... the industry by putting all necessary elements in place in order to formulate policy decision on the RBC regime. The data to be collected from QIS 2 would enable the IA to perform data analysis and further refine the risk charges and capital requirements in QIS 3. Therefore, your data submission is...

... economic pressures. The most suitable insurance policy to meet a policyholder’s interests may not be the one with the highest commission level. The temptation to focus time on generating new sales of policies may conflict with the duty to service existing ones. Since commission itself is “all...

... resilience and its determination to ensure those serving the insurance needs of customers continue with their licences in order to perform that vital function. We ask for that resilience to continue to shine through, so that the remaining deemed license applications are submitted and completed. To ensure the...

... to facilitate certain products to be distributed through non-F2F methods as soon as possible. Phase 1 In order for the tax deduction to be claimed in respect of Qualifying Deferred Annuity Policy (“QDAP”) and Voluntary Health Insurance Scheme (“VHIS”) for the assessment year 2019-20, the relevant...

... to facilitate certain products to be distributed through non-F2F methods as soon as possible. Phase 1 In order for the tax deduction to be claimed in respect of Qualifying Deferred Annuity Policy (“QDAP”) and Voluntary Health Insurance Scheme (“VHIS”) for the assessment year 2019-20, the relevant...

... unenforceable contract cannot be enforced (or sued on) in a court of law. However, this is not because it is void, but because some required action has not been taken (e.g. stamp duty not paid on a lease of land, marine insurance policy not issued, etc.). This defect can be remedied by carrying out the required...

..., directors, key persons in control functions and appointed actuaries 4.4(b)(iv) the Government [text removed] 2.2.5(a) Government: all governments are under a duty to protect the welfare of their citizens. Regulator: the insurance regulator is under a duty to protect the policyholders and potential...