... to newly licensed insurance broker companies. In relation to existing insurance brokers, the IA proposes to provide a transitional period of some three years to ensure they have sufficient time to raise their paid-up capital and net assets, and to arrange the PII. Detailed transitional arrangements...

... places to carry out equivalence assessment on the solvency regulatory regimes. Both sides agreed to recognize temporarily the insurance solvency regulatory regime of each other as the same or similar to that of another during the four-year transitional period before the completion of the equivalence...

... Selection Made Easy guides users on their QDAP selection journey by having them answer five designated questions on the current age, preferred policy currency, duration of premium payment period, annuity commencement age and duration of annuity payment options. Based on the information they provide, users...

... Individual Licence Application (if the proposed Responsible Officer has not applied to the IA for a formal licence) ; 4. Resume of the proposed Responsible Officer regarding his/her insurance and management experience (including the period, name of employer, nature of business, job title, and number of staff...

... Insurance (Prescribed Fees) (Amendment) Regulation 2019 (“Amendment Regulation”) (Annex) was gazetted on 29 March 2019 and tabled before the Legislative Council for negative vetting on 3 April 2019. The Amendment Regulation has been passed recently upon expiry of the negative vetting period. IA would start...

... 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...

... 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...

... 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 6,935 228,969 19,739,635 90,493,502 12,249,685 17,701,157 附加合約: Supplementary Contracts: 意外及疾病 (醫療) Accident & Sickness (Medical) 0...