... by The Hong Kong Federation of Insurers.) If you consider the life insurance policy not suitable, you have the right to cancel it within the “cooling-o� period” and obtain a full refund of the insurance premium paid (less a market value adjustment where applicable). The “cooling-o� period” is 21 days...

... by The Hong Kong Federation of Insurers.) If you consider the life insurance policy not suitable, you have the right to cancel it within the “cooling-o� period” and obtain a full refund of the insurance premium paid (less a market value adjustment where applicable). The “cooling-o� period” is 21 days...

... regulatory functions from the Hong Kong Government’s Office of the Commissioner of Insurance. As the prudential and conduct regulator of insurers, the IA is operationally and financially independent from the Hong Kong SAR Government. The IA currently has a staff of over 220 and aims to achieve full strength...

... take guidance from this Guideline in considering whether there has been an act or omission likely to be prejudicial to the interest of policy holders or potential policy holders (albeit the IA will always take account of the full context, facts and impact of any matter before it in this respect). 4 4....

... take guidance from this Guideline in considering whether there has been an act or omission likely to be prejudicial to the interest of policy holders or potential policy holders (albeit the IA will always take account of the full context, facts and impact of any matter before it in this respect). 4 4....

... the way in which insurance business is conducted. In this edition we present statistics on the complaints received by the IA for the full year 2021, recommend best practice principles for complaints handling by insurers, examine problems which can arise when material facts are not disclosed when...

... anniversary day will fall in the succeeding month. A sample of the Annual Fee Notice is set out in Annex E for information. 11. Insurers should settle the Fees，both the fixed and variable, in full with one payment. DEFINITIONS OF TERMS 12. Where a term used in the Note is defined in Cap. 41 or the subsidiary...

... efficient portfolio management. 6.4 To ensure that an SPE structure meets the “bankruptcy remote” criterion, the insurer should obtain an appropriate legal opinion as to the bankruptcy remoteness. There should also be a full disclosure of the bankruptcy remoteness of the SPE in any prospectus, offering...

... concept adopted from software development world • To test technological proof of concept prior to a full-scale public release --> Iterative process to amend and improve based on feedback • In a regulated industry, insurers and start-ups find the iterative approach difficult, especially in gaining real...