... policy dividends, please see 5.2.7. (b) Competition: no insurer enjoys a monopoly position. What the market is charging cannot be ignored. (c) Economic changes: extended times of affluence or recession will doubtlessly have an impact on all product prices, including insurance. (d) Public health: abnormal...

... insurance policies can be par or non-par. Term insurance plans (see 2.1.1) are normally not on a participating basis. 3 For discussions on distribution of policy dividends, please see 5.2.7. (b) Competition: no insurer enjoys a monopoly position. What the market is charging cannot be ignored. (c) Economic...

... the market is charging cannot be ignored. (c) Economic changes: extended times of affluence or recession will doubtlessly have an impact on all product prices, including insurance. (d) Public health: abnormal developments in this area (e.g. the AIDS epidemic) cannot be ignored in rating. (e) Fiscal...

... General Insurance Study Notes Insurance Intermediaries Quality Assurance Scheme General Insurance Examination Study Notes 2008 Edition 1 Study Notes for General Insurance Examination Update Insurance Authority to start regulating insurance companies from 26 June 2017 The Insurance Authority has tak...

... Long Term Insurance Examination Insurance Intermediaries Quality Assurance Scheme Long Term Insurance Examination Study Notes 2017 Edition 1 Study Notes for Long Term Insurance Examination Update 2 Voluntary Health Insurance Scheme, HKMC Annuity Plan and Tax Deductions for Deferred Annuity Premiums...

... report concluded that the deceased should be responsible for 70% of the economic loss while the vanished driver the remaining 30%. The insurer refused to pay the accidental death benefit by exercising an exclusion clause in the policy, which specifically excluded any loss directly or indirectly, wholly...

... economic loss while the vanished driver the remaining 30%. The insurer refused to pay the accidental death benefit by exercising an exclusion clause in the policy, which specifically excluded any loss directly or indirectly, wholly or partly caused by violation or attempted violation of the law. 1/21 The...

... Insurance Intermediaries Quality Assurance Scheme General Insurance Examination Study Notes 2018 Edition i PREFACE These Study Notes have been prepared to correspond with the various Chapters in the Syllabus for the General Insurance Examination. The Examination will be based upon these Notes. A fe...

... tragedy is very evident; (v) economic growth/development: it will be obvious that few people would venture their capital on costly projects without the protection of insurance (in most cases, bank financing will just not be available without insurance cover). Thus, developments of every kind, from...

... products in providing for the welfare of people in old age or family tragedy is very evident; (v) economic growth/development: it will be obvious that few people would venture their capital on costly projects without the protection of insurance (in most cases, bank financing will just not be available...