...……………………...…………... 2 3. Relevant Regulatory Documents and Status of this Guideline…………………………………………………. 4 4. Fair Treatment of Customers in the Sale Process for ILAS Products…………………………………………………... 5 5. The FNA Process………………..………………………... 8 6. The RPQ Process………………..………………………... 9 7. IFS, Applicant’s Declarations and...

... Fulfillment Ratio Why do we need a fulfillment ratio? Participating policies pay both guaranteed and non-guaranteed benefits to policy holders, who are entitled to receive non-guaranteed dividends or bonuses by sharing the insurer’s profits. At the...

... Life Insurance Policy Replacement – What you need to know 2 Introduction A life insurance policy1, unlike a general insurance policy, involves a longer policy period. You will normally suffer losses if you surrender an existing life insurance policy, particularly during the early years of the...

... Life Insurance Policy Replacement – What you need to know 2 Introduction A life insurance policy1, unlike a general insurance policy, involves a longer policy period. You will normally suffer losses if you surrender an existing life insurance policy, particularly during the early years of the...

... Statutory Functions In accordance with the Insurance Ordinance (Cap. 41), the principal function of the Insurance Authority ("IA") shall be to regulate and supervise the insurance industry for the promotion of the general stability of the insurance...

... of the Activity-Based Regime 3. Exemptions 4. FAQs 3 1. Introduction 1.1. This Explanatory Note (“Note”), which includes a set of frequently-asked questions (“FAQs”) (see paragraph 4), is issued by the Insurance Authority (“IA”) to provide guidance on the licensing requirements and relevant...

... of the Activity-Based Regime 3. Exemptions 4. FAQs 3 1. Introduction 1.1. This Explanatory Note (“Note”), which includes a set of frequently-asked questions (“FAQs”) (see paragraph 4), is issued by the Insurance Authority (“IA”) to provide guidance on the licensing requirements and relevant...

... of the Activity-Based Regime 3. Exemptions 4. FAQs 3 1. Introduction 1.1. This Explanatory Note (“Note”), which includes a set of frequently-asked questions (“FAQs”) (see paragraph 4), is issued by the Insurance Authority (“IA”) to provide guidance on the licensing requirements and relevant...

... Circular_IIQE_20201221.docx 21 December 2020 Our Ref: MC/IIQE/CIR By email only To: Chief Executives of all authorized insurers, Responsible Officers of all licensed insurance agencies and licensed insurance brokers companies Dear Sirs, Remote Invigilation Mode Examination (RIME) of the Insurance...