...(6), and 95X(1) of the IO for body corporate GWS03 [Word] Sections 95J(3) and 95O(2) of the IO GWS04 [Word] Templates: Material group outsourcing arrangement register [Excel] ...

... talks about the importance of insurance intermediaries advising their customers to disclose medical conditions when buying insurance policies to avoid any uncertainties at claim stage. This is also the subject of our Policyholder Corner section, in which we remind prospective policyholders of their duty...

... blackmail); Failure to comply with legal or regulatory obligations; Material breach of internal policy or rules (e.g. financial controls, procurement rules, confidentiality obligations);    An act or omission which creates a substantial and specific danger...

... risk of money laundering or terrorist financing (as required section 15 of Schedule 2 to AMLO). Annual reviews of high risk customers 12. Section 5 of Schedule 2 to AMLO stipulated a financial institution’s duty to monitor business relationships with customers. Pursuant to section 5(1)(a) of Schedule 2...

... Showcasing the social value of insurance amid severe weather events 17 September 2023 Over the past two weeks, various sectors in Hong Kong have been busy dealing with the aftermath of a typhoon and a heavy rainstorm. The insurance industry is no...

... conditions. You should carefully assess your insurance needs as well as the pros and cons of surrendering or replacing a policy before making the decision. Don’t take the information contained in promotion material as the terms and conditions of an insurance policy, it usually only summarises the key...

... conditions. You should carefully assess your insurance needs as well as the pros and cons of surrendering or replacing a policy before making the decision. Don’t take the information contained in promotion material as the terms and conditions of an insurance policy, it usually only summarises the key...

... consequential effect, nor be liable for any loss or damage, howsoever caused, arising from or in connection with the use of or inability to use the IA’s website or use of or reliance upon any information or material provided on the IA’s website. The IA endeavours to ensure that the information...

... risk profile, solvency and perhaps liquidity positions (current and forward-looking) and linkage with business strategy and material actions taken over the period. It should not be too lengthy and should provide focused information for readers. However, it was observed that some insurers provided only...

... of good faith, often called the principle of utmost good faith. It means that each party is under a duty to reveal all vital information (called material facts) to the other party, whether or not that other party asks for it. For example, a proposer of fire insurance is obliged to reveal the relevant...