... Anti-Money Laundering and Counter-Terrorist Financing (“GL3”) the extent of additional measures set out in the AMLO will depend on the nature and characteristics of the product or service requested and the assessed ML/TF risks presented by the customer. Paragraph 4.12.2 when taking supplementary measures...

... individual insurance agent’s role, however, is not to collect premium from the policyholder directly, or to serve as a conduit through which a policyholder should pay premium.  An individual insurance agent is, after all, an individual with a personal (not a business) bank account, who is not set...

... standards of conduct and business practice for authorized insurers underwriting Investment-Linked Assurance Schemes (“ILAS”) business. 1.2 In response to GN 15, this Guidance Note is issued to set out such standards of conduct and business practice in so far as they are applicable to members of PIBA in...

... annuities can be categorized by the length of their premium payment period and annuity period. In general, the amount of each payout is fixed. For the same insured sum, if the annuity period is longer, the amount of each payout will be smaller. However, some policies may offer a step-up provision, whereby...

... (Cap. 112) (“IRO”), a certain amount of premium which is paid for a deferred annuity insurance policy will be eligible for tax deduction under salaries tax and tax under personal assessment, provided the deferred annuity insurance policy satisfies the criteria specified in a Guideline issued by the IA...

... (Cap. 112) (“IRO”), a certain amount of premium which is paid for a deferred annuity insurance policy will be eligible for tax deduction under salaries tax and tax under personal assessment, provided the deferred annuity insurance policy satisfies the criteria specified in a Guideline issued by the IA...

...) announced today (21 February 2020) a set of temporary facilitative measures1 to reduce the risk of infection from face-to-face meetings between intermediaries and their clients. These temporary facilitative measures cover only Qualifying Deferred Annuity Policy and Voluntary Health Insurance...

... whether the ILAS product sold, and key features such as the premium amount and term are considered suitable and affordable for the customer(s) based on the information disclosed by the customer(s), (ii) verify whether intermediaries have taken due account of the reasons/considerations set out by the...

... Insurance Authority – Briefing Session on 21 July 2017 31 July 2017 1 Bullet points of major principles/concepts for premium levy collection:  Deduct levy (together with premium) by auto-pay  Need policy holder consent, e.g. notify policy holder of the “default option” and allow opt out in...

... appointment as a new Non-Executive Director (NED) of the IA and the seven incumbent NEDs on their reappointments: Mr Samuel Chan Ka-yan, Professor Chan Wai-sum, Ms Chitty Cheung Fung-ting, Mr Kenneth Kwok Tsun-wa, Mr Ma Ho-fai, Mr James Wong Chien-kuo and Mr Stephen Yiu Kin-wah. Established in...