the authorized insurers to which this Guideline applies and (ii) the licensed insurance intermediaries to which this Guideline applies and (in the case of...

... the target can be justified on a sound and reasonable basis. In case of a mismatch, the licensed insurance intermediaries should follow the control measures set up to handle mismatch cases, including clearly explain to the customer the mismatch, how the recommended product(s) could meet the customer’s...

... actions it should take as a result of such scenarios in order to restore the stressed solvency position to the regulatory or, ultimately, target capital level. Both kinds of management actions should be considered i.e. those within the control of the long term insurer and those require external support...