... New Q&As to Interpretation Notes 1 Insurance Authority (“IA”) Circular providing interpretation notes (“Circular”) relating to the Guideline on Sale of Investment-Linked Assurance Scheme (“ILAS”) Products The Insurance Authority (“IA”) issues this Circular with the aim of providing further...

... strengthening their ERM system. As reflected in the Consultation Conclusions on the RBC framework1 issued by the former Office of the Commissioner of Insurance (“OCI”) in September 2015, the respondents generally agreed with the introduction of Pillar 2 requirements ahead of Pillar 1 (i.e. quantitative...

... Fulfillment Ratio Fulfillment Ratio Examples Example 1: Participating policy with annual and terminal dividends Assume that the policy was issued on 1 January 2020: End of Policy Year...

... Nations Sanctions (Democratic Republic of the Congo) Regulation 2017 The United Nations Sanctions (Democratic Republic of the Congo) Regulation 2017 (“the Congo Regulation”) has been published in the Gazette (L.N. 149 of 2017) on 15 September 2017 and is available on the Government’s website http...

... Insurance Authority consults on the proposed codes of conduct for licensed insurance agents and licensed insurance brokers 28 March 2019 The Insurance Authority (IA) today (28 March 2019) launched a two-month public consultation on the draft Code of...

... on Medical Insurance Business The above GLs have already commenced on 23 September 2019 with the provision of a transitional period that runs until 22 September 2020, except GL 31 which was published on 29 November 2019 for commencement on 23 September 2020. Fully recognising that the COVID-19...

... on Medical Insurance Business The above GLs have already commenced on 23 September 2019 with the provision of a transitional period that runs until 22 September 2020, except GL 31 which was published on 29 November 2019 for commencement on 23 September 2020. Fully recognising that the COVID-19...

... IA”) may impose on a person a pecuniary penalty either on its own or together with other disciplinary sanctions under section 81(4) if: (a) the person is, or was at any time, guilty of misconduct when the person is a regulated person; (b) the person was at any time guilty of misconduct when the...

... IA”) may impose on a person a pecuniary penalty either on its own or together with other disciplinary sanctions under section 81(4) if: (a) the person is, or was at any time, guilty of misconduct when the person is a regulated person; (b) the person was at any time guilty of misconduct when the...

... IA”) may impose on a person a pecuniary penalty either on its own or together with other disciplinary sanctions under section 81(4) if: (a) the person is, or was at any time, guilty of misconduct when the person is a regulated person; (b) the person was at any time guilty of misconduct when the...