... curve. The scenario is applied instantaneously at the valuation date and throughout the planning period. Long term insurer needs to justify the assumptions behind the choice of scenario. Part B – Credit spread widening scenario This scenario is based on immediate increase of credit spread, according to...

... curve. The scenario is applied instantaneously at the valuation date and throughout the planning period. Long term insurer needs to justify the assumptions behind the choice of scenario. Part B – Credit spread widening scenario This scenario is based on immediate increase of credit spread, according to...

... Premiums Receivable in Revenue Account in the Period 年度化保費 Annualized Premiums A (I) 年金除外的人壽保險 (I) Life assurance other than annuities 千港元 HK$'000 千港元 HK$'000 千港元 HK$'000 千港元 HK$'000 基本計劃 Base Plan 11,696 253,000 32,336,411 114,401,059 14,902,850 21,291,117 附加合約: Supplementary Contracts: 意外及疾病 (醫療...

... institutions to rely on foreign financial institutions within the same financial group as intermediaries to carry out CDD measures; and (d) changing the record-keeping period from “six years” to “at least five years”. The revised GL3 will come into effect on 1 March 2018. A copy of the revised GL3 (showing...

... reacted by delicately balancing business facilitation with structural reforms. some prime examples are phased introduction of the temporary facilitative measures for non-face-to-face selling of designated insurance products with compensating disclosure requirements and an extended cooling-off period...

... reacted by delicately balancing business facilitation with structural reforms. some prime examples are phased introduction of the temporary facilitative measures for non-face-to-face selling of designated insurance products with compensating disclosure requirements and an extended cooling-off period...

... outstanding for a substantial period of time (over a year in another case). In some cases, subsequent recurrence of non- compliance were noted. Senior management should diligently and vigilantly monitor the rectification progress of the AML/CFT compliance matters to ensure the remedial actions are taken...

... neither a bank deposit nor a bank savings plan”); (iii) Target premium amount, payment period and benefit periods are clearly highlighted; and (iv) Prominent warnings are shown to the customers concerning affordability of the product during the entire premium payment period; and relevant   (effective 1...

... indemnity for any one claim and in any one insurance period of 12 months. The minimum limit of indemnity shall be equal to– (i) two times the aggregate insurance brokerage income relating to 12 months immediately preceding the date of commencement of the professional indemnity insurance cover (applicable to...

... in use (if applicable) Application is open throughout the period of the Programme. Upon successful registration, Cyberport will send a confirmation email to the contact person with a hyperlink for him/her to activate his/her user account. A maximum of two user accounts will be provided to each...