... • Proper capacity (e.g. appointment by appropriate principal, not acting in dual capacity as agent and broker). • Prescribed fee (licence fee waived in the first 5 years). • Fit and proper (criteria to be specified in Guideline on Fit and Proper Criteria for Licensed Insurance Intermediaries). • Additional...

... technology (IT) infrastructure, determination of the measurement models (such as general model, premium allocation model, or variable fee model), data storage and management, reporting & disclosure requirements, lack of actuarial support, etc. Optional – you may also supplement the proposed solutions...

... or is registered as “Chief Executive” of the Member, CIB will not consider any other application from the Member to register another Alt. CE. 6.3 The application for registering Alt. CE shall be made in the form prescribed by the General Committee. 6.4 No additional fee will apply for registering...

... occupation concurrently with the practice of insurance broking shall not allow such outside interest to jeopardize his integrity, independence or competence. (g) Members shall not charge or accept any fee that is disproportionate to the service rendered to a client. (h) Members shall uphold the institute of...

... regulations and even unspoken rules… …but services aren’t straightforward, so I waste time doing things that don’t add value to my business. …but now my livelihood is even more sensitive to unexpected events …but I don’t feel like they are on my side, or really understand what it’s like to be a small business...

... Some Members have wrongly interpreted that brokerage or fee income earned from Linked Long Term Insurance Business does not fall within the definition of “Insurance Brokerage Income”. Members’ attention is particularly drawn to the phrase “any contract which contains an element of insurance...

... agreement whether as a broker service agreement, brokers terms of business agreement or similar and where such agreement has been signed by the client and sets out clearly therein the express levels of fee or brokerage remuneration to be received by the Member then the provisions of B and C below are deemed...

... the Government. In the long run, the IA has to be financially independent of the Government and recover its operating costs. The Insurance Ordinance provides for the IA to collect an annual authorisation fee from insurance companies and user fees for specific services with effect from 26 June 2017....

... the Government. In the long run, the IA has to be financially independent of the Government and recover its operating costs. The Insurance Ordinance provides for the IA to collect an annual authorisation fee from insurance companies and user fees for specific services with effect from 26 June 2017....

... the Government. In the long run, the IA has to be financially independent of the Government and recover its operating costs. The Insurance Ordinance provides for the IA to collect an annual authorisation fee from insurance companies and user fees for specific services with effect from 26 June 2017....