... is very likely to be only 10% per year, rising to a maximum of 30%. Some features to note about the no claim discount system are: (i) Originally, the system was known as a No Claim Bonus (NCB). Technically, this is an incorrect title, since a bonus implies the receipt of extra money. “No claim...
https://www.ia.org.hk/english/supervision/reg_ins_intermediaries/files/10.sn-general-2008_eng_2017update.pdf -
Date: 2019-12-02
... second year 30% and so on, rising to a maximum of 60% after five claim-free years. With other classes of vehicles, the discount is very likely to be only 10% per year, rising to a maximum of 30%. Some features to note about the no claim discount system are: (i) Originally, the system was known as a No...
https://www.ia.org.hk/english/supervision/reg_ins_intermediaries/files/sn-general-2008.doc -
Date: 2019-12-02
... is very likely to be only 10% per year, rising to a maximum of 30%. Some features to note about the no claim discount system are: (i) Originally, the system was known as a No Claim Bonus (NCB). Technically, this is an incorrect title, since a bonus implies the receipt of extra money. “No claim...
https://www.ia.org.hk/english/supervision/reg_ins_intermediaries/files/sn-general-2008.pdf -
Date: 2019-12-02
... losses (e.g. activities promoting industrial safety); - loss reduction: the lowering of the severity of identified possible losses (e.g. automatic sprinkler system); - risk transfer : making another party bear the consequences of one’s exposure to loss (e.g. purchase of insurance and contractual terms...
https://www.ia.org.hk/english/supervision/reg_ins_intermediaries/files/9.sn-pp-2017_eng.pdf -
Date: 2019-12-02
... losses (e.g. activities promoting industrial safety); - loss reduction: the lowering of the severity of identified possible losses (e.g. automatic sprinkler system); - risk transfer : making another party bear the consequences of one’s exposure to loss (e.g. purchase of insurance and contractual terms...
https://www.ia.org.hk/english/supervision/reg_ins_intermediaries/files/P1_SN_eng_2017ver_2018update.pdf -
Date: 2019-12-02
... - creating the impression of apparent legitimacy to criminally derived wealth. In situations where the layering process succeeds, integration schemes effectively return the laundered proceeds back into the general financial system and the proceeds appear to be the result of, or connected to, legitimate...
https://www.ia.org.hk/english/supervision/reg_ins_intermediaries/files/GL3_AML_Eng.pdf -
Date: 2020-06-16
... - creating the impression of apparent legitimacy to criminally derived wealth. In situations where the layering process succeeds, integration schemes effectively return the laundered proceeds back into the general financial system and the proceeds appear to be the result of, or connected to, legitimate...
https://www.ia.org.hk/english/legislative_framework/files/GL3_Eng.pdf -
Date: 2020-09-24
... legitimacy to criminally derived wealth. In situations where the layering process succeeds, integration schemes effectively return the laundered proceeds back into the general financial system and the proceeds appear to be the result of, or connected to, legitimate business activities. s.1, Sch. 1, AMLO 1.11...
https://www.ia.org.hk/english/legislative_framework/circulars/antimoney_laundering/files/GL3_Appendix_A.pdf -
Date: 2019-02-01
... succeeds, integration schemes effectively return the laundered proceeds back into the general financial system and the proceeds appear to be the result of, or connected to, legitimate business activities. s.1, Sch. 1, AMLO 1.11 The term “terrorist financing” (TF) is defined in section 1 of Part 1 of...
https://www.ia.org.hk/english/legislative_framework/circulars/antimoney_laundering/files/20190913_1_Appendix_A.pdf -
Date: 2019-12-24
..., elements of good corporate governance and effective internal control system, an overview of corruption risks and the corresponding safeguards in the core operations of an insurer, including management of insurance intermediaries, sales process, underwriting and claims verification procedures, etc; and...
https://www.ia.org.hk/english/infocenter/files/Conduct_In_Focus_English_Issue2.pdf -
Date: 2021-12-14