... Power to Impose a Pecuniary Penalty …………………....………………………… 2 4. Commencement ………………………………………………... 5 1 1. Introduction 1.1. This Guideline is made pursuant to section 83 of the Insurance Ordinance (Cap. 41) (“the Ordinance”). 1.2. Pursuant to section 81(1) of the Ordinance, the Insurance Authority (“the...

..., attended by about 70 delegates affiliated with 14 member jurisdictions1. “Diversity is our strength as each member jurisdiction has its unique social demands and market landscape, yet we are exposed to the same set of emerging trends. Against the backdrop of a volatile macroeconomic...

... net liabilities of $1,947.8 billion. Yearly contributions for Retirement Scheme contracts administered by insurers were $9.4 billion (increased by 5.2%). There were 63,142 Retirement Scheme contracts carrying net liabilities of $125.2 billion. In-force office premiums for Group Life business...

... Benefit 3.3.2 Long-Term Care (LTC) Benefit 3.4 Medical Benefits 3/9 3.5 Insurability Benefits 3/10 3.5.1 Guaranteed Insurability Option 3.6 Inflationary Adjustment 3/11 3.6.1 Cost of Living Adjustment (COLA) Benefit 4. EXPLAINING THE LIFE INSURANCE POLICY 4/1 4.1 Entire Contract Provision 4/1 4.2...

... benefit x number of payments) is therefore decreasing as time goes by). Suppose a life insured under a 5-year family income plan for a monthly benefit of $1,000 dies at the end of year 4. The plan will pay the beneficiary 12 monthly payments of $1,000 each, totalling $12,000. On the other hand, a death at...

... benefit x number of payments) is therefore decreasing as time goes by). Suppose a life insured under a 5-year family income plan for a monthly benefit of $1,000 dies at the end of year 4. The plan will pay the beneficiary 12 monthly payments of $1,000 each, totalling $12,000. On the other hand, a death at...

... & Health 汽車 5,002 4,906 2.0% 4,230 4,121 2.6% Motor Vehicle 貨運 1,212 1,210 0.2% 650 719 -9.6% Goods in Transit 財產損壞 10,045 7,894 27.2% 4,565 3,560 28.2% Property Damage 一般法律責任 10,759 9,886 8.8% 7,440 6,953 7.0% General Liability 金錢損失 3,604 2,179 65.4% 2,329 1,107 110.4% Pecuniary Loss 其他 3,305 3,260 1.4% 1...

... & Health 汽車 5,002 4,906 2.0% 4,230 4,121 2.6% Motor Vehicle 貨運 1,212 1,210 0.2% 650 719 -9.6% Goods in Transit 財產損壞 10,045 7,894 27.2% 4,565 3,560 28.2% Property Damage 一般法律責任 10,759 9,886 8.8% 7,440 6,953 7.0% General Liability 金錢損失 3,604 2,179 65.4% 2,329 1,107 110.4% Pecuniary Loss 其他 3,305 3,260 1.4% 1...

... and benefits paid to policy holders amounted to $78.5 billion1 (increased by 9.6%). During the same period, new office premiums (excluding Retirement Scheme business) of long term business were $47 billion (increased by 10.7%), made up of $43.5 billion from Individual Life and Annuity...

... insurance industry in 2017 amounted to $489.6 billion, representing an increase of 9.1% over 2016. Long term business The total amount of revenue premiums of long term in-force business was $441.5 billion in 2017, increased by 9.5% over 2016. Revenue premiums of Individual Life and...