... group • IA • HKFI • Authorized insurers • Licensed brokers • Technology companies • Consulting companies Consult the Open API Framework • Scope • Timeline • Standards • Facilitation • Maintenance Develop related guidelines • Open API Implementation Guideline • Technical standards about data exchange...

... the Pillar 1 (quantitative assessment) and Pillar 3 (disclosure) requirements and related matters under the Risk-based Capital regime and empowers the Insurance Authority (“IA”) to prescribe detailed requirements by way of subsidiary legislation.  Among other things, it also adjusts...

... management level to have the overall responsibility for the establishment and maintenance of the insurer’s AML/CFT systems; and a senior staff as the Money Laundering Reporting Officer (“MLRO”) to act as the central reference point for suspicious transaction reporting. To facilitate more effective...

... that business is conducted orderly and in accordance with policies formulated by the Board of Directors or senior management. They also verify compliance with the standing requirements on maintenance of assets in Hong Kong, corporate governance, as well as selling of insurance policies to Mainland...

... Important Notes Before You Proceed Important Notes Before you ProceedReturn SubmissionDownload AreaEnquiryFAQsNotes on collection of Levy on Insurance PremiumSystem Maintenance Schedule   The periods for return submission in each year...

... These failures resulted in the Companies contravening the prevailing regulatory requirements1 in relation to the maintenance of separate client accounts and the keeping of proper books and records applicable to insurance broker companies. The regulatory requirements in relation to client...

... under the Insurance Ordinance (Cap. 41) Requirements for a Licensed Insurance Broker Company Appointment of a Responsible Officer approved by the IA Maintenance of a client account with a bank in Hong Kong Compliance with the requirements set...

... proven that the damage arose from wear and tear or deterioration because of inadequate maintenance instead of an accident. Unoccupied property Unoccupancy is a common exclusion. In general, the exemption period for an unoccupied property is 30 days. The property is not insured after...

... Agreement also stipulates the implementation procedures of the equivalence assessment, as well as the relevant transitional arrangements, to enhance the co-operation between the two regulatory bodies. The Commissioner of Insurance, Mr John Leung, said, “The insurance industry is an important pillar of the...

... Agreement also stipulates the implementation procedures of the equivalence assessment, as well as the relevant transitional arrangements, to enhance the co-operation between the two regulatory bodies. The Commissioner of Insurance, Mr John Leung, said, “The insurance industry is an important pillar of the...