... - 1 - CIB-GN(12) (issued on 18 December 2014, effective from 1 January 2015) Guidance Note on Product Recommendation for Long Term Insurance Business (Including Linked Long Term Insurance) According to Membership Regulation 3.5, the General Committee is issuing this Guidance Note on Product...

... described as a: (a) pure risk; ..... (b) particular risk; ..... (c) speculative risk; ..... (d) fundamental risk. ..... [Answer may be found in 1.1.2a] Type ‘B’ Questions 3 Which of the following statements concerning risk are true? (i) All risks are commercially insurable. (ii) Not all risks are...

... payable upon authorization and annually thereafter consist of two elements, namely, a fixed fee of $300,000 ($30,000 for captive insurer; and $600,000 for composite insurer) and a variable fee based on insurance liabilities. 3. This Note elaborates the ascertainment of variable fee and the payment...

...] Type "B" Questions 3 Which two of the following statements are true? (i) A benefit policy is the same as an indemnity policy. (ii) Most life policies are subject to indemnity, but some are not. (iii) Life insurance contracts are not normally subject to indemnity. (iv) Indemnity does not normally apply...

... correct the personal data provided. Requests should be made in writing to the Data Privacy Officer of the Insurance Authority at 19/F, 41 Heung Yip Road, Wong Chuk Hang, Hong Kong. Name of insurer: Type of business authorized: Contact person for this survey: Name: Telephone: Email: Input, explain or...

... in 1.1.2a] Type ‘B’ Questions 3 Which of the following statements concerning risk are true? (i) All risks are commercially insurable. (ii) Not all risks are commercially insurable. (iii) The only remedy for any kind of risk is insurance. (iv) Insurers may mean a number of things when talking about...

... Companies Ordinance / Insurance Companies Ordinance (ICO) / ICO Insurance Ordinance 2.2.4(b)(iii), 2.2.5(a), 4.4(b), 4.4(d)-(e), 4.4(g), Representative Examination Questions No.3 of Chapter 4 Glossary (page (iv), (xv)) “fit and proper” directors and controllers fit and proper requirement for controllers...

... Kong. 2. The IA welcomes written submissions on or before 16 October 2020 by any of the following means: Mail: Insurance Authority 19/F, 41 Heung Yip Road Wong Chuk Hang Hong Kong Fax: (852) 3899 9993 Email: [email protected] 3. A feedback template is enclosed. 4. Any person making a submission on behalf of...

... policy for employees; outpatient insurance plans; non-indemnity insurance plans including hospital cash plans and critical illness cash plans; and indemnity insurance plans that cover specific illnesses (e.g. cancer) only. (3) An individual IHIP can qualify as either type of Certified Plans, namely a...

... making profit without the prior permission of the Office of the Commissioner of Insurance. ii TABLE OF CONTENTS Chapter Page 1. INSURANCE PRODUCTS 1/1 1.1 Motor Insurance 1/2 1.1.1 Private Vehicle 1.1.2 Motor Cycle 1.1.3 Commercial Vehicle 1.2 Health Insurance 1/13 1.2.1 Personal Accident (PA) and...