... March 2019, the Insurance Authority (“IA”) published a draft Code of Conduct for Licensed Insurance Brokers (“Brokers’ Code”) for public comment under the cover of a consultation paper (“Consultation Paper”). The draft Brokers’ Code set out guidance on the practices and standards which licensed...

... March 2019, the Insurance Authority (“IA”) published a draft Code of Conduct for Licensed Insurance Brokers (“Brokers’ Code”) for public comment under the cover of a consultation paper (“Consultation Paper”). The draft Brokers’ Code set out guidance on the practices and standards which licensed...

... solvency, capital, and local asset requirements, which are set for ensuring sufficient loss absorption capability of authorized insurers must be met. All other requirements under the relevant guidelines should apply, except where the IA agrees to exempt or modify after due consideration. All...

... approximation results from the General Model and consider using PAA instead of General Model? 1 (ii) Variable Fee Approach (In HK'000) (iii) Premium Allocation Approach (PAA) (In HK'000) Total Gross Written Premium (In HK'000) 12a) Have you completed the determination of HKFRS 17 contract boundary assessment of...

... the licensing requirements under the Ordinance have the benefit of these views, the IA has decided to issue this additional Explanatory Note (“Note”). A.4 In section B of this Note we set out the IA’s general approach in considering the issue of whether or not a person is required to obtain a licence...